first_imgA sharp increase in the use of online rental applications since the start of the coronavirus pandemic has caused a consequent jump in red flags for fraud. The percentage of so-called fraud triggers detected by TransUnion increased nearly 30% from March to August, according to the credit reporting agency. TransUnion defines fraud triggers as applicant statuses with failed authentication and/or identified as high risk. They reached a high of 15.2% in August, compared with 10.3% over the same period last year.- Advertisement – – Advertisement –  “What Covid has done is accelerated the rental industry’s adoption of technologies in the digital environment to become contactless,” said Maitri Johnson, vice president of TransUnion’s tenant and employment business. “As this acceleration into the digital environment has occurred, it also has opened up the prevalence of fraud much more so.” As a result, the multifamily rental industry is now at higher risk. Since the pandemic began, the frequency of actual fraud incidents has jumped by nearly 50%, according to TransUnion’s survey of 82 multifamily executives. Another quarter saw up to 100 instances of fraud in their portfolios in the past year. While many were able to flag fraudsters before they moved in, 41% said they missed it, and the applicant moved in. These fraud cases are largely about faking the identity of the tenant. They include using someone else’s driver’s license, stealing someone else’s Social Security number from the dark web or inventing a new identity entirely, known as synthetic fraud.- Advertisement – Sign advertising apartments for rent in the Upper East Side in New York City.Adam Jeffery | CNBCcenter_img – Advertisement –  Synthetic fraud involves building a credit profile for a person who doesn’t exist and then using that profile to open credit cards to buy merchandise. The rental home then becomes a part of the crime. “Taking this fictitious persona, applying for apartment home, it all checks out, and they get access to an apartment home, and they eventually use it as a drop zone for all their spend. Then they will skip out in the middle of the night,” Johnson said. It all leaves the landlord holding the bag. Two in 3 executives told TransUnion they were concerned about fraud growth within their communities. With thousands of valid tenants now behind on their rent because of the pandemic, this only adds to the burdens of property management companies and adds to the losses of property owners.“If you’re trying to evict someone, but that someone doesn’t exist, how do you do that?” Johnson said.last_img read more


first_imgRelatedPosts Aguero could be out of action until November, Guardiola says UCL: Benfica kicked out by player who left club one week earlier + other results MultiChoice unveils sport channels, content line-up Southampton midfielder Pierre-Emile Hojbjerg has been replaced as captain by James Ward-Prowse.Hojbjerg, 24, has repeatedly been linked with a move away from the club and recently expressed a desire to play in the Champions League. The Denmark international, signed from Bayern Munich in 2016, has just over 12 months left on his contract.England midfielder Ward-Prowse will take over as captain for the remainder of the 2019-20 season.Speaking at a press conference prior to the resumption of the Premier League, Hasenhuttl said: “No, he [Hojbjerg] will not be captain.“We had an agreement, and [I] made clear that if you decide not to extend your contract, you will not be captain of this team.“He knows that he is an important player for this club. I think we have found a good agreement.” Hojbjerg has made more 100 Premier League appearances for Southampton.Tags: Pierre-Emile HojbjergRalph HassenhuttlUEFA Champions Leaguelast_img read more


first_imgRep. Domah receives the symbolic key of the district from a proxy of former Rep. DunahRoger Domah, the newly-elected Representative of Nimba County Electoral District #7, has promised to complete all public projects his predecessor did not complete until his tenure expired.Rep. Domah, who spoke in Saclepea on Saturday, March 10, at a well attended reconciliation conference organized by his office, also assured the residents that he would complete any of the projects his predecessor had initiated.“Any project [that] government money was used for in the district will be completed by my administration while at the same time we embark on new ones,” Domah declared.He spoke against a typical Liberian tendency that allow any new and in-coming government to abandon state-funded projects to the detriment of public resources. Rather, said government tends to reinvent another project to be funded by the same taxpayers’ money.Rep Domah (far right) with other representatives and local leaders unveiling the keyDomah called on the citizens to remain united and work together so as to complete any of the public projects his predecessor, Worlea Saywah Dunah, did not complete.“Even though I have my own initiatives that the citizens would point to in the future, let us first complete the incomplete ones to safeguard public funds,” he said.He promised to make his leadership inclusive, thereby calling on his supporters and the citizens in general to reconcile, whatever the differences, to live and work  in peace and unity.“I am appealing to everyone of you to come together as one body, so we can move our development agenda forward, because this is no time to campaign,” Domah said.He said that nobody in the 2017 October legislative race was more qualified or had better ideas than the rest of the contestants; but if they come together they can make the district better again since the election was over.“No matter what tribe you speak, which religion you belong to and which party one voted for, my heart remains freely open to all, because I am here to embrace everyone so that we can work together,” the Representative said.“District #7 is centrally located, whatever we do here can easily spread to the rest of the County and if we come together and put our differences aside, Nimba County will follow suit,” he said.Domah’s victory in the October 2017 legislative election was challenged by one of the contestants,  Evan Koah, over alleged fraud. However the Supreme Court ruled in Domah’s favor.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more