Fraud Prevention

Lear Capital Tip Helps Police Bust $30,000 Multi-State ID Theft Ring

Los Angeles – September 24, 2026 -- A fraud alert from a Lear Capital employee led Antioch, California police to dismantle a multi-state identity theft operation with combined victim losses of nearly $30,000, the Antioch Police Department said.

Employee tip triggers police investigation into suspicious transactions

On July 21, 2026, a Lear Capital employee flagged account activity believed to be fraudulent and alerted the Antioch Police Department. Detective Ryan Duff traced the transactions to victims in multiple states.

Reap Launches Managed Fraud Service Sentry for Card Programs

Hong Kong – September 20, 2026 -- Reap has launched Sentry, a managed fraud and risk service that eliminates the need for card-issuing clients to build in-house fraud teams or license separate monitoring tools.

Global card fraud losses hit $33.41 billion in 2024, Nilson Report data shows

Payment card fraud losses worldwide totalled USD 33.41 billion in 2024, tied to global card volume of USD 51.920 trillion, according to The Nilson Report's January 2026 figures. Reap cites the millisecond nature of authorisation decisions as the reason fraud must be intercepted at the point of transaction rather than remediated afterward.

ID.me, Plaid Partner to Verify Bank Accounts Before Benefit Payments

McLean, Va. – September 18, 2026 -- ID.me and Plaid have launched a partnership allowing government agencies to verify a benefits claimant's identity and confirm their linked bank account belongs to them before disbursing funds, addressing a gap that contributed to $5.6 billion in unemployment insurance improper payments in fiscal year 2025.

Improper payment rate hit 14.9% for the fourth straight year

According to the Government Accountability Office, the 14.9 percent improper payment rate for unemployment insurance exceeded the federal standard for four consecutive years. Agencies have strengthened identity verification but lacked equivalent controls over where payments land, allowing claimants to pass identity checks and then enter a bank account that is not theirs.

6lock Becomes BluWave's Sole Verified Money Movement Provider

Austin, Texas – September 18, 2026 -- 6lock has become the only Verified Money Movement platform in BluWave's vetted provider network, giving more than 500 private equity firms and thousands of portfolio companies direct access to identity-verified transaction infrastructure.

BluWave's invite-only network now routes capital call and distribution needs to 6lock

BluWave connects private equity firms and portfolio companies with third-party service providers selected for specific business needs, and providers must pass an evaluation covering direct private equity experience, client references, capability fit and project history, with ongoing review tied to client feedback and performance. 6lock cleared that bar as the network's exclusive money movement provider, positioning it to be considered whenever BluWave clients look to replace email-, spreadsheet- and callback-based fund transfer processes.

US Robocalls Fall 10% to 3.9 Billion in August, Lowest Since October

Irvine, Calif. – September 14, 2026 -- U.S. consumers received just under 3.9 billion robocalls in August 2026, a 10% drop from July and the lowest monthly total since October 2025, according to the YouMail Robocall Index.

August volume falls to 125.4 million calls per day, reversing a year-long upward trend

Daily robocall averages dropped to 125.4 million calls, or 1,451 calls per second, down from July's 139.3 million calls per day and 1,612 calls per second. The decline pulls August volumes back to levels last seen in January and February, breaking the upward trajectory that had persisted through most of 2026.

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