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Total Cost Impact of Identity Verification Fraud



Customers attempting to sign-up

per/annum

Pass rate

Direct Fraud losses

per/annum

Vendor Costs

per/annum

Rate slider

Average match rates for onboarding new customers
  • pass
  • refer
  • friction
  • fail

Investigation Costs

Average cost of every fraud investigation
£
REFER decision rate
Loss
£

Friction Driven Drop-Off Costs

Lifetime value
£
Drop-off rate
Loss
£

Failed Identity Match Costs

Lifetime value
£
FAIL decision rate
Loss
£

Total Cost of Identity Fraud

£

per/annum