Offers Real-Time Insight into Identity and Device Risk to Help Enterprises Improve Fraud Detection Rates, Reduce Operational Expenses and Improve Customer Experiences

ID Analytics, announced a new version of its flagship fraud detection solution, ID Score, which combines real-time insight into identity risk with the option of insight into device risk to help enterprises improve fraud detection for new account applications.  The solution harnesses the power of the ID Network®, one of the nation’s largest networks of cross-industry consumer behavioral data. ID Score 8.3 is one of the first solutions to combine identity and device risk to deliver a unique and powerful view into application fraud.  This improved visibility into consumer behavior enables companies to improve fraud detection rates, reduce operational expenses and enrich the customer experience.

Application fraud is a cross-industry problem spanning a variety of sectors including financial services, telecommunications, eCommerce and government that continues to cost leading organizations millions of dollars annually.  Organizations are challenged to keep pace with criminals’ evolving fraud techniques as fraud continues to rise. At the same time, they need to meet the increasing demands of the consumer with convenient self-service technologies across multiple channels.  As the number of legitimate and fraudulent applications submitted through these channels increases, companies face the challenge of protecting a business which is constantly exposed to risk. To mitigate this risk, organizations require a real-time understanding of application fraud risk across more channels with greater accuracy than ever before.

About: ID Analytics is a leader in consumer risk management with patented analytics, proven expertise, and real-time insight into consumer behavior. By combining proprietary data from the ID Network®— one of the nation’s largest networks of cross-industry consumer behavioral data—with advanced science, ID Analytics provides in-depth visibility into identity risk and creditworthiness.  ID Analytics is a wholly-owned subsidiary of LifeLock, Inc.

Source: ID Analytics