Fraud & Security Preventing Application Fraud with Machine Learning and AI
When it comes to application fraud, machine learning analytics must be a critical part of a financial institution’s control strategy.
All posts by Liz Lasher
Fraud & Security Best Practices in Fraud Management: Q&A with Bob Shiflet
How is application fraud evolving? And what should fraud leaders be doing to manage fraud risk in a digitally connected world?
Fraud & Security What Data Do I Need to Fight Application Fraud?
It’s raining data left and right, and you need to start by understanding what data you already have to fight application fraud and where there are gaps.
Fraud & Security ELI5: How Does the Dark Web Work?
When we talk about brute force application fraud and bot-net attacks, what are we really talking about?
Fraud & Security Application Fraud — Establishing Your Fraud Risk Appetite
Fraud and security are a top priority for financial institutions — but just stopping fraud isn’t enough. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.
Fraud & Security Application Fraud – From Identity Theft to First-Party Fraud
Identity theft, also known as third-party fraud losses, is just the tip of the application fraud iceberg. First-party fraud can be 10 times as much.
Risk & Compliance FICO @ AFSA: Auto Lenders Losing $2-3B to Fraud
One of my favorite movie scenes is from Blade Runner. A policeman is interrogating his detainee, asking a series of questions to determine whether the person is a real human-being or a synthetic. Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. While none of the 25 attendees resembled Harrison Ford, they agreed they were getting busier looking for synthetics, just a different kind of synthetic. In this case, we were talking about synthetic identities, a type of fraud in which a criminal combines real and fake information to create a new fake identity that is used to open fraudulent accounts and make fraudulent purchases. The use of synthetic IDs in the auto loan industry has been a growing problem in the last 18 months. Attendees at the roundtable... [Read More]