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Embedded Infoglide identity and link analysis technology will help users of FICO’s market-leading fraud management solutions stop emerging fraud schemes faster
MINNEAPOLIS — October 25, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s market-leading Identity Resolution Engine® (IRE) software. Infoglide IRE will serve as the identity resolu...

By the AllClear ID team
Vanessa here, with AllClear ID. “Smart Cards,” credit cards embedded with RFID chips, are getting more attention as more banks issue them to their customers.
What is RFID – and why is it in my credit card? An RFID (radio-frequency identification) credit card has a radio frequency microprocessor inside it that contains your card information. When you check out at the register, you wave your smart card within a few inches of an RFID-enabled terminal. The terminal reads your d...

Computerworld - In a rare instance of a court siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 data breach that exposed millions of customers' credit and debit card numbers.
The U.S. Court of Appeals for the First Circuit last week ruled that consumers who took proactive steps to protect themselves against fraud and identity theft in the wake of the breach may seek...

In yet another crackdown on bank card fraudsters, the Bank Fraud Wing of the Central Crime Branch (CCB) has busted a gang on Sunday who cloned freshly issued credit cards of Chennai customers in connivance with two courier personnel.
Police arrested Balaji (32), Vignesh (20) and Sridhar (30) and seized the air blower gun, a skimmer device and a laptop containing information on credit card details of 64 persons in Chennai, sources added.
The culprits used an air blower gun to open envelopes...

The Loveland Police Department has now received more than 500 complaints of credit and debit card fraud since an influx of calls reporting unauthorized charges began on Oct. 14 and are investigating alongside federal authorities.
Loveland police said in a news release that new credit/debit cards have been using information that was compromised.
Police say they don’t know when the accounts were compromised and are working with the victims, other law enforcement agencies, federal authorities and f...

Out of her frustration by inaction of the banks the mother from New South Wales filed a lawsuit before the Supreme Court against Commonwealth Bank, Australia New Zealand Bank, Westpac and National Australia Bank, the Sydney Morning Herald reports.
The scheme started in 2007 when her son, then 14, sold expensive items such as laptops, mobile phones and watches on eBay without delivering the merchandise. The scam earned for the teen over $6,000 a day, which gave him enough money to live the high...

“[The] situation has become alarming as the country becomes a safe haven for cybercrime operators involved in cyber pornography, cybersex den, illegal gambling, credit card fraud and identity theft but the operating units could hardly deal with them because cybercrime operators, many of them foreign mafias, are aware of the present organizational and technical incapability of the country’s law enforcement agencies,” Director Samuel D. Pagdilao, Jr., chief of the Philippine National Police (PNP)...

WASHINGTON — The Federal Bureau of Investigation on Friday estimated there are some 1.4 million gang members in the United States and they are turning to white-collar crimes as more lucrative enterprises.
Gangs like the Bloods and the Crips are engaging in crimes such as identity theft, counterfeiting, selling stolen goods and even bank, credit card and mortgage fraud, said a new FBI gangs threat assessment.
"We've seen it, but we've seen them doing it even more now and we attribute to the fact...
  1. Credit card thief spends $717 at Burger King in Boca Raton in two months
  2. Ten Things You Can't (Easily) Buy With Credit Cards
  3. Credit card ripoff: Bank duped of Rs 65L
  4. Credit Card Fraud and Chargebacks Reduced by Using BinDB to Verify Bank Identification Numbers

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