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Synthetic identity detection

a technology of synthetic identity and detection method, applied in the field of synthetic identity detection, can solve problems such as billions of dollars in credit losses per year

Pending Publication Date: 2022-04-14
SENTILINK CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

Effectively detects synthetic identity fraud by identifying patterns across groups of similar users and individual behaviors, enabling lenders to take action against fraudulent activities and reducing financial losses.

Problems solved by technology

Lending institutions extending this credit have little recourse against the synthetic identity (which corresponds to a fake person who does not actually exist), resulting in credit losses that amount to billions of dollars per year.

Method used

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  • Synthetic identity detection
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Examples

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Embodiment Construction

[0026]The invention can be implemented in numerous ways, including as a process; an apparatus; a system; a composition of matter; a computer program product embodied on a computer readable storage medium; and / or a processor, such as a processor configured to execute instructions stored on and / or provided by a memory coupled to the processor. In this specification, these implementations, or any other form that the invention may take, may be referred to as techniques. In general, the order of the steps of disclosed processes may be altered within the scope of the invention. Unless stated otherwise, a component such as a processor or a memory described as being configured to perform a task may be implemented as a general component that is temporarily configured to perform the task at a given time or a specific component that is manufactured to perform the task. As used herein, the term ‘processor’ refers to one or more devices, circuits, and / or processing cores configured to process da...

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Abstract

A system and method for detecting synthetic identities are provided that determine a synthetic identity score for a given user, the synthetic identity score indicating a likelihood that the given user is using a synthetic identity to conduct activities. The synthetic identity score generated by the system and method disclosed herein can then be used to determine a risk associated with the given user and to inform what actions to take based on the associated risk that the given user may use the synthetic identity to perform a bad act.

Description

RELATED APPLICATIONS[0001]This application is a continuation of U.S. patent application Ser. No. 15 / 974,137, filed May 8, 2018, entitled “Synthetic Identity Detection,” which is incorporated by reference herein in its entirety.BACKGROUND OF THE INVENTION[0002]Identity thieves typically steal an individual's identity by obtaining confidential identity or credit information about an individual to engage in fraudulent transactions by impersonating the individual. In contrast, synthetic identity fraudsters create a fake or synthetic identity and build up a history of good behavior by engaging in a series of events using the synthetic identity. Based on the established historical record, the synthetic identity fraudster acquires benefits and engages in fraudulent activities under the guise of the synthetic identity. For example, in the credit and loan industry, synthetic identity fraudsters create a synthetic identity and use it to engage in transactions and to apply for credit. After es...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06N5/04G06Q50/26G06N20/00G06F16/901
CPCG06N5/048G06F16/9024G06N20/00G06Q50/265G06N7/02
Inventor BLUMENFELD, MAXWELLHARRIS, NAFTALI
Owner SENTILINK CORP
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