FICO

AUGUST 16, 2019

It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group. The Relationship Between Credit Risk and First-Party Fraud. Credit Risk and Fraud Across the Customer Lifecycle.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

FICO

MAY 27, 2022

Identity theft is one of the key drivers for the soaring levels of application fraud. In Europe specifically, organizations have seen a significant rise in identity theft over the past year. Those that do have a solution often find that it is disconnected from the systems used for originations and customer management.

Identity Theft 52

Identity Theft Origination Use Case Checks 52

Synapse Payment Systems

NOVEMBER 9, 2022

If a person falls victim to identity theft or fraud, chargebacks provide a simple way to dispute purchases they didn’t make and recover their money. Businesses lose the revenue from the original sale and may also be charged a fee by the merchant account provider. Yet many customers initiate chargebacks for other reasons.

Disputes 130

Disputes Card Issuer Payments Returns 130

FICO

MAY 17, 2019

Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web. Fight identity fraud across the customer lifecycle. Address the continuum of credit risk and fraud.

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

Risk 82

Risk Fraud Detection Assessments Origination 82

FICO

FEBRUARY 28, 2018

In the area of account originations, our credit risk and fraud scores are designed to be a tool to assist lenders with compliance to applicable fair lending laws such as the Fair Credit Reporting Act, Regulation B, and the Equal Credit Opportunity Act (ECOA). Best Practices in Establishing Your Fraud Risk Appetite.

AI 69

AI Best Practices Identity Theft Account Takeovers 69

FICO

SEPTEMBER 18, 2018

Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘should we extend credit to this(these) individual(s)?'. To answer that, there are more underlying questions: Does the application meet with credit policy - do we think they can afford to repay?

Fraud Detection 51

Fraud Detection Best Practices Automation Checks 51