Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. The new Synthetic ID Fraud Alert is designed to detect synthetic ID behaviors and help dealers guard against fraudulent transactions earlier in the finance and insurance (F&I) process,...
These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. The panic is...
Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break into houses and steal valuable items during the wake or funeral. But like most analog businesses, this criminal model has gone digital. Today,...
It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. But some criminals are going a step further – essentially pretending to be legitimate consumers. It even comes down to the use...
March 27, 2020
These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. The panic is also spurring people into all manner of financial activity — […]
April 25, 2019
Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break into houses and steal valuable items during the...
March 01, 2019
It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. But some criminals are going a...
September 28, 2017
Familiarity doesn’t breed contempt in payments security; it builds breaches — the kind that linger and cost billions of dollars in losses tied to fraud. The synthetic ID may be fraudsters’ weapon of choice these days,...
February 02, 2024
Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. The new Synthetic ID Fraud Alert is designed to detect synthetic ID behaviors and help dealers guard against fraudulent transactions earlier in the finance and insurance (F&I) process, the company said in a Friday (Feb. 2) press release. “As […]
