Stop Fraudsters,
Welcome Customers.

Fraudsters create fake identities using partially or fully fabricated personal information, often combining fake names and IDs with stolen or random Social Security Numbers.

This is a common type of onboarding fraud where the fraudster uses stolen identity details to set up an account. They can then use this account to make purchases, take out loans, or launder money.

This occurs when a fraudster uses stolen or fake device information, or hides their real IP address, to avoid detection when creating a new account. Risk systems should track device information and flag suspicious activity, like multiple accounts created from the same device or IP address.

Fraudsters can use automated bots to create numerous accounts in a short period of time. Risk systems need to identify and block such high-speed, high-volume activity.

These are accounts created to launder money. A fraudster might convince an unsuspecting individual to open an account, then use it to receive and transfer illegal funds. Risk systems should flag unusual transaction patterns that could indicate a mule account.