VISA Guards Against Fraud During Pandemic
Fraud has been on a rise during the pandemic as criminals take advantage of consumer fears and uncertainty about their health, safety and financial security. Now, fraudsters are targeting unemployment insurance benefits and stealing them from consumers who may be eligible, and even those who are not. They do this by using personally identifiable information (PII) for sale on the dark web, stolen from the many data breaches from the past, to test for identity authentication gaps in state unemployment insurance systems.
Tia Ilori, who leads Global Fraud and Breach Investigations at Visa, shares timely tips on how to identify warning signs of fraud attempts, how consumers can take proactive steps to reduce the likelihood of becoming a victim, and what consumers should do if they become a victim of unemployment insurance fraud.