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Protecting Online Transactions: The Basics of Electronic Identity Verification

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How EVS Helps Financial Services Prevent Fraud and Drive Growth 

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Legislation Introduced to Remove Social Security Number from Medicare Cards

The Social Security Number Protection Act, which was signed by President Barack Obama in December 2010, Prohibits federal, state, or local agencies from: (1) displaying the Social Security…

Child Identity Theft The Numbers

One of the most important things a person can do to combat id fraud is to monitor their credit report as a fraud prevention tool. This simple step,…

Military Health Insurance Has Knowledge-Based Authentication Information Data Breach

TRICARE, the health insurance company that provides medical coverage to military personnel, military retirees, and their dependents, reported a data breach. The Science Applications International says the data…

Dwolla Payment Processing

The San Francisco Chronicle had an article last week about a payment processing company called Dwolla. Based out of Des Moines, Iowa, Dwolla enables a person to make…

New FFIEC Guidelines Time to Layer

The FFIEC just released a new set of supplemental guidelines for security measures to thwart identity thieves in the financial industry. The focus seems to be on risk…

Social Security Number Overload Creates Gap in Fraud Prevention

With the constant economic struggles, businesses are always looking for any pennies they can pinch in their upcoming budgets. It may be very tempting to cut fraud prevention…

Increase Funding for Fraud Prevention: Whats the Allocation?

As if the industry has not heard enough about the FFIEC Authentication Guidance, recent studies state that only 11% of banks and credit unions have conformed since the…

Identity Fraud on the Rise from 2011

In a recent study conducted by Javelin Strategy and Research, it reflected that identity fraud has increased 13% from 2011. One contributing factor to this increase may be…

Rapid Growth in Mobile Banking Increases Security Risks

As mobile banking continues to grow in popularity, financial institutions and businesses are reassessing the risks that come hand in hand. Despite the new risks, the number of…