Fake Account Creation

Streamline the customer onboarding experience by identifying potential bad actors during the account creation process, reducing friction for your legitimate customers, and improving trust and safety within your platform.

Identify Potential Bad Actors

Identify stolen or fabricated information during the account creation process, stopping fraud.

Reduce Friction for Legitimate Customers

Streamline your user registration process by validating legitimate customers and identifying bad actors.

Improve Trust and Safety Within Your Fraud Platform

Prevent illegitimate access to your platform with a sound fraud prevention approach in validating users.

How Fake Account Creation Occurs

Fraudster Creates Account

Fraudster creates accounts using stolen identity information or a synthetic identity that was fabricated using a combination of real identity information.

Fraudster Conducts a Transaction

Fraudster conducts transactions ranging from purchasing products or services to executing money transfers.

Fraudster Logs Onto Account

Fraudster logs onto the account created and may mimic legitimate user behavior to build credibility.

The Ekata Solution

By creating a fraudulent account, bad actors have a wealth of options at their fingertips. They could use stolen or synthetic identities to open new accounts at financial services institutions to gain instant credit, to seek loans, to launder money, and for credit bust-out schemes. The same bad actors could generate value through promotional abuse that could cause reputational damage to merchant’s platforms and chargebacks that eat into their profits.

The Account Opening API exposes a set of proprietary network signals that gives insight on the legitimacy of the input credentials so as to assess the validity of the account created.

ACCOUNT OPENING API

Webinar

Mitigating Fraud: A Conversation on Proactive Account Protection

Watch this on-demand webinar to learn how a major American retailer leveraged identity data and machine learning to combat fraudulent account openings and takeovers (ATO).

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Webinar

How You Can Stop Account Abuse with Sift and Ekata

Learn in this on-demand webinar how applying dynamic friction to the account lifecycle can help you better assess risk of a customer and provide the right user experience based on your trust level.

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See for Yourself

See how Ekata can reduce fraud risk for your business. Contact us today.