8 Risk Factors That Can Predict Identity Theft
I enjoy working on different types of fraud models with data scientist. Analyzing data and patterns and then building models that can detect things like Card Fraud, Mortgage Fraud, First Party Fraud, Check Fraud, Auto Fraud and Payment Fraud. To create models you first have to analyze lots of data and find “risk factors” or […]
How Someone Stole My Photographic Identity
I work in fraud management. I help banks and companies prevent fraud such as identity theft where someone steals their customers information, poses as them and then proceeds to sack their credit cards and bank accounts for everything in them. But a few years ago, I rann into an altogether new problem – Photography Identity […]
DOJ Is Slamming Identity Thieves in Jail for 2 Years
Did you know that if you get caught speeding in a school zone, you’ll get a double or even triple fine? So if a speeding ticket would normally cost you $100, if you speed in the wrong place it could run you $200 or $300. It’s designed to make you think twice about speeding around […]
5 Things Banks Should Do To Stop Synthetic Identity Fraud
The Federal Reserve calls synthetic identity fraud the fastest growing financial crime in the US. It boggles the mind that something so ridiculously simple as using a stolen Social Security Number and combining it with a different name and address could lead to such a rampant crime. I mean, shouldn’t we be able to stop […]
Video Shows You How to Use Fraud to Create Legal CPN!
The video states that you can create a legal CPN by following the steps provided. But as the video goes on, it becomes clear that they are instructing you how to create a new synthetic identity credit profile by hiding your true identity from the bureaus. Most shocking of all is that the video shows […]
Synthetic Fraudsters Go On Buying Spree for 90 Cars
Arsenio Stanley Pierre and Marcus Darren Ginyard decided to go on a shopping spree for cars after creating synthetic identities that they thought were foolproof. They tried to carry out an extravagant scheme using fraudulent social security numbers, drivers licenses and employer information. In all, they successfully financed 37 cars and attempted 90 thefts in […]
Congress Strikes Back at Synthetic Identity Fraud
Congress is striking back and fraudsters that steal children’s social security numbers to perpetrate synthetic identity fraud. The U.S. House of Representatives approved a new law that U.S. Reps. Carlos Curbelo (R-FL) and Randy Hultgren (R-IL) led to stop synthetic ID fraud in which children’s identities are commonly stolen and used by scammers to create […]
9 Florida Players Accused of Credit Card Fraud
9 Florida Gator Football players are facing 62 separate counts of credit card fraud after being accused of using stolen credit cards to make lavish purchases at the University Book Store. The players charged with the fraud scheme were not benchwarmers but included stars like receiver Antonio Callaway and running back Jordan Scarlett. The players […]
This Fraudster Opened 8,000 Accounts, Made Millions!
Forty-six year old Kenneth Gilbert Gibson of Reno Nevada opened 8,000 fraudulent accounts in a scam for the ages. His accounts included fraudulently opened PayPal credit accounts, bank accounts, and prepaid credit and debit card accounts he created with stolen identities. After opening the 8,000 accounts, he used the accounts to transfer, $3.5 million to himself […]
A Growing Threat To Auto Lenders – Synthetic Identity
A great article by Hannah Lutz appeared in Automotive Times this week about the growing problem of synthetic identity fraud. You can check out the article here – The Growing Problem of Synthetic Identity Fraud The real danger to synthetic identity is the fact that they can flow through a lenders approval process and get […]
IRS Bolsters Refund Fraud Defenses, This Year
Fraud is a cat and mouse game. The mouse has one for many years, but it appears the cat may have turned the tables. By Cat I am referring to the IRS and by mouse I am referring to the fraudsters that have plagued them with fraudulent tax returns. IRS Tax Refund Fraud has been the […]
Retailers Alerting Consumers About Reused Passwords
50% of consumers use the same password on their Facebook accounts, that they do on their Linkedin accounts and other services such as Uber, Amazon and Netflix. This is a real bad idea. A horrible idea actually, which puts consumers at heightened risk of identity theft, banking fraud and online fraud. How bad of an […]