Synthetic ID Fraud Prevention
Organizations offering access to online services are facing a new challenge – Synthetic Identities. Synthetic Identity Fraud (SIF) is a complex form of identity theft that occurs when a fraudster uses a combination of personally identifiable information (PII) of individual(s) to create a false or “synthetic” identity. To mitigate the threat, organizations must rethink how they currently enroll and verify identities remotely.
Recognizing the need for accurate identity onboarding and secure access, 1Kosmos has built the BlockID platform to detect synthetic identities and reduce new account fraud.
Download now to learn more!