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_imgShe says “we studied all the consequences and agreed we should follow the order. And it was agreed with WADA. I wrote them a letter yesterday.”___The Diamond League has postponed three more track meets because of the coronavirus outbreak.The events in Stockholm on May 24, Naples and Rome on May 28, and Rabat, Morocco, on May 31 have all been postponed with no new dates set.The first six events of the year have been called off and only the Shanghai meet has been given a new date. The Prefontaine Classic in Eugene, Oregon, on June 7 is now the first scheduled event on the calendar. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The National Professional Soccer League has canceled its 2020 summer season because of the new coronavirus outbreak. Associated Press Considered a fourth-tier circuit in the U.S., the NPSL is affiliated with the United States Adult Soccer Association. The NPSL started play in 2003 and had planned to expand from 91 to 94 teams this season.The league was to have entered 14 teams in the U.S. Open Cup, which was suspended because of the pandemic.The NPSL summer season had been set to start in May and end in early August. The league said Friday that many of its venues would be unavailable after that because they are on college and school campuses.___Global players’ union FIFPro has called on soccer clubs to stop firing players or cutting their salaries before talks. The event originally scheduled for July 23-26 will now be held on Aug. 6-9 at the Evian Resort Golf Club.Evian is one of the five majors on the women’s circuit.The decision was made by the LPGA Tour, the Ladies European Tour and Evian organizers.LPGA Commissioner Mike Whan says “this adjustment makes for easier travel for players and assists us as we look to reschedule previously postponed events.”The women’s British Open is scheduled to be held two weeks after Evian. The International Ski Federation (FIS) has postponed its presidential election at a biennial congress for at least three months due to the coronavirus pandemic.Hosts for some world championships, including Alpine skiing in 2025, were also due to be voted on at May 17-23 meetings in Thailand.FIS says it hopes to reschedule “in the autumn (fall) of this year,” possibly at a different location.Candidates to succeed 22-year incumbent Gian Franco Kasper as president, and for seats on the FIS ruling council, must be declared 30 days before the rescheduled elections.The three candidates for Alpine worlds in 2025 are: Saalbach, Austria; Garmisch-Partenkirchen, Germany; Crans-Montana, Switzerland. March 27, 2020 ___Atlético Madrid has followed Barcelona’s lead and announced it will reduce its players’ and coaches’ salaries during the stoppage of competition due to the coronavirus crisis. A day after Barcelona had done the same, Atlético said Friday that it will reduce its payroll temporarily “to ensure the future” of the club. Neither Barcelona nor Atlético are saying how much they would slash salaries. The moves will not impact their players’ contracts.___ ___The Russian anti-doping agency is suspending all tests for 10 days in response to measures implemented by the government to fight the coronavirus.The move comes after President Vladimir Putin told Russians except those working in essential sectors to stay home next week.RUSADA deputy CEO Margarita Pahnotskaya tells The Associated Press the testing suspension covers a longer period because of the risk of staff being stranded away from home. Tests stopped Friday and will resume on April 6.Pakhnotskaya says the World Anti-Doping Agency has been notified. Employers in Spain are allowed to reduce labor costs while guaranteeing that workers will return to their jobs once conditions improve.The club says it has not decided by how much the salaries will be lowered.___A Russia-based basketball league with teams in five countries has abandoned its season without declaring a champion because of the coronavirus outbreak.VTB United League CEO Ilona Korstin says it’s not appropriate to continue the season “in the current situation when borders are closed, teams can’t train at basketball arenas and clubs have to allow foreign players to go home.” FIFPro says it’s “extremely concerned” that clubs in several countries “have begun to immediately lay off players or unilaterally reduce their salaries” because of the economic impact of the coronavirus pandemic.The Netherlands-based union says many players worldwide earn at or below average domestic income “and would be severely affected by salary decreases.”One club in Switzerland, Sion, terminated the contracts of nine players including former Arsenal pair Johan Djourou and Alexandre Song, who declined to accept reduced wages in a federal unemployment insurance program.FIFPro, which represents 65,000 men’s and women’s players, urges “clubs with short-term financial difficulties to meet with national player unions to negotiate fair and proportionate arrangements.”___ The Latest: US soccer league cancels 2020 summer season Turkish basketball team Fenerbahce says one of its players and three members of the technical and administrative personnel have tested positive for the coronavirus.Fenerbahce says none of the four have been hospitalized. They were being isolated and monitored at home.The player and three staff members were not named.___The Evian Masters women’s golf tournament has been moved to August because of the coronavirus outbreak. Top-ranked tennis player Novak Djokovic, his wife and their foundation are donating 1 million euros (about $1.1 million) to help buy ventilators and other medical equipment for hospitals in Serbia.Djokovic says his foundation’s staff “will be monitoring everything” to get the equipment in place.His wife, Jelena, is the global director of the Novak Djokovic Foundation. She says ventilators needed to help COVID-19 patients range in price from 10,000 to 50,000 euros ($11,000 to $55,000).The 32-year-old Djokovic won the Australian Open in January for his 17th Grand Slam title. Among men, only Roger Federer, with 20, and Rafael Nadal, with 19, have won more.___ Jae Crowder of the Miami Heat has donated $15,000 to Boston-based custom slide sandal company ISlide. That money will go entirely to the company’s affected workers. Crowder is an ISlide investor and says he felt compelled to give because he knows workers there are in need. Crowder says “to see the potential negative business impact from this outbreak compelled me to help in any way I could.”___ The Diamond League says “the meeting organizers, the Wanda Diamond League and World Athletics remain committed to delivering a structured extensive season in 2020.”___Spanish soccer club Barcelona says it will reduce the salaries of its players amid the coronavirus pandemic.Barcelona says its executive board has decided to temporarily suspend player contracts. That produces a “proportional reduction of the remuneration provided for in the respective contracts.”The players’ contracts will remain intact during the job suspension. Korstin says the league will start preparing for the 2020-21 season.Russian club BC Khimki was leading the league with an 18-1 record when it was suspended.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more