Identity fraud RSS

A recent rise in fraudulent Apple Pay transactions raises concerns among security analysts that the service’s simplicity may be a major weakness. Users only have to open the app on smartphones and enter a credit card number, the expiration date, and the verification code, and then Apple scores those users as safe or risky according [...]

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Recorded fraud victims increased by 25% last year, according to the latest report from the UK fraud prevention service, Cifas, published today. In total there were 276,993 frauds recorded in 2014, compared to 221,075 in 2013. The single biggest threat continues to be identity fraud – 41% of all frauds recorded in 2014 fall into [...]

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Experian has revealed that fraud detection rates have increased during the past year*, with around 50 frauds now being detected per 10,000 cases during Q4 2014 – compared to 40 frauds detected per 10,000 cases in Q4 2013. Experian’s annual fraud report also reveals a marked shift in the level of third-party or identity theft – when [...]

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Javelin Strategy & Research have published its 2015 Identity Fraud Study. 2014 was a mixed year in the fight against identity fraud, with some advances and some setbacks. The study found that fraudsters stole $16 billion from 12.7 million US consumers last year. With a new identity fraud victim every two seconds, there is still significant [...]

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