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...

Check fraud is growing at a shocking pace. In 2022, banks filed 680,000 check-fraud reports—nearly doubling the 350,000 reports filed in 2021.1 While check fraud is an age-old threat, its resurgence is catching even the most forward-thinking financial institutions (FIs) off guard. In this guide, we explore what check fraud looks like in the age of digital banking, the impact on banks and credit unions and effective check fraud prevention best practices.

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.