NeuroID

The staggering pace of digital innovation requires enterprises and consumers alike to adapt in order to thrive in the modern marketplace. However, in much the same way you would secure growth for your company with the most effective new account fraud prevention and detection strategy, it’s best to take a proactive approach, rather than being reactive to technological evolution. Whether you’re a single parent, sole proprietor, or Fortune 1000 COO, it pays to keep up with the latest developments in digital identity. It’s not just about e-commerce—digital identity is on track to become a cornerstone of our increasingly global society. How quickly that happens is up for debate, but there are a few clear trends that can help inspired businesses and individuals alike keep up with this unprecedented advancement. Here are three evidence-based predictions about how digital identity will grow and change in the near future and how these transformations could impact your daily life. Digital Wa...

Digital fraudsters are more motivated and better equipped than ever, which means organizations like yours must work harder to stay ahead of their tactics. Avoiding the dangers of account opening fraud requires modern fraud detection that allows you to catch the bad guys at the point of attack. Although robust fraud detection tools are widely available and cutting-edge software proves extremely effective against fraud attempts, many businesses still fall victim to fraud rings, bot attacks, and other online hazards. Even if you think you’re protected, it pays to inspect and understand your system capabilities on a deeper level. To secure growth for your organization and keep bad actors at bay, it’s important to know how your fraud detection tools work. With that in mind, check out these three fundamentals of modern fraud detection. Tools That Go Beyond PII Achieving your goals in the digital space means expanding your user base, but you can’t afford to simply let fraudsters stroll t...

Securing digital growth is essential for the success of any organization in this day and age. However, the online marketplace is full of fraud rings, bot attacks, and other threats that can cause significant damage to any business, regardless of size or industry. Amid the cat-and-mouse game between bad actors and those in the account opening fraud detection industry, one variable presents a complex, ever-evolving challenge: the synthetic identity. And to make matters worse, there are different types of synthetic identities. Like most of the nefarious means fraudsters use each day, the successful implementation of a synthetic identity relies in part on complacent targets. Businesses that depend on outdated software make attractive targets for fraud rings and other bad actors. However, there are things you can do to protect your organization from the bad guys, even the sophisticated fraudsters using synthetic identities. Are you ready to learn about synthetic identities and how to avo...

It’s no secret: Companies in every sector lose revenue to fraud every year. A business that is successfully targeted by fraudsters, bots, or organized fraud rings can cost a business a whole lot more than they might even estimate. This means taking the right steps to counter that fraud, like employing effective new account opening fraud strategies, can save your business a whole lot of money. The reality is—many of these strategies can be easy to implement and a whole lot more profitable than you might have guessed. Here are four steps your company can take to effectively detect new account fraud. Train Your Team on Fraud Risks Training employees on the risks of some fraud is now fairly standard practice. The unfortunate reality is, however, that fraud attempts are becoming increasingly diverse and sophisticated. They also share similar elements—attempting to gain or exploit sensitive and financially compromising information. Phishing is a common and well-known exampl...