New Account Opening Fraud Detection & Prevention

Your goal. Our mission. Measure how familiar users are with the PII they input and separate bad actors from genuine applicants to secure your growth with new account fraud detection and prevention.

SEE HOW IT WORKS

Fraudsters are causing a Digital Identity Crisis

Fraud stacks rely on compromised data

Today’s identity verification software looks backward: checking where applicants live, what their credit score is, and other personal identifiable information (PII) connections. Meanwhile, fraudsters are harvesting PII and using it to defeat these systems through aggressive, targeted attacks.

Fraud ring attacks are evolving

Sophisticated fraud rings are cunning, aggressive, and focused, even taking the time to learn about their targets step-up policies. They’re often not detected until it’s too late—and many prevention systems use blunt force tactics that lock out both genuine and risky applicants.

False positives cost more than fraud attacks

Aite-Novarica Group predicts that false positives will cost digital merchants $443B in revenue over the next two years. Fraud prevention systems declining genuine customers is often seen as a cost of doing business in the digital world. It doesn’t have to be that way.

Anytime your applicants tap, type, or swipe they are creating behavioral data. NeuroID uses this ‘digital body language’ to determine legitimate or nefarious intent—without capturing or storing any PII.

Fraud is evolving. So should your tools.

NeuroID’s ID Crowd Alert™ provides proactive fraud ring detection by monitoring crowd-level behavior and alerting to behavior indicators that signal bots or fraud ring attacks.

DIG INTO THE ANATOMY OF A FRAUD RING ATTACK

Data-driven decisioning

Passive identification illuminates new ways to weed out bad actors, without harming genuine users’ experiences. Streamline internal processes and detect bots, fraudsters, and fraud rings, as well as enhance data-driven decisioning throughout the customer journey for measurable bottom-line impact from preventing friction, fraud, and false declines.

READ WHY CYBERCRIMINALS ARE KILLING CONVERSIONS
Man sitting using a computer

Unlock the value of digital behavior

Behavioral data has long existed—it’s the simple taps, types, and swipes of user interactions. NeuroID uses that data to unlock your users’ state of mind and determine if they are genuine or risky, without relying on compromised PII.

HOW IT WORKS