Identity Theft

Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss.

Source: consumer.ftc.gov

Velera Debuts ID Verification Tool for Credit Union Members
Velera Debuts ID Verification Tool for Credit Union Members
August 01, 2024  |  Identity

Credit union service organization Velera has introduced an identity security/authentication tool. IDCheck by Co-op, announced Thursday (Aug. 1), is available to members of the Co-op...

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Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
July 24, 2024  |  Security & Fraud

The Security Summit has issued a stern warning to tax professionals, urging them to heighten their awareness of indicators of identity theft as part of...

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The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
June 26, 2024  |  Security & Fraud

Bryan Lewis, CEO of Intellicheck, has a stark take on just how severe the damage a fraudster can inflict with a few bits of information....

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Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
May 21, 2024  |  Identity

Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a...

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Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
May 15, 2024  |  Fraud Prevention

As the company that laid claim to the concept of “digital identity” more than 10 years ago, Prove Identity takes verification seriously, even when it’s...

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Intellicheck Posts Record Quarter as Identity Fraud Continues to Run Rampant  
Intellicheck Posts Record Quarter as Identity Fraud Continues to Run Rampant  
May 13, 2024  |  Earnings

As identity fraud continues to plague business verticals from banking to automotive and even higher education, verification company Intellicheck posted record Q1 earnings Monday (May...

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Online Merchants Grapple With Surge in Sophisticated Counterfeit Goods Scheme
Online Merchants Grapple With Surge in Sophisticated Counterfeit Goods Scheme
May 09, 2024  |  Fraud Attack

The internet has been both a blessing and a curse to society and commerce alike.  And with the news Wednesday (May 8) that a criminal network...

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Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
May 01, 2024  |  Fraud Prevention

Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce.  And in an era where technology has become increasingly...

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Spike in Identity Fraud Forces Banks to Embrace Innovation
Spike in Identity Fraud Forces Banks to Embrace Innovation
April 23, 2024  |  Security & Fraud

To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions...

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