Socure

🎉 Breaking news: Socure named one of the world’s top fintech companies by CNBC! 🚀 In our relentless pursuit to revolutionize digital trust across the fintech landscape, we've hit another major achievement! 🏆 We’re honored to be chosen out of the more than 2,000 companies evaluated across 9 market segments for the World’s Top 250 Fintech Company list by CNBC. This recognition validates the importance of our mission to verify 100% of good identities and eliminate identity fraud, and we’re proud to stand among the industry’s leading brands. 💡 We’d also like to congratulate our customers who made the list! We’re grateful to our incredible team, partners, customers and investors: Your passion and dedication made this possible as we band together to fight financial crime. What's next? Stay tuned as we continue to push boundaries and redefine what's possible in digital identity verification. Read the news here: https://bit.ly/3WlxU5T #CNBCTop250 #FinTech

With an estimated $13 billion lost annually to account takeover fraud, it's clear that robust fraud controls are needed even after initial account opening. A few key touch points that fraudsters love to exploit: ❓ One-time password requests 🏠 Non-monetary profile updates, like phone, email, or physical address 💸 Instant, push, or peer-to-peer payments By implementing real-time, robust risk checks before these high-risk transactions, you can significantly enhance consumer protection without adding excessive friction to the customer experience. 🎓 Interested in learning more? Watch our on-demand webinar for insights on the latest fraud prevention strategies: https://bit.ly/46n8ece

Hey, public sector IT leaders, are you ready for the Los Angeles Digital Government Summit? 🚀 Socure will be there to share insights on digital identity verification and fraud prevention. Stop by our table and let's chat about how we're transforming digital identity verification and fraud prevention! Check out the event page for more details: https://lnkd.in/eE3uCfZK 

🚨 Knowledge-based authentication (KBA) has been used for over 20 years as a method of proving identity online. It’s time to move on. This flawed approach to identity verification relies on stagnant data that has been breached countless times, and as a result has been made widely available on the dark web. 😱 Scary thought: fraudsters have actually become more proficient at answering those credit-based questions than the people the quizzes are intended for. #KBA is still commonly employed in the public sector to perform the critical act of identity proofing – most commonly in motor vehicle registration, online portal access, and notarization. It is either used as a primary form of identity verification or can be used as a backup when an individual is unable to complete the primary method. Meanwhile, the scale and frequency of data breaches has reached new heights – many people’s personally identifiable information can be accessed for as little as $1 per record on the dark web. Read the full blog here from Socure’s Jeff Shultz to learn how innovative approaches like risk based identity proofing, behavioral analytics, and biometrics are transforming identity proofing: https://bit.ly/3A0clPz #IdentityVerification #Cybersecurity #FraudPrevention #DigitalIdentity

🤗 Please say hello to our June hires! We’re so excited you’re here to help support our mission of verifying 100% of good identities in real time and completely eliminating identity fraud on the internet. 🚀 Looking for a mission-driven, fast-paced organization to call home? Check out our latest openings here: https://lnkd.in/eM5fsUmK

💳 Friendly fraud — or where consumers dispute legitimate charges they've made — continues to wreak havoc for the American economy. Socure’s research found that 35% of Americans have committed first-party #fraud, which generates more than $100 billion of losses for U.S. financial institutions and merchants each year. 🔎 Determining the intent of the consumer can be the toughest challenge to solve for fraud experts. We appreciate our partners who have joined Socure’s first-party fraud consortium as we work together to stop #FriendlyFraud abuse. Thanks to Genna Contino and CNBC for bringing attention to this important issue. Read the full article here: https://cnb.cx/4diarrG 🤝 Interested in joining our consortium to fight this fraud together? Learn more here: https://bit.ly/3SopdoU

First party fraud is a sprawling problem that eludes most fraud prevention tools. Businesses and banks bears the losses, but eventually the crunch gets passed along to consumers. It takes consortium data and analytics to solve this problem -- and that requires a committed cross-sector group of organizations ready to take on the challenge. CNBC's latest coverage is a peek into what those on the frontline -- including Johnny Ayers -- have to say about the issue. Thank you Genna Contino for digging into this $100b challenge.

Today I'm very thankful for the ability to 'work from anywhere.' Though remote work can have it's challenges, it can also award you the ability to explore, travel, and spend time with loved ones that live afar. This past week I'm thankful for that. I was able to spend the last 2 weeks in Colorado visiting with my family and friends, and also getting to conquer a bucket list item - Climbing a 14er! This week and these experiences wouldn't have been possible without the flexibility of a remote company. I'm thankful for these past 2 weeks and how special they are, and thankful for Socure and that they celebrate 'work from anywhere!'

We're proud to announce that the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) has implemented Socure's automated identity platform. By switching from a KBA-based solution to Socure's AI-driven platform, FLHSMV has drastically cut identity verification wait times and fraud risk. - Florida estimates Socure will save residents ~157,000 hours annually - Over 90% of identity verification requests are approved instantly - FLHSMV has been able to reassign contact center agents to other tasks Learn more about how Socure is serving the public good with FLHSMV: https://lnkd.in/eMPThkgt

👋🏾 The California State of Technology Industry Forum is coming up on September 16, and we can't wait to join fellow IT professionals to discuss the latest #government tech trends. See you there? Be sure to visit the Socure table to discuss digital identity and fraud prevention. 👀 Check out the event page for more details: https://bit.ly/3SmGdvQ