News, Articles and Case Studies

Identity theft, credit fraud, on the rise

25 August 2014

CREDIT information company Veda analysed $1.6 trillion worth of credit applications in the year to June 30 and found that $1.9 billion worth of those applications posed fraud risks.

Play your part in Fraud Prevention

24 June 2014

There has been alarming rise in credit application fraud lately and according to Veda’s Imelda Newton it’s not in the softer areas such as exaggerating income, but in the actual stealing of identities.

Fact trumps fiction as identity fraud spikes

3 June 2014

Credit providers have been warned to increase their defences against fraudulent activity following the release of data that shows credit application fraud in Australia is now at its highest level since 2009.

Fraud Surge Calls For Credit Providers To Unite

1 June 2014

Credit application fraud is now at the highest level since 2009 as fraudsters devise new ways to defraud financiers. Data intelligence company Veda says the best protection comes from credit providers working together.

Veda appointed as authorised provider for the Australian Government’s Document Verification Service

2 December 2013

Veda, Australia’s leading provider of electronic identity verification services is pleased to announce that it has secured authorised access to the Document Verification Service (DVS), an Australian Government service verifying key Government issued documents.

Veda launches Knowledge Based Authentication to help fight fraud

25 November 2013

Veda Group Limited (Veda), the data analytics company and leading provider of credit information and analysis in Australia and New Zealand, has launched Knowledge Based Authentication (KBA), the latest feature to their renowned IDMatrix electronic identity verification service.

Veda Releases Enhanced Functionality for its IDMatrix Product

12 November 2012

Veda announces the release of enhanced functionality for its market-leading online customer verification product, IDMatrix, which now enables users to perform both an identity verification and a fraud assessment in a matter of seconds when processing new customers.