Fall has arrived with a whirlwind of hurricanes and a presidential election on the horizon. While we face these challenges, fraudsters are busy honing their tactics. Now more than ever, it's time for us to stand together as Fraud Fighters!
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.
New Anti-Money Laundering Requirements for Investment Advisors
Takeaway: On September 4, 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network published a final rule imposing AML and CFT requirements on certain U.S. Securities and Exchange Commission-registered investment advisers and exempt reporting advisers.
Takeaway: Criminals may try to obtain money or steal personal information through fraud or identity theft by applying for FEMA assistance with stolen identity information.
American Voters Have More Political Fraud to Deal with Than Ever Before, Surveys Show
Takeaway: With under a month until Election Day, scammers are spreading misinformation through text, robocalls, and links to trick Americans into contributing funds to fraudulent sites.
Half a Billion Will Regularly Use Digital Identity Wallets Within 2 Years: Gartner
Takeaway: Digital identity wallets are gaining traction with consumers, with 500 million smartphone users regularly using them by 2026, according to research from Gartner.
Takeaway: Although preliminary reports suggest auto theft in Canada is decreasing in 2024, another issue of concern is emerging for auto insurers: a surge in fraudulent credit applications.
Fortifying Your Organization Against AI-Driven Attacks
Injection attacks have surged in the past year, and the need for better tools and more robust security measures has never been more critical. Continue reading ...
Cybersecurity Resilience: Overcoming Talent Shortages in the Digital Age
As security threats continue to increase, new jobs are being created to meet the rising demand to defend against them. However, a lack of cybersecurity professionals is making it difficult to stay one step ahead of bad actors. Continue reading ...
Smart ReAuth™ is AuthenticID's reauthentication solution that leverages a selfie to re-confirm an identity. Smart ReAuth's biometric-based approach offers customers defense against AI-based attacks, account takeovers, and more- with a one-second response time for instant verification.
