Tackling Synthetic Fraud: Our Detection Solutions

The rise of synthetic fraud has become a pressing concern for Australian businesses across all industries. As a complex and evolving form of identity theft, synthetic fraud involves criminals creating fictitious identities by combining real and fabricated information. They open fraudulent accounts, obtain credit, and eventually inflict significant financial losses on businesses and financial institutions.

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Tailored for the Australian market

Our solutions are specifically designed for Australian businesses, ensuring compliance with local regulatory requirements and optimal performance in the unique market landscape.

Comprehensive risk assessment

Gain a holistic view of potential risks through our in-depth risk assessment tools, empowering you to make informed decisions and allocate resources effectively. Synthetic fraud is often targeted to ‘get around’ KYC and IDV protocols.

Digital Footprint Analysis

This encompasses analysing email addresses, phone numbers and social media profiles to determine the legitimacy of the provided details. By conducting a reverse search using an email address or phone number, you can assess whether the user’s digital presence appears genuine.

business protection

Safeguard Your Business & Customers from Synthetic Fraud

Reveal the true identities of your users! In today’s world, safeguarding your customers’ identities, and personally identifiable information (PII) has become increasingly important. As synthetic fraud continues to rise and pose a growing challenge, businesses must recognise the significance and employ a robust data verification strategy.

combat fraud

Australian Data Solutions to Combat Synthetic Fraud

Our synthetic fraud prevention solutions offer;

  • Risk Data Sources; A comprehensive range of data sources to enable thorough validation and verification of information, minimising the risk of synthetic fraud slipping through the cracks.
  • Real-Time API Queries; Leverage sophisticated and targeted query signals such as phone, email or address verification. Track customer behaviour and transactions in real-time to identify and respond to suspicious activities promptly, thereby reducing the potential financial impact.
  • SaaS Verification Lookups; Subscribe to our advanced SaaS lookup portal, Caspar, to analyse for anomalies in customer data, enhancing the accuracy and effectiveness of fraud detection.
types of fraud

Understanding Types of Synthetic Fraud

Synthetic fraud can manifest in various forms, making it essential for businesses to be aware of the different types in order to implement targeted prevention strategies. The most common types of synthetic fraud include;

1. Manipulated or Blended; In this type, criminals use a combination of real and fake information. This makes it difficult to link the fraud back to a specific individual.

2. Fabricated; Here, all the information used to create a synthetic identity is entirely fictional. This includes fake names, licence numbers, addresses and other personal contact details.

3. Self-Synthetic; In self-synthetic fraud, individuals create an identity using their own personal information but altering certain details, such as address and contact information. This is often done to escape debt or bad credit history associated with their actual identity.

What our customers say about Caspar

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"Caspar has proven to be an amazing asset for our team. In more than 95% of cases, it consistently provides detailed information about our customers or applicants. The depth and accuracy of the data returned by Caspar is truly remarkable, exceeding our expectations all the time."

BNPL Client
Head of Data

"As a debt recovery agency, locating customers is central to our operations. We have experimented with various systems in the past, but none have matched Caspar's capabilities. It stands out for its extensive data volume, unmatched accuracy, and reliability. Caspar has become our primary tool."

Credit Collection Client
GM of Operations

"Traditionally, we relied solely on internal data sources and programs, but subscribing to Caspar has marked a significant advancement for our operations. Initially, we intended to use Caspar exclusively in our KYC and fraud detection teams. However, impressed by its performance and the quality of data, we expanded its application to include our credit risk and collections departments. A great tool."

Major Banking Client
Head of Data Sourcing

"Caspar has been so important on how we approach lending and investment decisions in Australia. It provides us with comprehensive background data that is crucial for customer decision-making. What sets Caspar apart is its access to a broader range of alternative data, which goes beyond standard information sources. This capability has significantly improved our risk management practices."

Finance & Leasing Client
Chief Risk Officer

"Caspar has proven to be an invaluable asset for our operations. It not only allows us to reconnect with clients within seconds but also serves as a comprehensive tool for background screening during our hiring processes. We also use it for customer file enrichment, employment verification, and fraud checks. Highly recommend!"

Insurance Client
Team Leader Operations

"We have used cheaper skiptracing software offered out there, but I guess you pay for what you get. Caspar is so much more advanced than anything else we have used. The other skiptracing systems I have used were so outdated compared to Caspar."

Private Investigator
Managing Director

"We need to be able to disclose the data lineage to our customers if asked. Caspar is the only solution that allows our compliance team to do that. We won't use the others as they don't support us with disclosing their data origins."

Banking Client
Head of Data Governance

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Ready to see Caspar in action?

"We typically only ever used internal data sources or programs, but the addition of Caspar has been a real step up for us. We initially planned on using Caspar in our KYC & fraud teams, but rolled it out company wide because it was so diverse"

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Product Solutions

Our Products

For over a decade, we’ve been helping organisations overcome their data challenges, particularly when it comes to enhancing the strength and completeness of Australian Consumer data.

Quester

Effortlessly target your ideal consumer audience and launch your campaign with our user-friendly platform, where you can quickly and easily download Australian marketing lists in minutes.

Quester

Caspar

With Caspar, tracking down missing debtors and persons of interest has never been easier. Easily uncover their contact information and reconnect with them in a snap.

Caspar

Insiight

Our self-service datawashing platform allows for the repair, validation and enrichment of outdated Australian Consumer data. Improve the quality of your data in minutes.

Insiight

IDFEX ID Check

Stay compliant and secure with our comprehensive identity verification and risk assessment solution, featuring validation, verification and matching of various metrics.

IDFEX ID Check

ADC Death Check

Protect your business reputation with our Australian Death Check solution. Maintain data accuracy as required by law, improve customer experience, save money and fight fraud.

ADC Death Check

API

Easily integrate our reliable RESTful API into your software for seamless access to our extensive Australian Consumer Data Universe. Suitable for automating data processes for any industry.

API

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