Security News > 2021 > July > LexisNexis Fraud Intelligence Synthetic Score improves synthetic identity fraud detection

LexisNexis Risk Solutions unveiled LexisNexis Fraud Intelligence Synthetic Score, a new product designed to help businesses mitigate synthetic identity fraud.

LexisNexis Fraud Intelligence Synthetic Score analyzes hundreds of unique identity characteristics and events to help businesses identify inconsistencies and fraud patterns in application profiles.

The LexisNexis Fraud Intelligence Synthetic Score goes beyond traditional pass/fail criteria for applicant verification to provide fraud risk warning intelligence to investigative teams for more efficient application review.

The Fraud Intelligence Synthetic Score helps businesses better predict and prevent the main drivers of synthetic fraud that erode profitability.

"Fraud continues to grow significantly in terms of attacks and costs, making identity verification, fraud detection and customer friction harder to balance," said Kimberly White, senior director of fraud and identity for LexisNexis Risk Solutions.

"Synthetic identity fraud has become the preferred method for many criminals and we are pleased to bring to market a solution that provides a robust view of identity and fraud behavior to help address the escalating synthetic identity fraud problem in the U.S.".

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