Every day, around the clock, fraudsters hack into customer accounts. They make profile changes, and other non-monetary requests, to disconnect customers from their financial institutions. The goal is to drain the account and disappear…before anyone knows what’s hit them.
In this short video (01:56), you’ll see how Safe2Change from ID Insight helps stop account takeover attacks by identifying anomalies and out-of-pattern behaviors related to:
- Personal identifying information
- Contact methods (email, phone, address, IP)
- Requests (cards, passwords, etc.)
- Frequency and combinations of non-monetary elements
Only Safe2Change has access to a fraud-intelligence platform that combines patented analytics and advanced machine learning with non-monetary and predictive identity data networks to identify and stay ahead of current and evolving threats. It examines hundreds of identity and profile attributes, non-monetary events, mobility patterns, geographic crime dynamics, and more. Once this data is gathered from multiple sources, Safe2Change goes through a sophisticated linking and analytics process that assigns a fraud risk score with associated reason codes, giving fraud investigators the information required to prioritize cases and take necessary action.
However, even after the initial non-monetary event, Safe2Change continues monitoring customer non-monetary data and alerts fraud investigators to take another look if the fraud-risk has changed because of new anomalies or high velocity. Watch the video and find out how Safe2Change can help you mitigate the effects of account takeover, including financial losses, customer friction, and reputational damage.