In a recent podcast episode, David Britton discussed the need to orchestrate fraud tools to seamlessly protect against bad actors while improving the experience for good consumers.

In our latest white paper, we explore the impacts of synthetic identity fraud and how the right toolset can help organizations identify and prevent it.

The acceleration to digital platforms created a perfect storm of new opportunities for fraudsters. Synthetic identity fraud, stimulus-related fraud, and other types of cybercrime have seen huge upticks within the past year and a half. In fact, the Federal Trade Commission revealed that consumers reported over 360,000 complaints, resulting in more than $545 million in COVID-19-related fraud losses as of September 2021. To protect both themselves and consumers, businesses — especially lenders — will have to find and incorporate new strategies to identify customers, deter fraudsters and mitigate cybercrime.

Created in partnership with One World Identity, this report provides an overview and analysis of the obstacles hindering digital identity management, the ambiguous regulatory landscape and issues with consumer trust. The solution: a layered approach that allows organizations to modernize identity and determine known, verified and unique individuals while also building in services customers want and expect. Click below to download the white paper.