Application Fraud Prevention
This is an updated blog that was originally published June 27, 2023.

Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.

Account opening processes are speeding up, much to the delight of consumers...

Nickel & Crime Season 3, Episode 2: When the IRS Steals Your Identity

What happens when the person you turn to for help is the one committing the crime? We uncover the shocking story of Nakeisha Hall, an IRS employee who masterminded a $400,000 tax fraud operation. Instead of helping taxpayers reclaim their stolen...

Episode 2: Florida Men
A computer consultant sells his list of more than 700 synthetic identities to two Florida men to steal millions from COVID-19 relief programs. Synthetic identity fraud is the fastest growing financial crime in the U.S. and fraudsters are capitalizing on existing blind spots with traditional fraud risk models. Verify Identity is a new account opening tool built with ID Confidence, a Synthetics Indicator and Verify SSN to help stop bad actors from entering the system.
Identity Chek® Service Alerts

Alert identity theft protection subscribers of high-risk activities within their deposit accounts. 

How to Stop Scammers in their Tracks

By: Chief Fraud Risk Management Officer Ben Chance, Early Warning Services

As temperatures heat up across the U.S., so does criminal activity.  

At Early Warning Services, the network operator of Zelle®, our top priority is to provide a safe, reliable...

Navigating Synthetic Identity Fraud: Trends, Challenges, and Countermeasures in Banking
Explore this report on the state of synthetic identity fraud to understand the trends, challenges, and countermeasures banks are deploying to fight it.
Episode 5: Brotherly love
In 2021, A 74-year-old Washington veteran was sentenced to 25 months in prison for stealing his brother’s identity and collecting his disability checks for more than 30 years. Plot twist: the brother was reported missing in 1989 and what happened to him remains a mystery.
White Paper: Financial Identity Crimes in the U.S.

43% of U.S. consumers experienced financial identity theft – application fraud in their name or account takeover (ATO) – in the past two years1.

These attack patterns are a concern for consumers and for financial executives and only part of the...

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