13 Things Only OldTime Fraud Managers Can Appreciate
Cigarettes, gun slinging and messing around with fax machines – such was the life of a fraud professional back in the good old days. And by good old days, I’m talking about the ’90s. Not the 1890’s – the 1990’s – many years ago. All you young hip fraud managers have no idea how good […]
The Website All Synthetic Identity Fraudsters Use
I stumbled across a website that is used by anyone trying to build a synthetic identity. That’s right. And, it’s not on the dark web. It doesn’t require some special browser or password and is available to anyone – including you. Scores of tutorials on “How to Make your Own CPN” can be purchased and […]
Check Fraud Now Fueling More Violent Postal Crimes
Postal workers are increasingly becoming the targets of violent crime; – robbed at gunpoint for their postal keys. An alarming rash of robberies occurring in hot spots like Georgia, Washington DC, Texas, and other states has postal employees in those areas on high alert. Their USPS keys which can unlock those blue postal boxes are […]
FTC Says It’s Game Over For The Credit Game
They have close to 500,000 subscribers on their popular YouTube channel and are one of the most popular credit repair companies in the US. They claim to have generated over $15 million in revenue from their services. But, The Credit Game is accused of illegally charging consumers for credit advice, filing false ID Theft Reports […]
Property Deed Fraud Is On The Rise as Values Soar
Property values nationwide are soaring and that has con-artist, thieves and scammers licking their chops trying to cash in. And many of those thieves are resorting to property deed fraud to steal properties right from under an owners nose. The scam is quite simple. A fraudster steals your identity, then forges your name on a […]
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 […]
Don’t Ever Let Them Take Your Fraud Fighting Spirit
You were born to do this. You live for it. You’re a fraud fighter and you always have been. Whether you’re an investigator, fraud analyst, fraud manager, or fraud technology creator you love your job. You bounce up out of bed in the morning ready to make a difference; ready to stop some bad guys […]
Fraud Staff Behaves Badly, Then Gets Fired By ID.me
An interesting report released by Yahoo News, revealed that ID.me fired 39 employees over the past week for inappropriate communications. That represents about 50% of their fraud team. Fraud Analyst Behaving Badly When questioned, ID.me said that some customer support staff were separated from the company “for inappropriate internal communications” that showed disrespect for colleagues […]
Synthetic ID Fraud Accounts for 85% of All ID Theft
Check out this interesting video which features Naftali Harris, co-founder of SentiLink, detailing out the felony crime of Synthetic Identity. One statistic here caught my eye. Did you know that synthetic identity now represents about 85% of all identity theft frauds here in the US? Sentilink has done a good job of drawing attention to […]
Watch This Couples Credit Card Fraud Go Horribly Wrong
This couple tried to use a stolen credit card in a convenience store but got caught. Watch what happens when the police were called. Things escalate quickly.
How Innys Are Used To Swap Sims at Major Carriers
What is an Inny? The first time I noticed it was about a year ago. At the time, an advertisement for fraud services on telegram caught my eye. “T-Mobile Inny available now DM for Sim Swaps”. I had never heard the term “Inny” but based on the telegram post it was obvious what they meant. […]
Watch This Fraud Analyst Use Math to Detect Fraud
This is a great video explaining how Fraud Analysts examines patterns of fraud to detect data breaches. This was a fairly large data breach at Ticketmaster that this computer scientist detected well before it was announced. This young analyst looks about 17 years old but so knowledgeable in fraud patterns!
Victim Tracks Down Fraudster And Gets Him Arrested
Rosneil Gonzalez stole the wrong credit card from the wrong woman. A brave woman decided to fight back and refused to let him get away with his dirty deeds done dirt cheap. He was arrested yesterday after a victim of credit card fraud started receiving fraud alerts from her bank from a nearby WaWa Gas […]
Their Boss Stole Their Identities, Now They’re Pissed
It’s always frustrating when someone steals your identity, but what if your boss did? Wouldn’t that add insult to injury? Well, that’s exactly what happened in this case. Reddit user Tronlon, recently published a post My boss opened a credit card in my name and did the same thing to 2 coworkers. It detailed how […]
Congress Launches Investigation Into ID.me
In a sweeping letter to ID.me, Congressional lawmakers demanded records about its contracts with states as well as information about the accuracy of the technology and how they store sensitive customer data. The letter which was released by the Washington Post earlier today details the concerns that lawmakers have about ID.me and their rapid rise […]