PYMNTS

AUGUST 8, 2019

The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches. The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Banks and CUs can improve on these efforts by also looking at how consumers transact online, Kelly said.

Credit Union 58

Credit Union Authentication Credential Assessments 58

Clearly Payments

JANUARY 8, 2024

Empowering customers to be vigilant about their own security is another key aspect. Providing educational materials, including fraud prevention tips, and encouraging the reporting of suspicious activities establishes a collaborative defense against fraud.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

SEPTEMBER 18, 2017

The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced? .

Breach 46

Breach Identity Theft Credential Authentication 46

PYMNTS

MARCH 26, 2020

Fraudsters weaponize automated bots to skim data from Axos and other financial institutions (FIs), stealing customer data such as Social Security numbers, credit card data and home addresses. “As Fraudsters typically have two options if successful: They use the stolen credentials themselves or sell them on a dark web marketplace.

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

APRIL 3, 2019

It’s a simple, familiar credential that people have relatively little problem sharing in public – at least compared to other personal data – and which ties that person to a host of verifying documentation, including addresses, dates of birth and Social Security numbers.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

MAY 31, 2018

In addition, fraudsters are banding together to share details across the dark web , ranging from static data like Social Security numbers and login details to “best practices” with which they can get around companies’ defenses.

Online and Mobile Banking 49

Online and Mobile Banking Compromise Best Practices Social Security 49

FICO

MARCH 22, 2022

The data available for purchase on the dark web can be very rich; personal information such as date of birth, email address, Social Security number / national ID and phone number are sold alongside account specific information such as usernames and passwords. Account Takeover Fraud – No Single Fix.

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

CB Insights

AUGUST 25, 2017

By nature, academic credentials must be universally recognized and verifiable. In both the primary/secondary schooling and university environments, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking). Social Security Office, to verify that a person did in fact pass.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78