The existing problem of identity fraud is facing additional challenges, with fraudsters beginning to fabricate entire identities to steal money from financial institutes. Whilst the cybersecurity industry has grown to provide solutions to standard identity fraud, a unified solution to also tackle this ‘synthetic fraud’ is yet to arise.
Sentilink provides a unified fraud detection service that leverages AI-driven data analysis and human intelligence tools to detect fabricated identities. The company aims to stop the fabricated data of synthetic fraud in its tracks by verifying data through the Social Security Administration and other identify databases in real-time.
Whilst regular identity theft is also handled by SentiLink, the company has made a well-informed move by tackling the growing presence of synthetic fraud. The company ultimately aims to provide a framework before the form of fraud grows further, allowing financial institutes to resolve the problem before it affects them.
Steph
Company Specialist at Welcome to the Jungle