Sumsub Launches Fraud Prevention Kit as Complex Attacks Rise 180%

Sumsub has introduced a fraud prevention starter kit after complex attacks jumped 180%. The tool uses onboarding data to classify applicants as low, medium or high risk. Businesses can then approve, conduct further checks, review or block an application. Sumsub’s internal data showed that the global identity fraud rate fell from 2.6% to 2.2% over [...] The post Sumsub Launches Fraud Prevention Kit as Complex Attacks Rise 180% appeared first on Fintech Singapore.