Fraudsters are more inventive and brazen than ever. New imposter and e-commence scams have made headlines, and recently published identity theft and credit card fraud statistics show just how important it is to stay vigilant.
The Fraud Bulletin is a bimonthly newsletter that shares the latest news, resources, and expert insights on both fraud trends and the technology that is fighting fraudsters on the front line.
U.S. Marshals Service Warning Communities of Imposter Scam
Takeaway: Residents of eastern and southeastern North Carolina are being asked to stay alert of an imposter scam involving individuals claiming to be law officials.
Florida Driver's Licenses undergo Changes to Prevent Identity Theft
Takeaway: More than a million people filed identity theft reports with the Federal Trade Commission last year alone. In many cases, the crime was committed using a fake driver's license. The Florida Department of Highway Safety and Motor Vehicles is now adding another level of protection to driver’s licenses and ID cards.
Facebook Ads Lead to Fake Websites Stealing Credit Card Information
Takeaway: Facebook users are the target of a scam e-commerce network that uses hundreds of fake websites to steal personal and financial data using brand impersonation and malvertising tricks.
Identity Theft and Credit Card Fraud Statistics for 2024
Takeaway: The latest identity theft and credit card fraud statistics paint a bleak picture. There were 284,000 reported cases of identity theft and 111,000 cases of credit card fraud in the second quarter of 2024 alone.
For security professionals, the challenge lies in staying one step ahead of these evolving threats. One crucial strategy involves harnessing advanced AI technologies, such as anomaly detection systems, to outsmart the very algorithms driving fraudulent activities. In essence, they should fight AI-powered fraud with more AI. Continue reading ...
The Many Faces of Deepfakes: Defined and Detected
In the hands of malicious actors, deepfakes have become a powerful tool for identity fraud, straining traditional IDV methods, as sophisticated deepfakes circumvent facial recognition technologies. Consequently, the rates of account takeover fraud and phishing attempts have continued to skyrocket. How can you effectively identify and guard against deepfakes as they become nearly indistinguishable from reality? Continue reading ...
Join Chris Borkenhagen, AuthenticID's Chief Digital Officer, on an episode of The ID Talk Podcast. Chris offers insights on cybersecurity and biometrics, the changing regulatory landscape, and why there's no "silver bullet" for preventing attacks.
We're pleased to share the latest 2024 H1 insights on growing identity fraud threats and trends, including deepfakes and injection attacks. Plus, get actionable best practices to protect your company against potential impacts.
