An estimated 9 million Americans have their identities stolen each year. Identity thieves are becoming more and more cunning, utilizing both traditional and sophisticated technology to drain accounts and damage credit. The cost to your business — left with unpaid bills racked up by scam artists — can be staggering. The Red Flags Rule requires many […]
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Understanding consumer financial durability The coronavirus pandemic has impacted numerous U.S. households—but in different ways. Financial Durability helps marketers understand the financial capacity of households more holistically, beyond income and credit score. FICO study finds most banks lack digital identity verification During COVID-19 more consumers than ever are using online banking. Yet, a new survey […]
Published Equifax Insights blog on Jul 22nd, 2019 The Achilles’ Heel of Synthetic Identity Fraud By Christine M. Cornwell Losses from Synthetic Identity Fraud are Increasing Most of us are familiar with the fable from Greek storyteller, Aesop, about the boy who cries wolf. To get attention, he pretends a wolf is attacking his sheep. […]