Enjoy our roundup of stories that piqued our interest this week.
This week we tackle the following:
- There's a lot of Bank Data on the Dark Web - As more people get comfortable with mobile banking, more criminals are getting access to your account information. Retailers and consumers need to understand the risks and take the appropriate precautions to combat fraud.
- JUULing: What You Need to Know - Since launching about two years ago, the JUUL has become one of the hottest e-cigarettes on the market. It's been called "the iPhone of e-cigs" and it has gained somewhat of a cult following among young adults.
- Identity Theft Leads to Car Theft - Auto Dealerships were always assumed to be same from fraud because of the extensive financial information necessary to purchase a car. Thieves are are used fake IDs to get fraudulent loans to purchase cars. They are also presenting fake IDs to secure a car for test drives.
- Do You Really Understand Fraud? - Our CEO Bryan Lewis joins the PaymentsJournal podcast to get you up to speed and explains how to combat it.
A new report from cyber intelligence platform company IntSights explains that the shadier parts of the internet are bursting at the virtual seams with account logins, card numbers and other stolen financial data put up for grabs on the dark web.
Underage kids are not only getting illegal access to e-cigarettes, manufacturers are also designing devices to make it easier to disguise their vaping from teachers and parents. A new type of vaping, called JUULing, features a flash drive-like design that can be easily tucked away in a closed fist, and the liquid used in it comes in kid-friendly flavors like fruit medley to crème brûlée. Add it all together and it’s easier than ever for kids to vape right under their parents’ and teachers’ noses.
We are never really surprised by anything we come across at Intellicheck. We have had conversations with car dealers repairing damage from reckless joy riding from fraudulent test drives and now see an intricate story of theft ring in New York. Our ID authentication solutions ensure that you have the correct identity for every test drive.
Bryan Lewis joined Ryan Mac on the PaymentsJournal podcast. Did you know that Javelin’s 2018 Identity Fraud Report put fraud in 2017 at $16.8 billion and that the fraud rate doubled between 2015 and 2017?