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What Is First-Party Fraud?

FICO

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Traditional third-party fraud entails some form of impersonation or stolen identity, whether through stolen card credentials or someone taking over your identity.

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First-Party Fraud and the Hidden Drain on Revenues

FICO

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Traditional third-party fraud entails some form of impersonation, whether through stolen card credentials or someone taking over your identity.