Credit Bureau Connection (CBC), the industry leader of credit reports, compliance solutions, alternative credit data, and soft pull products, announces a new Synthetic Identity Fraud prevention solution. An additional set of identity fraud detection tools created to detect and prevent this new, rapidly increasing form of fraud.
Synthetic Identity Fraud differs from tradition identity theft in that the perpetrator creates a new synthetic identity versus stealing an existing identity. Understanding what synthetic identity fraud is, is the first step in detecting it. CBC uses proprietary logic that unmasks how thieves create synthetic profiles and have developed an in-depth and effective way to thwart Synthetic Identity Fraud by distinguishing a fraudster from a legitimate customer at the beginning of the sales process.
CBC’s Synthetic Identity Fraud detection solution compliments the current suite of fraud detection tools available with CBC’s eCredit Complete software. By adding this new advanced level of fraud detection, we can identify potential threats that may not be detected using traditional fraud detection methods.
CBC utilizes industry-leading technology consisting of over 40 different risk-related elements that are used to create synthetic fraud credit profiles and delivers an easily detectable Synthetic Identity Fraud score that is very effective in detecting those synthetic identities that are established and approaching the maturity level necessary to perpetrate fraud.
A Message From Mike Green President/CEO CBC:
"Early detection of potential Synthetic Identity Fraud is paramount to its success. We have added synthetic fraud detection to our industry-leading ID Theft/Red Flags Rule compliance to deliver a one-of-a-kind solution our customers have come to expect."
The Synthetic Identity Fraud solution is available as an add-on to Credit Bureau Connection’s Advanced Red Flags compliance suite. For more information, contact: 800.448.0183
CBC will be showcasing our newest products and services at NADA 2019 (Booth 7700W) January 25 - 27, 2019 | Moscone Center | San Francisco, CA
Credit report solutions, soft pull credit report solutions, online web applications, eZ Form-Fill technology, alternative data solutions, robust compliance solutions, and more, all in one place. Learn about CBC's industry leading products and solutions that are continually improving the automotive financing marketplace.
