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Fed White Paper Details Rise of Synthetic Identity Fraud

Rippleshot

Synthetic identity fraud isn't a new concept, but it recently has gotten a lot of attention across the financial ecosystem. A new white paper put out by the Federal Reserve examines what's causing the problem and why it's getting worse. This has led to bigger payouts and attracted more fraudsters to commit this type of crime.

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April 23 Webinar: 'Synthetic Identity Payments Fraud'

Rippleshot

Synthetic identity fraud continues to be a hot topic across the financial ecosystem. EST, titled 'Ask the Experts: Synthetic Identity Payments Fraud.'. Among the featured panel members will be Justin Davis, fraud manager for Digital Federal Credit Union. Learn what this team of experts has to say on this subject.

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Leopard Spots and Zebra Stripes: Fraud and Behavioral Analytics

Thales Cloud Protection & Licensing

In the following paragraphs, I will focus on behavioral analytics and how it can help us detect increasingly sophisticated impersonation and fraud attempts. Thinking it was something related to our committee work, I mindlessly begin to reply with a, “Sure, what do you need?” Synthetic identity fraud is another example.

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Episode 166: But Why, AI? ZestAI’s Quest to make Artificial Intelligence Explainable

The Security Ledger

In this episode of the podcast (#166): Jay Budzik, the Chief Technology Officer at ZestAI, joins us to talk about that company's push to make artificial intelligence decisions explainable and how his company's technology is helping to root out synthetic identity fraud. Also: making Passwords work. ” Jay Budzik, CTO at Zest.ai.

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Equifax Data Breach: The Long-Term Impact on Fighting Fraud

Rippleshot

While most of the news centers on the consumer identity theft impact, the real story in the financial services ecosystem is what this hack will cost banks, credit unions and issuers. The massive Equifax data breach that’s making national headlines is estimated to impact nearly half of the U.S. population — or roughly 143 million people.

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The most valuable AI use cases for business

IBM Big Data Hub

When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? The easy answer is mostly manual labor, although the day might come when much of what is now manual labor will be accomplished by robotic devices controlled by AI. We’re all amazed by what AI can do.

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Sailing the cyber security waves

IT Governance

What are the challenges specific to ships? This could be something like the synthetic radar, or voyage data recorder. Criminal activity, including kidnap, piracy, fraud and theft. New technologies are helping them navigate the waters and ensure that everyone on board experiences the connectivity and convenience they expect.