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.

The methodology and the technology that banks use to screen and validate new account applicants should have a dual purpose

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

Zelle®, in partnership with EVERFI, the leading social impact education technology company, today launched “Money Moves: Modern Banking & Identity Protection™”. The free digital education course, available to high schools across the United States.