Fraud & Identity Management
With the upcoming changes to overdraft fee policies coming to the banking industry July 1st, courtesy of the Federal Reserve, banks and credit unions...
I often provide fraud analyses to clients, whereby they identify fraudsters that have somehow gotten through the system. We then go in and see...
In case you’ve never heard of it, a Babel fish is a small translator; that allows a carrier to understand anything said in any...
We’ve blogged about fraud alerts, fraud analytics, fraud models and fraud best practices. Sometimes,though,we delude ourselves into thinking that fraud prevention strategies we put...
Well, in my last blog, I was half right and half wrong. I said that individual trade associations and advocacy groups would continue to...
By: Kristan Frend I recently gave a presentation on small business fraud at the annual National Association of Credit Managers (NACM) Credit Congress. Following...
Well, here we are about two weeks from the Federal Trade Commission’s June 1, 2010 Red Flags Rule enforcement date. While this date has...
I received a call on my cell phone the other day. It was my bank calling because a transaction outside of my normal behavior pattern...
By: Ken Pruett I want to touch a bit on some of the third party fraud scenarios that are often top of mind with...
There seems to be two viewpoints in the market today about Knowledge Based Authentication (KBA): one positive, one negative. Depending on the corner you...
When a client is selecting questions to use, Knowledge Based Authentication is always about the underlying data – or at least it should be. ...
My last entry covered the benefits of consortium databases and industry collaboration in general as a proven and technologically feasible method for combating fraud...
There was a recent discussion among members of the Anti Fraud experts group on LinkedIn regarding collaboration among financial institutions to combat fraud. Most...
By: Ken Pruett I thought it might be helpful to give an example of a recent performance monitoring engagement to show just how the...
Meat and potatoes Data are the meat and potatoes of fraud detection. You can have the brightest and most capable statistical modeling team in...