SentiLink’s Post

The Evolve Data Breach is Different – Here's Why Fraudsters may be able to drain victims' bank accounts because the leaked data appears to include both PII and account information. To understand how that could work, we need to look at how bank accounts are funded and linked. Read our take in detail here: https://hubs.li/Q02FsXlc0

How is generative AI going to impact fraud? We often hear people suggest that it's going to supercharge synthetic fraud. We don't think so, for reasons our CEO and Co-Founder Naftali Harris explains in this post. But GenAI is going to empower fraudsters in other meaningful ways. Here's what we expect to see, and how we think businesses can combat the use of generative AI in fraud:

Join our speakers as they dive into the dark world of identity theft in our webinar "The Journey of a Stolen Identity: Following the path of criminals and victims" featuring Eva Casey-Velasquez, President & CEO of Identity Theft Resource Center - Nonprofit, and Dr. David Maimon, Head of Fraud Insights at SentiLink. Moderated by Jason Kratovil, Head of Public Policy at SentiLink. Sign up today! https://hubs.li/Q02y9jS50

Webinar Alert 📣 SentiLink’s David Maimon will be teaming up with Unit21 and American Banker to discuss the latest trends and dark web tactics surrounding check fraud. They’ll dive into the emergent threats and preventative measures. Sign up here to attend: https://hubs.li/Q02ygSsJ0

Great piece in the Boston Globe Media by Linda Matchan featuring SentiLink's David Maimon. Victims of scams and identity crime have to deal with many different impacts, from the financial to the emotional and psychological. Stories like this help to highlight the need for the important work SentiLink and our partners are doing to stop identity criminals from claiming more victims. https://lnkd.in/eg8icJee

Assumed Identity Abuse (AIA) is a poorly-understood and difficult-to-spot form of identity fraud. In this post, SentiLink Fraud Intelligence Analyst Karl Lubenow walks through what AIA is, what a typical case looks like, and how to catch assumed identity fraudsters at the point of application:

SentiLink partners don't just get access to our powerful Scores and Facets, they also get access to our team of fraud intelligence experts. Want a second pair of eyes on a case you're reviewing? Here's how our escalation process works:

Every Thursday, everyone at SentiLink drops what they're doing and spends an hour manually reviewing fraud cases. This includes all ~100 of us--not just our Fraud Intelligence Team, but also our engineers, sales team, accountants, recruiters... even our CEO. Each week has a "theme": we've explored scams, business takeovers, synthetic identities, deceased individuals, and more. But why do we invest so much time into this? Why constantly pull everyone away from their work to manually label just a tiny subset of the million transactions our products help automatically decision each day? We do fraud patrol because we believe that the only way to build great fraud products is to truly understand fraud. And we believe the only way to really understand fraud is to dive deep into fraud cases. In fact, this belief is so core to us that we made Deep Understanding one of our four corporate values. And now you can ride along and review fraud cases with us too. Sign up here and we'll walk through some fraud cases with you! https://lnkd.in/exs6NSSF

Yesterday David Maimon, SentiLink's Head of Fraud Insights, shared some eye-opening research about the alarming rise 📈 of #checkfraud in the US and the intricate supply chain facilitating it. Staying ahead of the curve is crucial to protecting institutions and customers. Thank you to BankTech Ventures and the #banking and #fintech leaders for having us!