The Identity and Beyond Blog

An enormous amount of sensitive information including Social Security numbers (SSNs) for millions of people could be in the hands of a hacking group after a data breach and may have been released on an online marketplace. Earlier this year the hacking group USDoD claimed it had allegedly stolen 2.9 billion records for citizens of…

Fraud analytics are critical in the battle against financial fraud for banks, financial institutions, insurance companies and more. Analytics tools provide data that allow businesses to detect and deter fraudulent activities, such as payment fraud, while monitoring activity and ensuring customer security. By staying proactive and employing fraud analytics, businesses can: Identify suspicious behavior Enable…

Fraud detection is a critical concern for many industries, from financial institutions to gaming operators, as the threat of identity theft and fraudulent activities become more common. And unfortunately, some older or traditional detection systems are becoming ineffective against fraud and cybercriminals. However, artificial intelligence (AI) and machine learning (ML) models are able to put…

Address verification is one of the easiest and most effective ways to bolster your company’s security. This process involves gathering address information, verifying correct addresses and flagging accounts that are not using valid addresses. Thanks to modern technology, you can efficiently verify addresses in the background while performing other identity checks. Address verification is important…

Identity fraud is a major concern for any company, particularly for those in the financial industry. One scam you need to guard against is synthetic identity fraud, a fast-growing type of identity theft that uses a combination of real and fake information. Sometimes known as Frankenstein IDs, criminals create these fake identities by stitching together…

If you’re confused by all the identity verification solutions on the market and how they’re different, you’re not alone. With everyone claiming to have the fastest and most accurate solution for helping you know and trust your customers, it can be hard to decide which one is really the best. The technical jargon makes it…

Financial crime risk management is the proactive identification and management of risks associated with financial crimes. It is a critical component of any financial organization’s operations and is essential for reducing an organization’s vulnerabilities, as well as managing its overall risk appetite. Financial crime risk management should be a regular practice for financial services organizations…

Cyberattacks are on the rise, and the threat of stolen personal information and identity theft has never been greater. Businesses and individuals alike must stay vigilant against cybercriminals. One of the most significant threats is identity spoofing. Identity spoofing involves cybercriminals pretending to be someone else to deceive victims into sharing information. Recognizing the warning…

Bots are autonomous programs on the internet. In the hands of fraudsters, they have become a serious menace, as they are capable of creating fake accounts, signing into existing accounts using stolen credentials, leaving comments on social media posing as an actual human, and much more — all at frightening speed and scale. Businesses use…

In an era where technology is the foundation of everything we do, the rise of deepfakes and identity theft presents significant challenges for college students and the institutions that serve them. As these threats evolve, higher education institutions must adopt comprehensive strategies to protect their students and themselves from fraud. This involves not only educating…

With the dramatic rise of criminals using generative AI to defraud companies, it’s not just banks and financial services organizations who are at risk. Companies in the travel and hospitality industry — and their customers — are increasingly suffering from fraud attacks. Meanwhile, 75% of travelers say they’d rather use biometrics in place of passports…

As the payments industry grapples with increasingly sophisticated fraud technologies such as deepfakes and generative AI, the importance of collaboration across sectors is gaining recognition. Financial institutions, ecommerce sites, government agencies and others are realizing that cooperation and sharing of fraud data can drastically reduce crime and financial losses. Let’s take a closer look at…