April 2025

It’s raining, it’s pouring, the fraudsters are...definitely not snoring! New policies and data breaches collide with incredible AI and undetermined fraudsters to make spring fully sprung. 

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. 

Social Security Implements Anti-Fraud Measures for Telephone Claims. Here’s What to Know. 

Takeaway:  Social Security will now conduct an anti-fraud check on all phone applications for benefits and flag claims that could be fraudulent. 

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Social Buzzes with ChatGPT-generated Passports and ID Cards

Takeaway: Polish engineer and investor raised eyebrows in the security industry this week by generating a fake passport using ChatGPT.

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Montgomery County Man Charged with Writing Hundreds of Fake Life Insurance Policies 

Takeaway: An insurance agent from Glenside created hundreds of phony policies to make over half a million dollars in commissions in just a year. 

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Hertz Says Customers' Personal Data and Driver's Licenses Stolen in Data Breach

Takeaway: Car rental giant Hertz has begun notifying its customers of a data breach that included their personal information and driver’s licenses. 

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Fake Student Aid: California Colleges Detect More Fraudsters Stealing Millions

Takeaway: Scammers have stolen more than $10 million in federal financial aid from California’s community colleges in the last 12 months — more than double what they stole in the prior year.

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Addressing the Growing Threat of Identity Fraud in the Telcom Sector

The telecom industry is seeing a rise in identity fraud, with emerging tactics exploiting vulnerabilities in telecom infrastructure. This is particularly concerning in developing markets and with the ongoing rollout of new 5G networks, where the surge in connectivity introduces new risks. Cybercriminals are becoming more sophisticated, using advanced techniques to infiltrate systems and commit fraud. 
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AI is Upping the Ante: Mitigating Account Takeover Risks in the Financial Sector

In the endless pursuit to detect and prevent fraud with better accuracy and precision, online merchants must employ a multi-pronged approach to help distinguish between a legitimate customer action and those initiated by bad actors. One such mechanism is velocity checks, which allow online sellers to monitor transaction patterns, account sign-ups, and login activity for suspicious behaviors. 
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AI-Powered Fraud: Redefining the Identity Threat Landscape

In this episode of the Security Matters podcast, host David Puner is joined by Blair Cohen, Founder and President of AuthenticID, to discuss the evolving identity threat landscape. They explore the rise of synthetic fraud, the role of biometric authentication and how AI-driven security is reshaping the fight against cybercrime.
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