Author: Pierre Remy

When we think of elder abuse, we often think of caregivers physically abusing patients in their care.  However, elder abuse includes other forms of exploitation as well.   Financial exploitation of elderly people seems to be among the fastest-growing fraud types.  While I have been engaged with AARP and other organizations that raise awareness of elder abuse, I don’t think I fully realized the extent of it until I recently browsed my mother’s Facebook page.

I don’t spend much time on Facebook, but I was appalled by what I recently discovered. Not just because of the rampant catfishing but also because of the seeming indifference of Facebook to this specific challenge. While Facebook does offer Threat Exchange for free to all platforms, facilitating cross-platform sharing and taking down over 1 Billion fake accounts per quarter, this has not stopped Meta properties from facilitating over 70% of fraud for some very large banks.   

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In the realm of humanitarian aid, the use of biometric data has become a norm, a seemingly efficient and cost-effective way to match aid to beneficiaries. However, behind this seemingly practical approach lies a host of ethical challenges.

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In the realm of humanitarian aid, the use of biometric data has become a norm, a seemingly efficient and cost-effective way to match aid to beneficiaries. However, behind this seemingly practical approach lies a host of ethical challenges.

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Digital Communities Have Unique Identity Needs

Today, the very notion of ‘community’ has undergone a radical transformation. Communities driven by shared interests, passions, and identities breathe life into diverse online platforms. These spaces provide a haven for these communities to connect and thrive. While these communities offer unprecedented opportunities for connection and collaboration, they also present unique challenges in terms of identity and security.

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Digital Communities Have Unique Identity Needs

Today, the very notion of ‘community’ has undergone a radical transformation. Communities driven by shared interests, passions, and identities breathe life into diverse online platforms. These spaces provide a haven for these communities to connect and thrive. While these communities offer unprecedented opportunities for connection and collaboration, they also present unique challenges in terms of identity and security.

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Synthetic identity fraud is one of the fastest-growing financial crime trends in the United States, accounting for over 80% of all new account fraud, costing businesses billions of dollars annually. The trends suggest that synthetic identity fraud will inflict nearly $5 billion in losses by 2024. Synthetic identity fraud uniquely eludes traditional fraud detection models primarily because it blends authentic and fabricated information, creating a seemingly “new” identity that doesn’t raise immediate red flags. Unlike conventional fraud, which exploits existing individual identities, synthetic fraud crafts entirely new personas, making it challenging for traditional systems to pinpoint discrepancies or trace suspicious activities to known fraud indicators.

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Synthetic identity fraud is one of the fastest-growing financial crime trends in the United States, accounting for over 80% of all new account fraud, costing businesses billions of dollars annually. The trends suggest that synthetic identity fraud will inflict nearly $5 billion in losses by 2024. Synthetic identity fraud uniquely eludes traditional fraud detection models primarily because it blends authentic and fabricated information, creating a seemingly “new” identity that doesn’t raise immediate red flags. Unlike conventional fraud, which exploits existing individual identities, synthetic fraud crafts entirely new personas, making it challenging for traditional systems to pinpoint discrepancies or trace suspicious activities to known fraud indicators.

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