Equifax Fraud Services

Five Steps to Detect and Deter Fraud

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Five Steps To Detect And Deter Fraud FraudIQ ™ Manager Start with Frictionless Tools Understand Analytics and Big Data Incorporate Customer Data $28.6 Billion by 2016 The cost of fraudulent applications is expected to rise to Managing your fraud and high risk workow can be difcult because it requires balancing the competing priorities of optimizing the customer experience, minimizing operating expense, meeting regulatory requirements and mitigating loss. Scores, models and rules systems work in the background to detect suspicious identities early in the application process. Leverage proprietary, up-to-date data sources, and use predictive modeling and sophisticated analytics to discern unusual behavior patterns. Take advantage of your own customer data to verify identity elements against past identity history. Learn From Data Exchanges and Consortiums Use the power of a network of similar companies to share fraud-detection information. Isolate fraudulent identities "in play" across your industry before fraud happens. Update fraud strategies immediately to adapt to changing fraud trends. Gain control over building, testing and implementing rules. Integrate fraud detection measures into the decisioning process in real-time. Embrace System Flexibility Quickly react to new trends and ever-changing tactics, follow fraud patterns, identify fraud patterns earlier, and control false positives. A complete fraud management solution for advanced defense against account opening fraud and for improved efciency in fraud management processing. Reduce manual review costs - half or more of a fraud budget can be spent on manual reviews. Copyright © 2015, Equifax Inc., Atlanta, Georgia. All rights reserved. Equifax and EFX are registered trademarks of Equifax Inc. IXI is a trademark of Equifax Inc. All other registered marks, service marks and trademarks listed are the property of their respective owners. For more information, please contact: 877.262.5261 equifax.com/business/prevent-fraud Research with customer data shows that: * Internal studies are based on individual company data. Each organization's fraud situation and results from fraud prevention tools will vary. of fraud overall.* 55% Matching rules capture about 20% of fraud.* Validation rules which isolate high-risk variables capture about of fraud.* Rules highlighting lack of consistency within an application catch about 25% Verify over 500 million identities each year in the U.S. alone Complete more than 1 million new nancial account openings in the U.S. each day Process 3+ million real-time transactions worldwide each month Identify 230+ million individuals in the U.S. Equifax Data: 220M Consumers 30M Businesses 400M Billing Accounts 108M Public Records Reduce abandonment rates - strengthen the foundation of a good customer experience. Recognize fraud patterns and tactics early and adapt your rules to capture new fraud techniques. 1 2 3 4 5 First Party Fraud, The Aite Group, http://www.aitegroup.com/report/rst-party-fraud-global-battle-against-diabolical-charge-offs Identify and focus on the potential frauds that carry the most risk to your business. FraudIQ Manager gives analysts and investigators detailed information on potential frauds and helps manage strategies in real-time.

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