Payments Dive

AUGUST 28, 2024

Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.

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Identity Theft Credit Cards Consumer 97

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

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Identity Theft Account Takeovers Best Practices Data Breach 72

Fi911

AUGUST 15, 2023

The post Scammers Leveraging ChatGPT to Commit Identity Theft: Is Better Data the Solution? However, financial institutions can leverage a blend of technology, well-devised strategies, and robust security measures. Doing this will ensure that they protect their businesses and customers against these threats.

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Identity Theft AI Bots Authentication 52

PYMNTS

AUGUST 27, 2018

To help parents protect against child identity theft, Experian is rolling out a Child ID scan. The service comes as 1 million children had their identities stolen last year, and Experian has designated Saturday (Sept. 1) as Child Identity Theft Awareness Day, the company said in an announcement.

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Identity Theft Social Security Consumer Protection Credit Cards 40

PYMNTS

FEBRUARY 10, 2017

a leading provider of identity theft protection, it has created the most comprehensive consumer digital safety platform to help people protect their information, identities, devices and families. With more people shopping online and sharing their lives on social media, identity theft is at an all-time high.

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Identity Theft Social Security Breach Returns 43

FICO

AUGUST 1, 2019

With the rapid rise of data breaches around the globe, the fear of identity theft is at an all-time high. What does it have to do with identity theft? Just yesterday, I received an anxious phone call from my neighbor asking what she should do to protect herself. But why did I suggest this service to my neighbor?

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Identity Theft Credit Cards Account Takeovers Data Breach 40

Fintech Finance

AUGUST 28, 2024

However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft. report falling victim to online identity theft, with two in five reporting that an incident resulted in accounts being opened in their name.

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Identity Theft Online and Mobile Banking Consumer Payments Trends 101

The Paypers

OCTOBER 23, 2018

(The Paypers) Analytics company SAS has joined forces with ThreatMetrix to help creditors establish the identity behind online credit applications, while fighting identity theft and synthetic identity fraud.

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Identity Theft 31

Finezza

MARCH 4, 2024

To keep up with the pace, lenders are seeking cutting-edge solutions to help deal with modern challenges, such as identity thefts, while ensuring seamless user experiences. The rapid transformation of the financial sector demands innovative digital solutions. Virtual credit cards (VCCs) have emerged as a transformative tool.

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Credit Cards Identity Theft On-Demand Innovation 98

Basis Theory

DECEMBER 12, 2023

It also brings some significant challenges to both, including the friction of extra steps in the payment process, the sometimes-confusing user experience, and the risk of unanticipated fraud through identity theft in the initial 3DS registration (particularly the activation-while-shopping, or AWS step).

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Identity Theft Consumer Credit Cards Acquirers 100

The Paypers

FEBRUARY 23, 2024

Telecommunications operators Cell C , MTN , and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.

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Identity Theft API 78

The Paypers

SEPTEMBER 20, 2018

(The Paypers) Distilled Analytics and Shyft Network have partnered to deliver biometric identity solutions leveraging blockchain technology, AI and advanced analytics to combat identity theft.

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Identity Theft Blockchain AI Technology 28

Finezza

DECEMBER 10, 2023

As identity theft remains a constant concern, virtual card numbers provide a secure alternative for online transactions, offering peace of mind while simplifying payments. According to Juniper research, virtual card transactions are projected to reach 175 billion by 2028.

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Credit Cards Identity Theft Research Transactions 98

The Paypers

APRIL 26, 2018

(The Paypers) A new Cifas report has revealed record levels of identity theft in 2017, as criminals set their sights on new targets.

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Identity Theft Continuity 28

The Paypers

OCTOBER 9, 2023

Trulioo , a global identity verification platform, has announced new research showing that 79% of responding organisations have experienced defrauding, extorting or stealing money.

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Identity Theft Verification Research 41

The Paypers

JANUARY 5, 2018

(The Paypers) A new McAfee study has revealed that despite the awareness of the need for cybersecurity, only 37% of individuals use an identity theft protection solution.

