Chapter 19: Identity/Fraud (EFX Digital Solutions)
IN THIS LESSON
What is it?
To protect margins and unlock safe growth, Credit Abuse Risk empowers organizations to tackle the rising threat of first-party fraud, a type of financial fraud where an individual uses their own legitimate identity or credentials to defraud a financial institution or merchant.
Credit Abuse Risk is a velocity model that identifies fraudulent behavior by looking for non-linear fraud patterns over time like credit washing and loan stacking. By using FCRA-regulated data, Credit Abuse Risk provides defensible scores and reason codes to support compliant adverse action.