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Financial Crime Analysis

The Equifax Hack Revisited

Hacking of personal information.  It’s certainly nothing new.  But the hacking of a credit reporting agency?  That’s more akin to breaking into Fort Knox. Even years later, the story remains shocking for its business ineptitude, callousness, and technical ignorance.  And for those reasons, and avoiding similar outcomes, it’s worth revisiting. The guilty parties were world […]

Categories
Financial Crime Analysis

Fake Identities – Real Losses

What is it? Synthetic Identity Fraud (SIF).  Simply put, it is the combination of real facts about someone with fake information, often an amalgamation of other sources to create a new identity for purposes of fraud.  It is common, growing, and very effective with few consequences for the perpetrator. Who Is Doing It? Crime rings.  […]