Identity

GIACT® Finds Increased Risk for FIs, Businesses and Consumers as Identity Fraud Tactics Take New Forms
Identity
GIACT Finds Increased Risk for Financial Institutions, Businesses and Consumers as Identity Fraud Tactics Take New Forms

GIACT®, the leader in helping companies positively identify and authenticate customers, today announced a new report, The Changing Landscape of Identity Fraud: Fraudsters Strike Back, detailing five of the most urgent identity fraud trends. The fraud prevention specialists at GIACT developed the report using the latest analysis, reports and filings, to inform financial institutions, businesses and consumers about what challenges lay ahead.

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The Changing Landscape of Identity Fraud: Fraudsters Strike Back
Identity
The Changing Landscape of Identity Fraud: Fraudsters Strike Back

Fraud operators are increasingly using stolen, manipulated, and fabricated identities as the entry point for attacks against both consumers and businesses across the payments ecosystem. These attacks both originate from and target nearly every vertical imaginable ranging from banking, insurance and lending to e-commerce, utilities and telecom.

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Business Email Compromise (BEC): A Global Threat
Identity
Business Email Compromise (BEC): A Global Threat

Business email compromise, or BEC – defined as a fraud tactic using email to socially engineer an employee to install malware or unwittingly transfer/redirect funds into a fraud operator’s account – is an increasingly sophisticated and elusive fraud tactic. According to the FBI, BEC is a $2 billion a year business.

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GIACT® Releases Report on the Staggering Cost of Returned Mail
Identity
GIACT® Releases Report on the Staggering Cost of Returned Mail

GIACT Systems, LLC, the leader in helping companies positively identify and authenticate customers, today announced a new report, Undeliverable as Addressed: The Staggering Cost of Returned Mail and How Proactive Identity Monitoring Can Solve the Problem, on the costly problem of returned mail as a result of deficient identity management.

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Fraud Is Rapidly Evolving in 2020
Identity
Fraud Is Rapidly Evolving in 2020

Now that it’s well into 2020, we’re in the midst of a rapidly evolving fraud landscape. Gone are the days where fraudsters primarily operated in the physical world, using stolen credit cards to make transactions. Instead, as society has become increasingly digital, so have fraudsters.

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