Identity fraud and identity theft

AARP Virginia shares 2024 fraud totals

Fraud reached unprecedented levels in 2024, with a staggering $12.5 billion lost, a shocking increase of 25% over 2023. The number of reports remained stable from 2023 to 2024, but the percentage of reporters who had money stolen jumped from…

SentiLink Releases New Fraud Trends Report for 2H 2024, Analyzing over 100 Million Financial Applications

New benchmark report reveals sharp rise in identity theft, evolving fraud tactics, and impactful fraud ring activity in hot spots around the U.S.

Identity fraud and identity theft

Identity theft and identity fraud has become unavoidably more widespread and can be expected to increase in the future. Some of the most affected industries are financial services, including crypto asset providers, fintech, remote gaming operators along with online media platforms, professional services, healthcare and transportationTo understand the difference, Identity theft is when a perpetrator...

X-Press Legal Services Tackles Rising Fraud with Upfront ID Checks | Today's Conveyancer

X-Press Legal Services Tackles Rising Fraud with Upfront ID Checks: X-Press Legal Services has unveiled a powerful new safeguard within its Quotation Management Platform (QMP) in response to a record-breaking surge in UK id

A Well-intentioned Cashback Program Caused an Increase in Fraud-Here's What Happened

We all know that loyalty programs and reward systems like cashback in e-commerce are great tools to encourage repeat purchases. We aimed to increase the frequency of purchases by paying our premium users cashback earlier than they normally do within 15 days. However, this well-intentioned move led to an unexpected result: Increased Fraud! In this article, I will talk about our A/B test that we ran and the unexpected result we observed in user be…

Digital fraud is booming and has become a growing concern for users all over the world. As technology progresses, cybercriminals find new ways of violating the security of personal data and committing more and more scams. In 2023, more than 400,000 computer frauds were recorded in Spain, a considerable increase of 27% over the previous year. Among the most used techniques was the impersonation of identity, through the theft of the identity of an…