Fraudsters trying to take over an identity or phishing for information may attempt to verify the same details multiple times or subtly change details for each attempt.
By enabling the Velocity assessment or ID Takeover Alert, you can be notified of suspicious identity verification attempts based on pattern matching within a predefined time period. These assessments can be included as part of the identity verification check to provide a single view of risk for each onboarding attempt.
- Customisable pattern matching based on your organisation’s risk profile
- Excellent early warning detection of fraudulent behaviour
How it Works
By providing an individual’s personal details such as name and date of birth, the Velocity Assessment or ID Takeover Alert feature counts how many times those details have passed through the system over a given period of time.
Anytime an identity check exceeds the configured thresholds, the result is fed back into the Fraud Assessment framework to be considered as part of your overall IDMatrix result.
Read this article to learn more about how to protect against Identity Theft.
Check out this Infographic to get a summarised overview of how ID Takeover Alert can help protect your business.