Using Enhanced Insights to Help Prevent Synthetic Identity Fraud

Blog Article
Using Enhanced Insights to Help Prevent Synthetic Identity Fraud

Synthetic identity fraud is the fastest-growing financial crime in the country, and by appearing and acting like legitimate accounts, these identities are challenging for banks, credit unions and other organizations to detect.

Companies across all sectors can experience this rising risk – from financial institutions looking to open more online accounts to government entities disbursing unemployment funds to corporations with access to sensitive customer information. It is critical to quickly develop a fraud detection strategy to prevent synthetic identity theft while confidently growing customer bases.

Our VP of Product Management, Chuck Moore, joined iSMG to discuss the ins and outs of synthetic identity theft and how the Early Warning® solution Verify Identity can help keep fraudsters out of company systems.

 

Early Warning’s VP of Product Management, Chuck Moore, is interviewed by iSMG to discuss synthetic identity fraud and how banks, credit unions and companies can use the Early Warning solution, Verify Identity to help stop this problem.