Tag: First-party Fraud

At first glance, it looks like a simple return or a routine dispute. But behind many of these transactions is ...

As one of the three major credit bureaus in the United States, Equifax has broad visibility into consumer credit behavior. ...

A recent fraud survey from a UK fraud consortium reveals a troubling evolution in criminal tactics, highlighting that fraud isn’t ...

As first-party fraud continues to surge, data from FICO reveals that nearly a third of respondents believe that lying on ...

A consumer purchases a product and receives exactly what was described. However, they experience buyer’s remorse and want to return ...

First-party has emerged as the most prevalent type of fraud worldwide. It accounted for more than a third of all ...

The fallout from last summer’s ransomware attack on California’s Patelco Credit Union continues. State regulators have fined Patelco $100,000 and ...

Friendly fraud results in losses to retailers of more than $100 billion a year. However, most people who commit this ...

Last year’s TikTok-fueled spate of check fraud—allegedly taking advantage of a glitch at Chase Bank—was among the most widely publicized ...

Banks allocate significant resources to fighting fraud, both in prevention and in maintaining reserves for potential losses. No matter how ...