Intellicheck’s Technology Saves Retailers and Consumers From Black Friday Fraud Losses as Chinese Fake ID Seizures Highlight Ongoing Risks
Summary
Early data shows attempted fraudulent purchases at retailers using Intellicheck’s fraud detection solutions jumped across key retail categories during the Black Friday sales event compared to pre-Black Friday fraudulent purchase attempts. The cutting-edge technology solutions can be deployed on mobile devices including tablets and smartphones as well as online and on point of sale systems that store associates use for day-to-day operations. This year’s record-setting pace of data breaches has given crooks a wealth of personally identifiable information that fuels the supply of sophisticated fake IDs used in identity theft. With more than 14 million victims of identity theft in the U.S. annually, consumers understand these threats are real and very serious. Under new direction, the company is focused on partnering with banks, credit card issuers and retailers to prevent fraud.