Appraisal fraud is a component of many mortgage fraud schemes. This type of fraud is one of the more sophisticated techniques being used to commit mortgage fraud. As one of the fastest growing financial crimes in U.S. history, counter measurements to mortgage fraud are required. One of these measurements involves targeting the appraisers and verifying […]
Identity fraud is a crime that costs all of us. As measures have been increased in recent years to mitigate identity fraud, so too has the level of sophistication of the fraudulent acts. Persons that were dedicated to committing fraud had the upper hand for some time, but technology is now catching up to these […]
Identity authentication is a component of identifying identity fraud risk. Advances in technology through fingerprint biometric services have lead to biometric verification becoming a potential tool in identity verification.
What is identity authentication? The authentication process involves validating the identity presented is the actual person. It goes further than typical identity verification and seeks a confirmation […]
In today’s digital age, technology has lowered the barrier to obtain information. Today, individuals are able to verify professional credentials, individual identities, business affiliations and tax IDs. In addition to verifying identities, research of public records can more easily be conducted. This is accomplished through business information services.
There are several types of business information services […]
Each day financial institutions are confronted with mortgage fraud risk. Mortgage fraud has become one of the fastest growing financial crimes in the history of the United States. As a result, the federal government has created a special task force to treat mortgage fraud as a type of white collar crime.
Too often the public is […]
Mortgage fraud is one of the fasting growing financial crimes in US history. Techniques to commit mortgage fraud have grown more sophisticated, resulting in more advanced counter techniques to combat mortgage fraud. In 2005 the FBI reported over one billion dollars in property and loans were lost due to mortgage fraud.
Too often the signs of […]
Retail point of sale (POS) applications constantly battle adult age verification. The sale of alcohol and tobacco in the United States requires a merchant to verify the age of the customer. A successful verification of a consumer’s age and identity results in a sale for the retail venue. A failure to catch an underage person […]