Synthetic Identity Fraud News

Socure unveils identity fraud solution Sigma Synthetic Fraud

Socure has announced the launch of Sigma Synthetic Fraud, its latest addition to the Socure ID+ platform to address the problem of synthetic identity fraud.

Socure, synthetic identity fraud, identity verification, KYC, digital identity, online security

Jumio, AAMVA reveal biometric deduplication service to detect synthetic identity fraud

Jumio, launch, biometrics, deduplication service, US, DMV group, fraud prevention, AAMVA, American Association of Motor Vehicle Administrators, facial biometric, verification, government, ID document, security, synthetic identity fraud

AU10TIX reveals a collaboration platform to fight synthetic identity fraud

INSTINCT, AU10TIX, collaboration platform, fraud intelligence, synthetic identity fraud, ML, ID verification, identity risk, behaviours, criminal attempts, fraudulent ID credentials, CNP, onboarding, risk mitigation

BioCatch gets USD 145 mln funding to develop behavioural biometrics

BioCatch, a global behavioural biometrics provider, has completed a USD 145 million Series C investment led by Bain Capital Tech Opportunities, the growth investing business of Bain Capital.

funding, investment, BioCatch, behavioural biometrics, synthetic identity fraud, cybersecurity, social engineering, account takeover

New account risk assessment: Digital identities are the key

Julie Conroy, Aite Group, digital identities, PII, accounts, risk, banking, fraud, identity theft, synthetic identity fraud, data, dark web, behavioural biometrics, ML

The Federal Reserve warns about synthetic identity fraud

The Federal Reserve has issued warnings about synthetic identity fraud and is expected to release a report in early 2020 outlining ways that financial companies can mitigate the problem.

artificial intelligence, money laundering, AI, fraud prevention, fintech, fraud prevention, synthetic identity fraud, financial crime

Balancing UX with strong identity verification processes, crucial for businesses

IDology has released a new fraud report revealing the critical need for businesses to balance the digital consumer experience with strong identity verification processes.

IDology, fraud report, consumer trust, synthetic ID, fraud threats, data breaches, security, synthetic identity fraud

Bad guys want your data – a short introduction to Account Takeover fraud

Everyone loves their smartphone. These devices are packed with loads of apps that enable us to enjoy increasingly convenient shopping and banking experiences, organise our daily activities, help us keep fit, entertain us, and more.

DataVisor, account take over, synthetic identity fraud, credit application fraud, data breaches, machine learning, AI, DataVisor Fraud Index Report Q2 2019