Fraud in the private sector
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Experian's fraud prevention expertise
Fraud is an increasingly prominent and costly business issue for many organisations. Experian’s data assets and fraud products are unique and over 300 blue-chip clients across many market sectors help prevent fraud. Experian is constantly investing in new products and working with organisations and industry bodies to stay one step ahead of the fraudsters.
Fraud is the biggest cause of revenue loss for financial, telecommunications and insurance organisations and the resulting losses always affect profitability. Our software and information will help you to detect potentially fraudulent applications even before a customer is accepted, in a speedy and efficient way.
Experian can provide you with instant verification, validation and authentication tools for preventing fraud in real time, while conducting secure online and call centre transactions. Experian can also provide you with the confidence that employees are who they say they are and are qualified to do the job with its Background Checking services.
Open account fraud
Experian can monitor account patterns and assess customer behaviour based on the likelihood of them committing ‘open account fraud’ and preventing ‘bust-out’ or ‘sleeper’ fraud.
Experian develops products specifically for the insurance industry that verify information, quantify risk and investigate and prevent fraudulent claims.
Identity fraud protection
Experian can validate a customer’s bank account details to confirm that the person that you are interacting with is who they say they are. Experian can also help your organisation to protect your customers and staff in the event of ID fraud.
Data breach response management
Experian provides data breach response management to protect customers and staff in the event of a data breach, for example through unauthorised access to personal information such as bank account details.
Experian’s range of vehicle history products and services are specifically developed for the automotive industry and help to protect your business and your brand by reducing your exposure to risk.
Are you concerned about fraud in the private sector?
Let Experian help your business with our fraud prevention services. Contact us today!