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

Attack Vectors 2024: Identity Theft and Digital Banking 
Attack Vectors 2024: Identity Theft and Digital Banking 
January 12, 2024  |  Fraud Prevention

In the payments and financial landscape, staying still often means falling behind.  And falling behind in today’s rapidly digitizing environment can be dangerous.  That’s because...

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Some Consumers Might Need Rewards and Discounts to Try Biometric Logins
Some Consumers Might Need Rewards and Discounts to Try Biometric Logins
October 11, 2023  |  Biometrics

Biometric authentication, a technology that uses unique physical or behavioral traits for identity verification, has gained popularity in recent years.  In fact, according to joint...

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Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Security & Fraud

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

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The Trade-Off With That Free, Unexpected Package You Received — Your Identity
The Trade-Off With That Free, Unexpected Package You Received — Your Identity
August 14, 2023  |  Security & Fraud

Have you received an unexpected package lately? It might be from Amazon, Home Depot, or any other retailer you can think of. While receiving an...

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Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
June 28, 2023  |  Security & Fraud

Can one stolen ID, augmented with artificial intelligence, yield $2 million in pilfered government benefits? It’s a scenario Haywood Talcove, chief executive of LexisNexis Risk...

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Plaid Launches Anti-Fraud Network
Plaid Launches Anti-Fraud Network
June 22, 2023  |  Identity theft

Plaid has launched a collaborative network designed to stop “the chain reaction of identity fraud.” The new Plaid Beacon network is open to FinTechs, financial institutions of all...

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President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
March 02, 2023  |  Security & Fraud

The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. The proposal, announced Thursday (March 2), would prosecute people who committed...

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Advanced Identity Tools Speed Crypto Account Access and Build Revenue
Advanced Identity Tools Speed Crypto Account Access and Build Revenue
February 10, 2023  |  Digital Identity

Streamlined digital account opening is a must-have for all financial institutions (FIs). A critical step in that process is the login experience, for which customers...

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Intelligent Tech Balances Customer Convenience With Identity Theft
Intelligent Tech Balances Customer Convenience With Identity Theft
December 19, 2022  |  Identity

Identity theft and other types of fraud will become even more widespread in 2023. That’s according to the latest report released by the Identity Theft...

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