Fraud reduction
Beating the fraudsters with electronic ID verification
Online fraud and identity theft is a global issue affecting businesses and consumers every day. The increase in globalisation and the lack of cyber borders provides an environment that's ripe for identity fraudsters to operate, individuals who may have numerous identities - actual, stolen, or cyber; and may be acting alone or as part of a sophisticated criminal ring. Today Identity fraud is the fastest growing area of criminal activity in the world, according to the Association of Certified Fraud Examiners the cost to the global economy is estimated to be over $4 trillion (USD) annually. It is a problem of epidemic proportions, every country in the world is affected.
Organisation need to be able to protect themselves from the rising cost of ID fraud and comply with legislation whilst simultaneously offering customer high service levels.
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With GB Group's innovative ID3global, we can support businesses around the globe, to protect themselves, and their customers, against identity fraud. By providing screening against the most comprehensive range of identity information, ID3global can confirm to a high degree of assurance that your customer is who he says he is. By cross referencing a variety of different data sources, including data supplied by your own organisation if appropriate, ID3global offers higher match rates and greater accuracy in detecting customers or employees who falsify their personal information or use forged documents or payment cards.
GB Group’s ID3global reduces ID fraud simply by mapping on to your own risk strategy. Low risk customers, buying low risk products, can be handled very differently from customers in high risk groups buying the very latest “must have” product.
By including an ID verification check at the point of engagement, we can help you maximise customer sign-up rates and reduce fraud levels by as much as 70%, all in a consistent, compliant environment across all your sales channels.
"Within 24 hours of completing our staff training on how to use electronic ID Verifciation, our people blocked a fraudulent loan application for £75 000! The return on investment for us has been transparent and instantaneous. electronic ID Verifciation provided a quick, and definitive answer saving us time, effort and a potentially significant loss." Picture the Loan
Click the pdf icon to read the ID3global product brochure
To speak to a member of the GB Group team please call 0845 838 1000, email marketing@gb.co.uk or fill in our online enquiry form.
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