5 Ways to Combat Identity Fraud

Identity fraud is the unauthorized use of an individual’s personal information, such as name, Social Security number or account details to commit fraudulent activities. This type of fraud is often seen in the financial services industry though it occurs in various forms across all industries. Identity fraud is pervasive and continually evolving as bad actors develop new methods to bypass security systems.

Organizations should implement a multi-faceted approach to combat identity fraud. These are some of the important actions they can take.