Identity theft - Strategic Insights Report (Page 6)

Fraud

Descartes Systems Group Unveils Descartes MacroPoint FraudGuard 2.0 to Enhance Freight Visibility and Protection

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has announced the release of Descartes MacroPoint FraudGuard 2.0, the latest advancement in freight fraud technology designed to help shippers, freight brokers, and third-party logistics providers (3PL) safeguard their business against increasingly sophisticated fraud and cargo theft

Fraud

Identity Verification Market to Reach $29.32 Billion by 2030, Driven by Rise in Identity Fraud and Digital Transformation

The identity verification market is expected to grow at a compound annual growth rate (CAGR) of 15.4% from USD 14.34 billion in 2025 to USD 29.32 billion by 2030, driven by the increasing instances of identity fraud and the transition to digital onboarding in various industries. Cybercriminals

Fraud

Paducah Woman Sentenced to 2 Years, 4 Months in Prison for Wire Fraud and Aggravated Identity Theft

A 35-year-old Paducah woman, Nichole M. Lawrence, has been sentenced to 2 years and 4 months in federal prison for wire fraud and aggravated identity theft. Lawrence was employed as an office manager for a business in Western Kentucky and used her position to embezzle approximately $400,000 from the

Fraud

North America Sees Major Spike in Synthetic Document Fraud and Deepfake-Related Attacks

The U.S. and its neighboring countries are grappling with a significant increase in AI-enabled identity fraud, particularly in e-commerce, edtech, and healthtech sectors. According to a report by Sumsub, a global leader in verification, synthetic identity document fraud has surged by over 300% in North America, with deepfake-related attacks

Fraud

Point Predictive's AutoPass Solution Adopted by Alabama Credit Union

Alabama Credit Union has implemented Point Predictive's AutoPass solution, enabling it to automatically approve up to 80% of credit-qualified applications while safeguarding against sophisticated fraud schemes. This move comes amidst an industry grappling with unprecedented challenges related to fraud. The adoption of AutoPass marks a forward-thinking approach to

Fraud

JND's WatchTower: A Proprietary AI-Powered Fraud Detection Protocol to Combat Class Action Settlement Claims Scams

As the use of generative AI continues to make large-scale document manipulation and identity fraud more accessible, class action settlement claims face growing exposure to sophisticated fraud schemes. Recognizing this emerging threat, JND, the U.S. leader in legal administration services, has announced the debut of WatchTower, a proprietary fraud

Fraud

Digital Identity Theft on the Rise in Africa: A Call to Action for Education and Collaboration

Africa is increasingly becoming a hotspot for digital identity theft, with cybercriminals employing various tactics to obtain personal information and commit fraud. Cybersecurity expert Oluwananumi Dawodu warns that everyday Africans need to be vigilant in protecting themselves from social engineering attacks, such as phishing, fake alerts, and impersonation scams. In

Fraud

DWP Warns Job Seekers of Identity Theft Risks Through Oversharing Personal Information Online

Applying for jobs can be a daunting and time-consuming process, and for many, it can be heart-breaking to face rejection after rejection. However, the Department for Work and Pensions DWP has issued a stark warning that job seekers should be aware of the dangers of oversharing personal information when applying

Fraud

AI-Powered Consortium Validation Crucial in Detecting Repeaters: A New Wave of Industrialized Identity Fraud

Industrialized identity fraud, fueled by Fraud-as-a-Service (FaaS) toolkits and deepfake technologies, has led to a significant rise in a new fraud technique called Repeaters. These minor variations of a single digital asset are designed to evade detection systems and are used by malicious actors to test defenses before launching cross-industry

Fraud

Superseding Indictment Unsealed Against Maryland Residents Alleged to Have Engaged in Passport Fraud and Identity Theft

A federal grand jury returned a superseding indictment against Brendyn Andrew, 33, of Gaithersburg, Maryland, and Dominique Collins, 37, of Stafford, Virginia, charging them with various crimes related to passport fraud and identity theft. The superseding indictment adds additional charges against Andrew, including possession of 15 or more unauthorized access

Fraud

ID Dataweb to Present at LSA Spring Conference, Expand MobileMatch to 15 Countries

ID Dataweb, a leader in identity security and digital trust, will showcase its expertise in multiple sessions at the LSA Spring Conference in Dublin, Ireland. The company will debut the beta program for the international expansion of its document-free identity verification service, MobileMatch, to 15 countries. This expansion marks a

Cyberterrorism

Scottish Councils Struggle with Cybersecurity as Ransomware Attacks Rise

Local authorities in Scotland are increasingly vulnerable to cyber attacks, with experts warning that outdated IT systems and inadequate planning are major contributing factors. In the past week, Edinburgh and West Lothian councils have been hit with targeted attacks, with pupils in Edinburgh cut off from revision resources during exams

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