Identity Theft
Overview
Identity theft occurs when someone unlawfully uses another person’s personal information to open accounts, conduct transactions, or obtain benefits. In financial services, it drives new-account fraud, account takeover, and application fraud. Controls include robust identity proofing, behavioral analytics, velocity limits, and step-up authentication for anomalies. Post-incident processes matter: rapid credential revocation, session killing, and dispute handling reduce harm. Education helps customers spot phishing, vishing, and malware that harvest credentials or documents. For compliance, institutions must document prevention measures, respond to victims fairly, and file SARs when patterns suggest organized crime. Data minimization and strong authentication (e.g., passkeys) shrink the attack surface.
Stay ahead of risk with Signzy
Explore tools that help you onboard, monitor, and verify with confidence
Transaction Monitoring
Real-time transaction monitoring and analysis to identify suspicious activities and ensure regulatory compliance across all financial operations.
Biometric Verification
Authenticate users securely using facial, fingerprint, or liveness biometrics powered by AI. Prevent identity spoofing and stay compliant.
Database Verification
Verify user information instantly by connecting to trusted databases across jurisdictions. Ensure accuracy, compliance, and faster onboarding with real-time data checks.
