Traditional online identity verification solutions are failing to stand up to today’s fraudsters. In 2016, more than 25% of identity theft fraud involved the use of stolen information to open new accounts.
The same features that make digital account openings so appealing to consumers — convenience, speed, and ease of use — are also what make them so vulnerable to fraud.
To make sure people are who they say they are, businesses need to up their identity proofing game. In this infographic, we outline a six-step identity proofing plan that uses behavioral biometrics to bring an end to application fraud.
Learn more about the role of behavioral biometrics for identity proofing in this study from Javelin Strategy and Research.