Identity fraud RSS
More than 1.25 million children in the United States fell victim to identity fraud and theft in the past year, costing the average affected family more than $1,100. The topic... read more
The post Child identity fraud costs nearly $1 billion annually appeared first on Payments Cards & Mobile.
The 2021 Identity Fraud Study reveals a daunting new threat to consumers and businesses: identity fraud scams. While total combined fraud losses climbed to $56 billion in 2020, identity fraud... read more
The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... more
The post Identity fraud losses increase 15% as consumer out-of-pocket costs more than double appeared first on Payments Cards & Mobile.
We can no longer rely on personal data alone to confirm user identity online. Databases are now so routinely hacked into, compromised and distributed to criminals over the dark web... more
The post Data breaches are making online user identity difficult – We need a better approach appeared first on Payments Cards & Mobile.
Cifas, the UK’s fraud prevention service, has released an alarming picture of fraud in the UK with the release of Fraudscape, the annual publication of its data that identifies and... more
The post New annual figures show UK fraud continues to rise appeared first on Payments Cards & Mobile.