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.

Behavioral analytics and entity linking come together with risk decisioning in a comprehensive authentication platform

Explore this report on the state of synthetic identity fraud to understand the trends, challenges, and countermeasures banks are deploying to fight it.

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.

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...

Expanded Predict New Account Risk capabilities from Early Warning® harness shared data to help banks and credit unions fight fraud