by September 8, 2010,
-- by, Matt EhrlichAh…the summer vacation. I’ve just returned from
mine and it got me wondering, “Do fraudsters take a vacation?” You
know they must. Probably somewhere nice courtesy of their illicit
activities. On our summer vacation, we stayed in rental homes
rather than in hotels because of the...read more
by August 23, 2010,
-- by, Kristan FrendAs if business owners need one more thing to
worry about — according to the Javelin Strategy & Research’s
2010 Identity Fraud Survey Report, respondents who defined
themselves as “self-employed” or “small business owners” were
one-and-a-half times more likely to be victims of...read more
by June 3, 2010,
-- by Keir Breitenfeld Well, in my last blog, I was half right and
half wrong. I said that individual trade associations and
advocacy groups would continue to seek relief from Red Flag Rules
‘coverage’ and resultant FTC enforcement. That was
right. I also said that I thought the June 1...read more
by May 13, 2010,
Well, here we are about two weeks from the Federal Trade
Commission’s June 1, 2010 Red Flag Rule compliance enforcement
date. While this date has been a bit of a moving target for
the past year or so, I believe this one will stick. It appears
that the new reality is one in which individual trade...read more
by January 20, 2010,
--by Andrew Gulledge Meat and potatoes Data are the meat and
potatoes of fraud detection. You can have the brightest and
most capable statistical modeling team in the world. But if
they have crappy data, they will build crappy models. Fraud
prevention models, predictive scores, and decisioning...read more
by December 7, 2009,
--by Monica Bellflower I have already commented on “secret
questions” as the root of all evil when considering tools to reduce
identity theft and minimize fraud losses. No, I’m not quite
ready to jump off that soapbox….not just yet, not when we’re
deep into the season of holiday deals, steals and...read more
by November 16, 2009,
--by Keir Breitenfeld Many compliance regulations such the
Red Flags Rule, USA Patriot Act, and ESIGN require specific
identity elements to be verified and specific high risk conditions
to be detected. However, there is still much variance in how
individual institutions reconcile referrals...read more
by November 6, 2009,
--by Matt Ehrlich On Friday, October 30th, the FTC again delayed
enforcement of the “Red Flags” Rule – this time until June 1, 2010
– for financial institutions and creditors subject to the FTC’s
enforcement. Here’s the official release:
http://www.ftc.gov/opa/2009/10/redflags.shtm. But this...read more
by November 2, 2009,
--by Keir Breitenfeld As I wrote in my previous posting, a key Red
Flags Rule challenge facing many institutions is one that
manages the number of referrals generated from the detection of Red
Flags conditions. The big ticket item in referral generation
is the address mismatch condition. Identity...read more
by November 2, 2009,
--by Keir Breitenfeld Well, here we are at the beginning of
November and The Red Flags Rule has been with us for nearly two
years now. And to add to that, the FTC’s November 1, 2009
enforcement date has passed (I know I’ve said that before).
There is little value in me chatting about the core...read more
