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Running an effective and complete identity validation program

Running an effective and complete identity validation program
 

Fraud and risk management are big businesses, and the proof is all in the numbers. In 2020 alone, there were over 1.3 million cases of identity fraud, tripling in just two years. In the United States, 33% of adults have experienced fraud in some capacity. That is twice the global average. Of that fraud percentage, 45% can be attributed to new account credit card fraud (Insurance Information Institute).

So, how are fraudsters able to get away with this much criminal activity? It all boils down to a lack of proper validation, verification and on-going authentication processes in place.

Download this whitepaper by Intellicheck and explore how identity validation and verification can be used for fraud prevention.

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