Millions of consumers fall victim to account takeovers and card-not-present scams. Identity theft and fraud cases are on the rise, and they’re costing brands millions of dollars each year. But identity theft and fraud aren’t the only threats. There are also numerous official Telephone Consumer Protection Act (TCPA) complaints filed every year — with fines ranging from $500 to $1,500 per violation.
The number of brands and consumers affected by identity theft and fraud is staggering. Now more than ever, fraud and risk and compliance professionals must work to protect their assets and customers that are being targeted.
Brands seeking to proactively mitigate risk and maintain compliance are turning to consumer identity data as a first-line-of-defense. Powered by data-driven solutions, brands can combat fraud — while also complying with TCPA and PATRIOT Act regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML).
Infutor’s TrueSource™ Identity Graph has 30+ years of consumer identity data history (with 97.5 million daily updates). These unmatched assets verify and score consumer identities to mitigate risk while ensuring regulatory compliance. This data includes hundreds of millions of consumer records tied to 1.3 billion current and historical addresses.
Infutor’s data contains Social Security Numbers (restricted), gender, date of birth, deceased date, aliases, historical address information, and effective dates for each address change. Add authoritative telephone network data, and you have an identity graph unmatched in the industry.
All individual records are linked by a Persistent ID, identifying a single individual over the course of many years, name changes, aliases, and address changes. The data is compiled from thousands of public and proprietary sources, all of which are non-GLBA and non-FCRA encumbered, making it one of the largest non-regulated consumer databases in the industry.
Infutor’s on-demand ID Authenticate verifies, scores, and enhances all of a consumer’s contact information. It also enables streamlined manual review processes. Avoid the risk of account creation and account takeover fraud, and manage long-term risk by monitoring changes to key customer information that might trigger an alert to a change in their profile.
Infutor’s TCPA Premium makes compliance easy by protecting risk and compliance-conscious brands through real-time intelligence on potential risks and violations. This compliance solution compares brands’ data to our expansive TrueSource™ Identity Graph — composed of authoritative telephone network data — for instant validation of name, phone number, phone type and consent date.