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Identity Theft Cybersecurity 28

The Paypers

OCTOBER 20, 2023

Australia-based fintech has Data Zoo expanded to the North American Market by leveraging a US patent to deliver digital identity solutions for banks and prevents identity theft.

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Identity Theft FinTech 73

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. Beyond the inconvenience of mailing a paper check, there is an increased risk of identity theft.

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ACH Checks Identity Theft Payments 88

The Paypers

APRIL 7, 2017

(The Paypers) The Breach Level Index released by Gemalto has revealed that in 2016 identity theft was the leading type of data breach, accounting for 59% of all data breaches.

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Identity Theft Data Breach Breach Accounts 28

PYMNTS

JUNE 22, 2020

The company said associates with active cards will be given credit and identity theft monitoring services, courtesy of privacy technology company ID Experts. Also, the FBI has been called to assist with finding out the perpetrator.

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Identity Theft Ransomware FBI Enrollments 102

The Paypers

AUGUST 5, 2016

(The Paypers) An analysis by credit checking company Experian has discovered that almost one in four people targeted by identity theft attempts in 2015 were highly tech-savvy users of mobile.

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Identity Theft Risk Checks 28

Clearly Payments

JULY 16, 2024

Medical Identity Theft: Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements. million cases of medical identity theft, resulting in $41 billion in losses. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% In 2023, there were over 2.3

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Risk Identity Theft Phishing Account Takeovers 52

The Paypers

MARCH 8, 2016

(The Paypers) One of the Internal Revenue Service’s tools for fighting identity theft has become susceptible to identity thieves.

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Identity Theft IRS 28

The Paypers

APRIL 1, 2024

FICO has released a research that highlights the concern of Indonesians over identity theft amidst increased risks posed by real-time payments.

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Research Identity Theft Real Time Payments Risk 45

Payments Source

JULY 20, 2018

The regulatory relief law passed this spring contained a measure to stop synthetic fraud, but the provision is incomplete.

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Identity Theft Laws Credit Cards 63

The Paypers

APRIL 22, 2016

(The Paypers) An AICPA survey has revealed that half of the 1,005 US adults surveyed said it was at least somewhat likely they would lose money to identity theft in the next period.

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Identity Theft 28

Payments Source

NOVEMBER 4, 2018

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

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Identity Theft Credential Security Accounts 97

Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

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Identity Theft Data Breach Breach Privacy 77

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like….

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Identity Theft Rules Verification Accounts 40

PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Deep Dive: Enlisting AI And Biometrics In Response To Widespread Digital Identity Theft.

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Identity Theft AI Federal Trade Commission Verification 98

The Fintech Times

NOVEMBER 19, 2024

This shift is largely driven by FaaS platforms and widely available fraud tools, which provide a range of services to facilitate cybercrime, including identity theft, account takeovers, and financial fraud. Anyone can access the resources needed to launch fraudulent schemes, regardless of their technical expertise.

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Deepfake APACS Account Takeovers Identity Theft 64

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected.

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Deepfake Identity Theft Consumer Verification 69

Fintech News

JULY 10, 2024

By partnering with local resellers, Sumsub aims to provide robust verification solutions to businesses in these key markets, helping them meet compliance standards and combat fraud and identity theft effectively. Sumsub established its first APAC headquarters in Singapore in July 2023.

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Identity Theft APACS Deepfake Money Laundering 95

The Paypers

AUGUST 28, 2019

(The Paypers) Malaysia has launched a national biometric digital identification platform that will allow its 32 million residents to conduct online operations in ‘a safe and seamless manner’

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Identity Theft 40

The Paypers

OCTOBER 17, 2023

Australian Payments Plus (AP+) has announced the launch of ConnectID for Australia's businesses and consumers aiming to reduce fraud and identity theft.

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Identity Theft Consumer Payments 36

Payments Source

APRIL 25, 2018

More fraudsters are seeking out children for identity theft, highlighting another danger of the digital economy.

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Identity Theft Economy Debit Card Credit Cards 82

Payments Dive

OCTOBER 22, 2020

And fraudsters buy this data to commit synthetic identity theft. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.

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APACS Identity Theft Data Breach Breach 76