Identity Verification Is Not Enough For Identity Theft.

Recent identity theft crimes unfold through a series of sophisticated steps: from stealing personal information to opening mobile accounts, bypassing authentication procedures, and ultimately executing loans. Victims often become involved in financial fraud without even realizing, while financial institutions are left to bear the resulting losses. mprovements to authentication alone cannot prevent these types of crimes; they require a more technical, data-driven detection system. IDEFENDER is an information-based identity theft prevention solution that combines the industry's leading detection technology (FakeFinder) with authentication data from Korea's No. 1 credit rating agency.