White Paper
Assessing the Threat to FIs
Expand Details
Stolen and synthetic identities pose significant threats to the financial industry in North America, as fraudsters exploit systemic vulnerabilities using identities built and orchestrated by AI from a combination of real and fabricated information. The result is identities that are much harder for fraud fighters to detect and prevent.
In this Datos Insights white paper, you’ll learn:
- How criminals’ use of AI puts the integrity of the identity verification process at risk.
- Why many financial institutions are struggling to identify synthetic identity attacks.
- Which resources FIs need for a layered, comprehensive approach to synthetic identity fraud detection and prevention.
Download the white paper now to learn how financial institutions can evaluate new and existing customers to detect stolen and synthetic identities and mitigate related fraud losses.
About Deduce
Deduce detects stolen and synthetic AI-driven identities that fool legacy identity-fraud security solutions and damage trust. Deduce unmasks these identities using patented technology and the largest purpose-built, activity-backed identity graph, which sees 185M+ identities more than three times every week, generating 1.5B+ authenticated online events per day across 150,000+ websites and apps. Deduce Identity Graph data drives real-time multicontextual digital forensics to protect new account opening workflows, expose “sleeper” stolen and synthetic identities that are already in customer databases, reduce friction and false positives in onboarding, reduce onboarding operational costs, and improve customer acquisition KPIs.
Deduce awards include Tech of the Future – Fighting Fraud at the 2024 Banking Tech Awards USA, the #1 Security spot in Fast Company’s World’s 50 Most Innovative Companies 2022, and the 2022 CISO Choice Award for Fraud Prevention. Learn more about the AI-driven identity fraud threat and Deduce’s solution at deduce.com.