PHOENIX — A free-ranging panel at the BAI Payments Connectconference that focused on fraud left attendees with a takeawaythat old frauds never die, they don't even fade away.

A case in point: New account-opening frauds are spiking upwards,said Scott Grizzle,an executive with Capital One. Nobody saw this coming but it isfact, said Grizzle.

A prediction from the panel: old-fashioned check fraud likelywill vault up in 2015, as PIN and chip cards help lessen mag cardfrauds and ATM skimming

Also from BAI Payments Connect:

• 5 Facts You Don't Know
• The Rise of the Non-Bank
• Underbanked, Unbanked and Fraud
• Now Up: Cross-Channel Fraud
• Digital Wallet Update: Try Something,Anything
• On Mobile: Go Big or Go Home

Another growth area: elder fraud, said Steve Vallejo, afraud expert with Bank of the West, who had logged decades as anFBI agent before joining the bank. Obvious demographic forces – theaging of the Baby Boomer population coupled with the fact thatwealth tends to be greater in older groups – has fueled a big jumpin elder fraud, said Vallejo.

Vallejo's strong advice: financial institutions need to be veryalert to possible elder fraud because this is a crime that getsmore sophisticated.

Ori Bach, anexpert with call center monitoring company NICE Systems, talkedabout call center fraud which is also on the rise. He pointed towell-publicized security meltdowns that started with call center fraud – using socialengineering to get password info, for instance.

Bach stressed that in his view Knowledge Based Authentication –what is your high school mascot? – is thoroughly broken becausewebsites such as Facebook have made that information publiclyavailable.

He also said that Caller ID too is “broken,” because of the wideavailability of spoofing tools that let a fraudster appear to be aknown customer, but pinned that on what he said were untrained callcenter personnel who believe what they see on the Caller IDscreen.

A sliver of encouraging news from the panel: more professionalfraud fighters are doing more sharing with their peers, as theytalk about emerging techniques of theft and also of mitigation.This increased investment is helping financial institutions betterrespond to fraud, said several panelists at the Monday afternoonsession.