In a white paper released yesterday, the Federal Reserve System documented the current state of synthetic identity fraud and its effects on the payments industry.
Browsing: Identity fraud
On the latest episode of the ABA Banking Journal Podcast, CEO Brad Paige talks about “the first security enhancement that we’ve done that actually improved the customer experience.” The enhancement: digital voice authentication.
As phishing becomes a top cyber threat—with losses growing to nearly $30 million in 2017 from $8 million in 2015, according to the FBI—ABA and the Federal Trade Commission today released a new infographic highlighting this growing problem.
As the Federal Trade Commission undertakes a systematic review of all current rules and regulations, the American Bankers Association today offered feedback its identity theft rules.
For payments fraud professionals, fighting fraud can seem like a marathon with a finish line that keeps moving further and further away.
From phishing to synthetic ID theft, emerging and resurgent fraud risks are keeping bankers on their toes.
The Consumer Financial Protection Bureau issued an interim final rule making changes to two model disclosure forms — summary of consumer rights and summary of identity theft rights — to reflect changes made to the Fair Credit Reporting Act by S. 2155, the new regulatory reform law.