Welcome to the latest edition of Informed’s Fraud Watch: Informed’s blog on the latest fraud trends. Generative AI is changing how lenders’ screen for fraud. Document fakes are rapidly getting so good that they will pass even the most careful visual inspection. To identify fraud, lenders now need to go beyond the four corners of a
Welcome to Informed’s Fraud Watch: Informed’s blog on the latest fraud trends. As lenders contend with evolving risks in income document fraud, one emerging fraudster technique deserves more attention–“transaction recycling.” “Transaction recycling” describes fraudster re-use of the real-world identifiers associated with ACH, check, debit, and vendor transactions in bank statements or other income documents. A
Transaction Recycling is Becoming a Massive Document Fraud Problem Read More »
Every couple of weeks, I see a photo of a fake receipt or paystub flash across my LinkedIn feed. The document looks authentic, complete with coffee stains, weathered texture, and creases. These synthetic documents should spark lender concern. Thousands of paystub generation sites are now available on the Internet. Fraudsters can now quickly generate a
Digital Footprints: How Lenders Can Use Real-World Data to Combat Document Fraud Read More »
PRODUCTS Informed Defender Document fraud intelligence tool that utilizes industry data repository to help lenders mitigate losses by catching misrepresentations What is Informed Defender? Informed Defender is a powerful new fraud tool allowing lenders to request and verify income documentation. Fraudsters are constantly finding ways around lender defenses, but vigilant lenders have a strong fraud
