5 Reasons Why You Should Never Sell Your Tradelines
Tradeline selling is gaining popularity as a side hustle. In fact, Side Hustle Nation says it can make you $1,000 a month for doing practically no real work. But is it worth it? Is this really a dream side hustle where you can make lots of money for nothing? The answer is no. Selling authorized […]
Using CPN’s Are Landing People in Jail
A recent expose on CPN use by NBC’s Scott Friedman shows how the seedy element of the credit repair business is landing some consumers of their services in jail. The investigation focuses on one consumer – Swatisha Keith. All that she wanted was a better life with better credit to help buy things she needed […]
The Woz Gets Defrauded Out of His Bitcoin
Steve Wozniak had 7 bitcoin stolen from him through a credit card fraud scheme. The co-founder of Apple computer explained how he lost the bitcoin to a clever fraudster that conned him out nearly $100,000 by paying him with a phony credit card and then canceling the payment when the bitcoins were transferred. He Wanted […]
Synthetic ID Fraud is Hot, But Think Bigger
As fraudsters become more sophisticated, more types of fraud are affecting auto finance. But rather than put the bulk of resources into emerging fraud types, auto lenders should develop a holistic approach to fighting fraud, experts say. “There is a tendency for lenders to react to the fraud of the moment,” which for now is […]
11 Companies That Teach Machines To Detect Fraud
Machine Learning for fraud is big business. Particularly here in San Diego where companies like HNC Software pioneered the use of it over 20 years ago to solve the problem of credit card fraud when there were few fraud detection solutions available. Since HNC, many other companies have sprouted up using machine learning to […]
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 […]
How Cameras Helped Hackers Raise A Big Robot Army
It isn’t often that your hobby and your career collide but recently that is just what happened to me. Photography is my hobby. Fraud and Security management is my profession. So when I learned that cameras were used to launch one of the largest cyber attacks in history, I was intrigued. It All Started with […]
How Rich Kids of Instagram Help Investigators
Yachts, champagne, cars, closets full of Gucci Bags and excessive glamour. If you haven’t checked out Rich Kids of Instagram you need to now. Rich Kids of Instagram might make your blood boil as you browse through picture after picture of entitled teens shamelessly sharing their excessive worth. They have more money than you will ever […]