Synthetic ID fraud costs banks $2 billion a year. The bad guys are so crafty that the credit bureaus are unwitting accomplices to the fraud. Traditional methods of catching ID theft fall short, as Naftali Harris, co-founder of SentiLink says in the latest Monday Conversation...
Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). Begor made the confession after U.S. Representative Katie Porter, a Democrat from California, asked the CEO...
The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft. With that in mind, Medicare is removing Social Security numbers from its cards and replacing...
Special counselor Robert Mueller recently indicted 13 Russians for using stolen identities to illegally open U.S. bank accounts and meddle in the 2016 election. Given SSNs’ history of vulnerability and compromise, they have “outlived their usefulness,” says Ross Rustici, senior director of intelligence services for...
December 23, 2019
Impersonation fraud — where a cybercriminal pretends to be someone they aren’t in an attempt to make off with funds — gets a lot of attention, and for good reason. Cybercriminals are getting good enough to fake biometric authentication methods using Deep Fake and other techniques. Earlier this year, for example, fraudsters made off with […]
April 01, 2019
Synthetic ID fraud costs banks $2 billion a year. The bad guys are so crafty that the credit bureaus are unwitting accomplices to the fraud. Traditional methods of catching ID...
November 06, 2017
How do you build a real, resilient and robust standard of best practices in data security? And how do you do it when just about every piece of traditional identification...
September 11, 2017
When it comes to identity verification, the (possible) devil is in the details — and the details are in the documents. As financial services become ever more digital, the identity...
February 28, 2019
Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). Begor made the confession after U.S. Representative Katie Porter, a Democrat from California, asked the CEO to share his Social Security Number, birth date, and address […]
March 07, 2018
The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft....
