Fraud, Identity verification, Millennials, Payments

FRAUD BAD, MATH GOOD

Numbers are your friend
Posted by Jeff Scheidel on Apr 2, 2019

My wife, a brilliant numbers person, spent many years in the classroom as a teacher, until I finally convinced her to forgo the incredible pay and astounding benefits in exchange for life as a highly-in-demand math tutor. As a tutor, she typically gets two kinds of kids: the ones who can use a little (or a lot of) help, and the ones who are already killing it but have parents that want them to kill it even harder.

Fraud, Identity verification, socure, Credit bureau, Millennials, Identity theft

End-to-end customer life-cycle management through data science

Posted by Socure on Oct 2, 2018

In today’s digital world, identity verification is becoming increasingly important as the threat of identity fraud continues to grow. In 2017, there were more than 1,200 data breaches, with more than 2 billion separate identities stolen. Already in the first half of 2018, identity theft and synthetic identity attacks have more than doubled from Q4 of 2017. Traditional identity verification uses static rules and linear models applied to credit bureau data, which is often stale and easily accessible to fraudsters because, if we’re being honest, your birthday, Social Security number, and mother’s maiden name have already most likely been leaked in some previous data breach. So with these kinds of numbers, it’s clear that companies must rethink how best to originate user accounts online and develop new approaches for verifying their users. 

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