Identity Theft

15

the number of years in a row in which the identity theft ranked #1 among consumer concerns (FTC)

49%

of fraud prevention professionals pointed to identity fraud as the fraud scheme of greatest concern

50%

of all US consumers reporting being
a victim of identity theft

Performance

Identity Theft

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Identity theft has ranked #1 among customer worries for 15 years in a row. 30% of US consumers were notified of a breach in the past year, up from 12% from the previous year. For the first time ever, more Social Security numbers were breached than credit card numbers. Data breaches are causing consumers to lose trust in their institutions, shifting perceived responsibility for preventing fraud from themselves to their banks, service providers and other companies storing their data.

Dramatically reduce your risk of accepting orders using stolen data, while simultaneously reducing customer anxiety and friction, using the Fraud.net Identity Services with our substantial network intelligence.

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8 Billion Total Accounts

The average cost of a data breach has risen to $3.9 million for the company compromised, with the cost for each lost or stolen record increasing to $148. That cost does not include the money stolen by fraudsters using the stolen data at other merchants, financial services companies and other digital organizations, which can multiply those losses by hundreds of times.

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Controlled Growth

The Fraud.net platform is designed for fast-growth digital leaders.  Integrate quickly, test aggressively, and reap the rewards of continuous improvement. We are not a vendor, but a partner and co-investor in your long-term success.

Working with a tight budget?  Have a persistent problem that no one else has been able to solve?  Ask us about our ‘Start up’ and ‘Performance’ programs.

If you are serious about controlling fraud, removing friction and exceeding your risk-adjusted revenue goals, then contact us today about the right solution for your organization.

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Digital Strategy and Consulting

Ecommerce Merchants decline 45% of all transactions, however 22% turn out to be false positives.

This loss of revenue is significant to businesses already operating on slim profit margins.

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