The FTC On Identity Fraud’s Biggest Threat
“Accounts being taken over is becoming a less challenging threat than fraudulent accounts and synthetic identity frauds, where stolen data is attached to fabricated accounts and identities. Because in those cases, the merchant and the creditor don’t know you, outside of the authentication information you provide up front.”-John Krebs (Manager of Identity theft program at Federal Trade Commission (FTC)
For businesses to know you, they need to be able to identify you, not authenticate or verify. At TASCET, we have created a process that uniquely identifies individuals to ensure one person, one identity. The process ensures an individual is not attributed to multiple or synthetic identities, whether through human error or an attempt at fraud. In other words, nobody can be you but you.
