The Problem:
Fraudsters Are Looking for Freebies
The intent of fraud is to get something without paying. Fraudsters might use a synthetic identity to create an account, steal a real identity to get account access, or return a product that they didn’t buy – and that’s just the tip of the iceberg. After fraudulent activity, the damage to your business can include stolen products or money, and a damaged reputation; on the consumer side, they now have to reclaim their identity and rebuild from the damage the fraudsters caused.