What is First-Party Fraud? - Socure Glossary

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Analyze every dimension of a consumer identity to capture up to 90% of fraud in the riskiest 3% of users.

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Identify and isolate synthetic identity risk at enrollment and in existing customer portfolios.

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Predict the risk of an address utilizing various risk intelligence and residency attributes.

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Predict the risk of an email and its correlation to an identity.

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Predict the risk associated with a device while binding known identities to known good devices.

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Predict the risk of a phone number as well as ownership utilizing various risk intelligence and phone number attributes.

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Achieve the highest auto-approval rates for all ages and populations with the highest level of matching accuracy across each PII element.

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Identify risk by matching identities against sanctions and enforcement lists, as well as PEP and Adverse Media registries worldwide.

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Instantly verify consumer provided name, SSN and DOB with the issuing authority - enhancing compliance and promoting financial inclusion.

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Authenticate government IDs, stop spoofing attacks, drive better decisioning, and approve more good users on the first try.

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Financial Services
Verify identities and stop fraud throughout the customer lifecycle, while meeting the most stringent compliance requirements.

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E-Commerce Marketplace
Strengthen the reputation of your ecosystem and instantly onboard more consumers and sellers without increasing risk.

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Sharing Economy
Ensure trust & safety while instantly onboarding more consumers, sellers, and gig workers without increasing fraud.

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Online Gaming
Maximize player conversion rates and reduce identity fraud losses while maintaining compliance.

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Buy Now Pay Later (BNPL)
Auto-accept more shoppers, attract more merchants, and protect your customers from identity fraud.

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Public Sector
Increase auto-verification rates of eligible individuals, improve program integrity, and eliminate manual reviews.

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Crypto
Verify identities faster and accelerate time to funding, trading, purchase, and storage.

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Workforce
Register and onboard more good applicants with passive identity verification.
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Identity Verification Solutions Q4 2022
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Home Glossary First-Party Fraud

First-Party Fraud

The use of one’s own true identity, parts of that identity, or the identity of next of kin to falsely apply for credit with the intent to commit fraud.

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First-Party Fraud

First-Party Fraud

Identity Starts Here.