Defining Scams to Improve Fraud Mitigation
The Federal Reserve has established a scams definition and classification work group. Learn about the group and its goals.
Putting Scams Out of Business
Scams have become increasingly prevalent, but there are ways to prevent them and mitigate losses. Read more about how to stay protected from this type of fraudulent activity.
Scams: A Growing and Costly Problem
Scams are a growing area of fraudulent activity that can happen to anyone. Learn about common types of scams and the ways that fraudsters attempt to deceive their victims.
Synthetic Identity Fraud Mitigation: Learn More About Service Providers
The Federal Reserve continues to expand its Synthetic Identity Fraud Mitigation Toolkit with new information on providers of synthetic identity fraud mitigation products and services.
Fighting Synthetic Identities: Further Collaboration with ACFE
The July/August issue of Fraud Magazine, published by the Association of Certified Fraud Examiners (ACFE), features an article co-authored by experts from Federal Reserve Financial Services on how to more effectively fight synthetic identities used for fraud involving payments.
Expanding the Synthetic Identity Fraud Mitigation Toolkit
The latest release of the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit includes tools to help differentiate real customers from synthetics using identity validation tools and alternative data, and resources on how to identify synthetics at different stages of the relationship.
Fighting Fraud with the FraudClassifier Model
The FraudClassifier(SM) model was released in June 2020 to help organizations speak the same fraud language and obtain a holistic picture of fraud involving payments. Explore a new video for a comprehensive overview of the model, including a step-by-step walk-through of its classification paths and supporting definitions.
Remote Authentication Fraud: Evolution of Mitigation Approaches
The Federal Reserve has published the third and final research brief in a series on remote authentication fraud. This brief focuses on ways the Fed and industry can work together to improve fraud mitigation, build awareness and engage industry stakeholders.
Arming the Industry with Resources to Fight Synthetic Identity Fraud
The Federal Reserve is developing a toolkit of insights and resources to help financial institutions, consumers and businesses address the growing threat of synthetic identity fraud.
Remote Authentication Fraud: An Ounce of Prevention is Worth a Pound of Cure
The Federal Reserve has published the second research brief in a series, which takes a closer look into payment use cases and authentication methods that can help prevent the most common types of remote authentication fraud.