By Mike Betron, Infoglide VP of Marketing   As reported by MSN Money this week, eighteen members of a fraud ring have just been charged in what may be one of the largest international credit card scams in history. The New Jersey-based fraud ring is reported to have stolen at least $200 million, fooling credit [...]

In our last post on insider fraud (IF), we explored what insider fraud is, who is likely to commit it, and took a brief look at how insider fraud can affect the banking and insurance industries. In today’s post, we’ll take a look at how insider fraud can connect to first-party fraud, some of the [...]

By Mike Betron, Infoglide VP and GM of Social Identity Services When most people think about fraud, they think about high-profile, highly-publicized cases including names and terms like Bernie Madoff, Allen Stanford, Enron, and Ponzi schemes. These types of fraud cases may be rare, but the fact is, most companies face a quieter, if far [...]

If you blinked a couple of weeks ago, you may have missed a FInCEN ‘clarification letter’ concerning US Patriot Act Section 314(b) which allows – and encourages – participating financial institutions to share fraud and AML data with each other.  In the September 25 article, FinCEN and the US Treasury Department essentially cleared the way [...]

By Mike Betron, Infoglide VP of Marketing   Note: Today’s post is the fourth in our series on first-party fraud. The first article introduced First-Party Fraud (FPF) and explained why it is so dangerous for the banking industry. The second article provided a quantitative framework for assessing the amount of damage FPF typically causes, while [...]

Note: Today’s post is the third in our series on first-party fraud. The first article introduced First Party Fraud (FPF) and why it is so dangerous within the banking industry. The second article provided a quantitative framework for assessing the amount of damage FPF typically causes. In this article, we’ll take a look at how [...]

By Mike Betron, Infoglide VP of Marketing   Note: Today’s post is the second in our four-part series about first-party fraud (FPF). The first part in the series discussed how organized criminals commit first party fraud. In today’s article, we’ll take a look at the high costs of FPF and why it’s so difficult for banks [...]

By Mike Betron, Infoglide VP of Marketing Note: Today’s post is the first in a four-part series on first-party fraud. In this series, we’ll take a close look at what first-party fraud is, why it’s so difficult for banks to identify and block, and how Social Link Analysis (SLA) can serve as an effective and [...]

Douglas Wood, Infoglide Senior Vice President In the months and years following the tragic events of 9/11, global governments introduced a variety of homeland security acts designed to stop the flow of money funding terrorism.  As such, Section 314(a) of the US Patriot Act was a milestone in the fight against terrorist financing and money [...]

By Doug Wood, Sr. VP of Sales and Services   We want to start today’s post by congratulating our good friends over at NICE Actimize for recently being named the No. 1 AML and Fraud Solution in Operational Risk and Regulation Magazine.  Though the publication itself makes no obvious mention of the award, the press [...]