Insights » Prevent Fraud

Powered by Equifax

  • Signs Point to Income Verification as Key Fraud Mitigation Tool for the Canadian Mortgage Industry

    Situation Home Capital Group, a Canadian holding company based in Toronto, cut ties with dozens of brokers for falsifying income documentation related to nearly $1 billion worth of single-family...

    Read Article
  • How Businesses Balance Convenience and Digital Security

    How Businesses Balance Convenience and Digital Security

    First, the good news: digital commerce is living up to its promise. Consider these numbers: 52% of all e-commerce traffic globally is from a mobile device[1] While 31% of orders are placed on...

    Read Article
  • What is A Federated Digital Identity?

    What is A Federated Digital Identity?

    A federated identity is the result of linking a consumer’s digital identity and the attributes, which are stored across multiple, unrelated identity management systems. This digital identity can...

    Read Article
  • Digital Identity Packs a One-Two Punch (of Benefits) for Digital Consumers.

    Digital Identity Packs a One-Two Punch (of Benefits) for Digital Consumers.

    While brick-and-mortar locations will never fully disappear, consumers continue to make their smartphones the channel of choice for shopping and banking. Research shows that 60% of online store...

    Read Article
  • Synthetic ID Fraud: Understand It, So You Can Stop It

    Synthetic ID Fraud: Understand It, So You Can Stop It

    Communications, Energy, Digital Media Providers Face New Challenges Online and mobile-based platforms are changing how fraudsters operate. These faceless channels have enabled them to move past...

    Read Article
  • Is This New Type of Fraud Costing You Millions?

    Is This New Type of Fraud Costing You Millions?

    Much of the identity fraud we hear about is based on completely fictional, made-up identities. Synthetic ID fraud is different. It’s when a fraudster pieces together bits and pieces of real...

    Read Article
  • Are We Really at Full Employment?

    Are We Really at Full Employment?

    The idiomatic phrase that enters in so often in economic discussions is that we are at full employment because the unemployment rate is low. While it’s true that we are at an unemployment rate...

    Read Article
  • When It Comes to Digital Identity, the Sum is Greater than its Parts. Three Key Ingredients for Comprehensive Digital Identity.

    When It Comes to Digital Identity, the Sum is Greater than its Parts. Three Key Ingredients for Comprehensive Digital Identity.

    Three Key Ingredients for Comprehensive Digital Identity Every day, consumers perform tasks using digital devices. Scheduling dinner with friends. Ordering birthday gifts. Checking bank balances....

    Read Article
  • Best Practices for Fighting Synthetic Identity Fraud

    Best Practices for Fighting Synthetic Identity Fraud

    Synthetic identity fraud is a well-organized activity of fraud rings looking for ways to create and then nurture fake identities over a long period of time. Fraudsters can build a synthetic...

    Read Article
  • The Digital Customer Experience is Reliant upon Instilling a Sense of Security

    Do customer expectations around the digital experience differ based on the type of request or transaction they are performing, such as basic banking, applying for a new account or loan, checking...

    Read Article
  • Credit Through the Ages: How Technology is Revolutionizing the Way We Assess Consumer Financial Behavior

    Credit Through the Ages: How Technology is Revolutionizing the Way We Assess Consumer Financial Behavior

      Today, we’re seeing exploding volumes of data and staggering advances in analytics and technology. Financial institutions now have limitless opportunities to assess and predict consumer...

    Read Article
  • Credit through the Ages: Where it all Began

    Credit through the Ages: Where it all Began

    Exploding volumes of data and staggering advances in analytics and technology provide financial institutions with limitless opportunities to assess and predict consumer financial behavior. This...

    Read Article
  • Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards?

    Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards?

    In our changing retail landscape, many stores are closing and retail chains head into bankruptcy. Consumers who owe money on their private label credit card may wonder what it means when their...

    Read Article
  • The Impact of Synthetic Identity Fraud… By the Numbers

    The Impact of Synthetic Identity Fraud… By the Numbers

    What is synthetic identity fraud? Synthetic identity fraud occurs when fraudsters create new, fictitious identities by using different components of real identities – such as a name from one...

    Read Article
  • How Fraudsters Are Using Synthetic Identities

    How Fraudsters Are Using Synthetic Identities

    Pathways to Synthetic Identity Fraud Fabricated social security numbers (SSNs) and authorized user abuse are the two main pathways into synthetic identity fraud.  Fraudsters can build synthetic...

    Read Article
  • Identity verification in a digital age — Expand your view to include more consumers, and their devices

    Identity verification in a digital age — Expand your view to include more consumers, and their devices

    Practically everything’s digital these days, which can be both good and bad when you’re performing identity verification while activating a new account. The convenience can be game-changing, since...

    Read Article
  • New Tax Cuts: Immediate Impact to Credit Expected?

    New Tax Cuts: Immediate Impact to Credit Expected?

    As economists, we study the historical impacts of natural disasters, changes in government policy or actions by central banks so that we can make an educated ‘guess’ as to how the economy might...

    Read Article
  • Early Payment Performance: Changing standards?

    Early Payment Performance: Changing standards?

    Assessing early payment performance on recent vintages for key tradelines provides a good barometer for lending conditions in the current economic climate. Segmenting and analyzing tradelines by...

    Read Article
  • 2017 Resource Round-Up: Insights at Your Fingertips

    2017 Resource Round-Up: Insights at Your Fingertips

    Ready access to valuable insights delivered to your inbox in 2017 Equifax shares a number of resources created to help you grow and protect your business 2017 was an eventful year across the...

    Read Article
  • Household debt is creeping up. Cause for alarm? Not yet.

    Household debt is creeping up. Cause for alarm? Not yet.

    The latest U.S. Economic and Credit Trends Outlook webinar from Equifax featured guest speaker Cristian deRitis, Senior Director at Moody’s Analytics. In addition to the customary review of recent...

    Read Article
  • loading
    Loading More...