Fraud & Identity Management
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...
By: Ken Pruett The use of Knowledge Based Authentication (KBA) or out of wallet questions continues to grow. For many companies, this solution is...
Conducting a validation on historical data is a good way to evaluate fraud models; however, fraud best practices dictate that a proper validation uses...
In a previous blog, we shared ideas for expanding the “gain” to create a successful ROI to adopt new fraud best practices to improve. ...
By definition, “Return on Investment” is simple: (The gain from an investment – The cost of the investment) _______________________________________________ The cost of the investment...
By: Heather Grover In my previous entry, I covered how fraud prevention affected the operational side of new DDA account opening. To give a...