Glossary

Phantom Debt

Phantom debt collection fraud appears in many variants, but the most common component among them is the claim that a customer is indebted and has to pay it, or else they will incur heavy penalties. Regardless of whether the customer really took out a loan or not, they may accept a call later during which they will be asked to pay the money of the loan.

Get Started Today

Experience how FraudNet can help you reduce fraud, stay compliant, and protect your business and bottom line

Request a Demo

You might be interested in…

Webinars

Webinar: How AI and Machine Learning Enhance Risk Scoring and Revenue

Discover how AI and machine learning are transforming risk management and fraud prevention, by building models tailored to your transaction patterns, seasonal trends, and industry-specific behaviors.

webinars
ai-and-machine-learning

Articles

Combatting Synthetic Identity Fraud

Synthetic identity fraud (SIF) is rapidly becoming a major headache for financial institutions and businesses worldwide. Unlike traditional identity theft, where someone steals an individual’s data, synthetic identity fraud involves creating entirely new identities by piecing together real and fabricated information.

articles
banking
identity-verification

Articles

Global Identity Check: Elevate Fraud Prevention with Confidence

A Global Identity Check is a sophisticated fraud prevention process that verifies the legitimacy of individuals or entities by analyzing their information against vast global data sources.

articles
identity-verification

Recognized as an Industry Leader by