
Utility fraud prevention and identity verification
Build trust, mitigate risk and stay ahead of fraud threats with our tailored fraud prevention and identity solutions.
Utility providers face evolving fraud threats as they work to deliver secure, seamless experiences for their customers including account takeover, synthetic identity and payment testing fraud. In 2023, the FTC received over 87,000 reports of phone and utility fraud1, highlighting the increasing risk to both consumers and service providers. Additionally, utility payment fraud has surged 50%2, exposing businesses to significant financial losses and operational challenges.
Experian’s utility fraud prevention and risk mitigation solutions are designed to address these challenges head on. With advanced identity verification tools and step-up authentication, you can detect and prevent fraudulent activity, reduce synthetic identities and optimize resource efficiency.
Sources: 1Experian and 2IDIQ Newsroom
Prevent fraudulent accounts from entering your system with Experian’s fraud detection tools. Safeguard your brand’s reputation, reduce charge-offs and ensure legitimate customers receive the service they need.
Accurately distinguish between real and synthetic identities with Experian’s suite of verification tools. Protect customer data, minimize fraud risks and strengthen trust in your operations.
Deliver a smooth, secure customer experience with Experian’s step-up authentication and fraud detection capabilities. Protect your business while creating frictionless interactions for legitimate customers.
Meet and exceed regulatory requirements with Experian’s compliance-focused tools. Safeguard sensitive customer information, adhere to data protection laws and confidently manage risk.
Stay ahead of fraud threats with Experian’s proven utility fraud prevention and risk mitigation solutions
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