Entersekt | Resources | Glossary | Application Fraud (New Account Fraud)

Application Fraud, also known as New Account Fraud, involves using stolen or fabricated information to open fraudulent accounts or obtain credit.

Additional Reading

• How to Stop App Fraud: Protect Your Business from Digital Threats - Discover how financial institutions can identify and stop new account and application fraud before it impacts customers. Read the full article
• The Top 3 Fraud Tactics That Lead to Account Takeovers - Explore the common fraud methods behind account takeovers, including new account fraud, and how to defend against them. Read more
• Identity Verification Solutions - Strengthen your defense against new account fraud with layered identity verification and real-time risk assessment. Explore the solution