Stay a step ahead of identity theft and synthetic ID fraud.

With the growth of a more connected economy, business is becoming increasingly complex as more transactions move into the digital space. Financial institutions are now challenged with detecting rampant identity theft and more sophisticated application fraud. That’s why you need a comprehensive solution that begins with quickly identifying suspicious information and potential fraud.

With Equifax, you can help protect your business from fraud with alerts to quickly spot fraudulent identity components that might indicate synthetic fraud or identity theft. FraudIQ® Identity Alerts assist in identifying potentially fraudulent information on account applications such as credit fraud victim alerts, misused Social Security numbers (SSNs), hot addresses, suspicious phone numbers, and other potential risk factors.

“One out of every three false positives we see is actually a synthetic identity.”
Laurie Anderson, Equifax Identity & Fraud

Effective screening is the critical first step in helping identify and further investigating potentially suspicious activity.

Identity Alerts use detailed comparisons and proprietary analytics to deliver alerts based on:

  • Credit file (fraud victim, active duty)
  • Address and phone number
  • SSNs

Infographic source: Equifax/ survey, July 2021

Identity Alerts leverage more than a dozen up-to-date public and proprietary database sources, which help effectively detect potential identity theft and application fraud. The alerts are not industry-specific and can be used across any industry to help detect fraud before it happens. Furthermore, they can be delivered through multiple channels and are easily added to existing processes by seamlessly integrating with your existing risk tools.