Fraud Types
This is an example of which fraud type?
CM has their card. There is an online test auth to one merchant, with a large follow up transaction to a different online merchant, all charges have been attempted very quickly.
Card Not Present
Who sends out a CAMS Alert?
The Associations
Name 3 Identity Theft Tactics?
Phishing/Smishing
False Solicitation
Pre-Text Calling
What is the Dark Web Compromise Indicator that Falcon provides to us?
9999N
This is an example of which fraud type?
CM doesn't have their card. There is a gas pump test auth in their home area, followed by rapid, large dollar, card present charges at different merchants.
Lost / Stolen
Who locates the CPP?
Fraud Analytics
What 2 Fraud Types are associated with Identity Theft?
Fraud Application
Account Takeover
What is the Merchant Compromise Indicator that Falcon provides to us?
2023N or 2024N
This is an example of which fraud type?
Newly booked account with high dollar spending, questionable and high-risk maintenance completed after account is setup, looks like a bust out, name, address, ssn and dob match verification tools.
Fraud Application
Name at least 3 items considered to be ‘high-risk’ maintenance?
Address, phone, and email
Additional users (AU) added to the account
Mobile Wallet activation
Change to OLB information
Recent card issuance
At what age do we consider someone to be ‘Elderly’?
60 and older
This is an example of which fraud type?
Existing account with recent changes to; phone, address and email. Also, a new card was recently rushed to an alternate address, followed by change in spending patterns.
Account Takeover
Name at least 2 types of Scams?
Gift Card Scams
Sweetheart (Romance) Scam
Social Security Scam
Telemarketing/Phone Scams
IRS and Email/Phishing/Vishing Scams
Tech Support Scams
True or False. First Party Fraud can be defined as ‘True person attempting to defraud the bank’.
True
This is an example of which fraud type?
CM has their card. Swiped test authorization, followed by swiped charges, all done outside of the CM's home area.
Counterfeit