Frustrate and stop fraudsters at your front door

Identity fraud is a threat to all businesses

It can affect your customers, your revenue and your reputation - and it’s on the rise. With 59% of all Cifas-reported fraud cases in 2019 being identity fraud, it’s not something that is going away.

Fraudsters are using synthetic identities, account takeover and bonus fraud to open accounts. In some cases, these accounts can sit undetected for years.

What are the main types of identity fraud?

Synthetic Identities

Synthetic identity sees fraudsters combine real and fake information to create an identity and open an account.

48% of organisations believe it will be the most prominent form of fraud in the next three years. (Idology Seventh Annual Fraud Report)

Account takeover

Account takeover involves fraudsters stealing identities via data breaches or from vulnerable people and taking control of their accounts.

It accounted for 40% of fraudulent activity in 2018.(IDology Seventh Annual Fraud Report)

Bonus fraud

Bonus or sign-up fraud sees fraudsters using synthetic or stolen identities to open new accounts to claim sign-up incentives.

How to get ahead of the fraudsters

Identifying fraud at onboarding will save you time and money while enabling your business to grow.

Go beyond name, DOB and address

By layering traditional data checks with digital and behavioural data you can build a better picture of an identity.
Detect genuine presence

Trust that the identity being presented matches the identity opening the account with passive or active liveness checks as part of your onboarding process.
Understand previous fraud activity

Discover whether an identity has been used in fraudulent activities with real-time feedback from the Cifas National Fraud Database.
A fraud problem shared

By collaborating and sharing data related to fraud, consumers and businesses are protected as knowledge is shared.