Want to Stop More Fraud? Look at Your Defaults.
Are you looking to stop more fraud in your company? If you are, than you might not need to look any further than your credit losses to find the real opportunity. Based on industry studies there are mountains of fraud losses sitting in credit loss buckets at financial companies. It’s not million of dollars. It’s […]
Social Security Numbers Only Cost $4 On The Dark Web
Your Social Security Number and personal information may not be worth as much as you think. Atlas Investigation recently completed a 2-year study of market prices for Personally Identifiable Information (PII) on the Dark Web and found that the average price for your most protected information sells for an average of just $4 And it […]
Fraud Fighters – How to Spot a Liar
The average person is lied to 100 to 200 times a day according to Pamela Meyer, Author of LieSpotting – Proven Techniques to Detect Deception. The two patterns of deception are related to speech and expression. In this book you can learn to detect these patterns and become a LieSpotter. Check out Pamela talk about […]
You May Lie, Your Mouse Cannot
Did you know that how you use your mouse can say a lot about you? It can and it seems to be particularly powerful in detecting if you are lying. Researchers at the University of Padua made an interesting discovery when tracking mouse movements of survey respondents. They tracked the both the speed and error […]
Mortgage And Auto Fraud Share Similar Patterns of Lies
Lies, lies, lies. That is always the case with fraud. And PointPredictive, the company I work for, just released analysis that finds that mortgage and auto fraud lies follow very similar risk patterns. Scoring Applications with Fraud Models Detected High Levels of Early Pay Default (EPD) The study found that by scoring auto loan applications with models […]
Read Letter Employee Sent Warning Wells of Fraud
An employee sent this letter to the CEO of Wells Fargo.
Jaime Dimon is Ringing The Warning Bell on Auto Lending
For two years, I have been watching Auto Lending go through one of biggest growth spurts in history. And it certainly looks like it is peaking. This last quarter outstanding Auto Loans increased to over 1 Trillion and marked one of the best quarters in history. Everything is good right? Not quite. And definitely […]