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Can a Single Data Point Help Combat Fraud?

More isn’t always better. That’s especially true when it comes to data. In a fraud investigation, quick, fresh and actionable information is of the utmost importance, and more data can often mean more hassle. You need the right data, about the right person, right now to uncover actionable intelligence.

Successfully combating fraud comes down to early detection and prevention. Just how early is dependent on your data. The better quality of the data, the more clear and actionable the picture becomes. And while access to the right data sources is imperative, insights from a single data point — a mobile number, address, license plate — could potentially crack your case.

Just one piece of data can authenticate information, uncover connections between people, businesses and assets and detect fraud — potentially saving your organization significant losses.

Let’s explore how two different data types can help fraud investigations.

A mobile phone number can reveal more than you think


Synthetic identity fraud and account stacking are becoming more prevalent and easier than ever to perpetrate. Inauthentic (synthetic) consumers take advantage of the lack of communication between Communication Service Providers (CSP) by applying for multiple accounts from numerous providers within a short timeframe with no intent to repay.

The number and timing of these applications can render this fraud nearly undetectable, as fraudsters’ quick submission of multiple applications capitalizes on routine delays between transactions and new inquiries. Depending on how quickly each CSP performs its due diligence, other applications might not be discovered until it’s too late. That’s where data can make all the difference.

A verifiable mobile phone number can prove just as valuable than a Social Security number (SSN) when preventing and detecting synthetic identity fraud.

By using recent mobile phone numbers help identify and verify addresses associated with a consumer, a CSP can expedite due diligence and mitigating some of the risk associated with the usual approval lag. Cell phone number data enables you to gather deep insights about an individual, as well as their known or possible associates, often quickly revealing suspicious activity or fraudulent identities. Cell phone insights can help uncover other addresses for the subject in question, the cell carrier, and phone records showing data derived from SSNs.

Beyond the traditional data available from a phone number, the practice of reversing a number can also help you find aliases connected to different SSNs, shedding light on questionable consumers before their fraudulent intentions succeed and impact your bottom line.

An address is more than a place to send mail


In the game of fraud, understanding relationships is key. Some CSPs may not realize the wealth of information an address can provide. By researching people and their connections, such as associates or relatives, you can see not only who lives with the consumer now but also who used to.

Addresses help uncover connection points not just between first-degree family members — but also between the consumer and relatives, associates, companies and more. Address data can help uncover unknown relationships between individual and known criminal associates, helping detect or prevent identifying potential fraud. That information alone could save you from significant losses, compromised operations and a tarnished reputation.

A wealth of information can come from a single data point — whether it be a phone number, address, license plate number or other nugget of data. Actionable and timely data can help you:

  • Verify identities and conduct enhanced due diligence
  • Mitigate and detect fraud
  • Link relationships with possible relatives and associates
  • Identify relationships between individuals, businesses and assets
  • Identify aliases and individuals trying to avoid a conviction, misrepresent the truth or commit fraud

Leveraging a single piece of information and the actionable intelligence it provides can lead to a tremendous advantage in successfully detecting and preventing fraud.

TransUnion’s TLOxp


TransUnion TLOxp® solution provides actionable intelligence on people and businesses to help you make better decisions quicker. TLOxp skip tracing software is s fast and efficient way to uncover, locate and verify information on individuals and businesses.  With advanced tools and proprietary linking technology, TLOxp filters through billions of public and proprietary records to help you complete weeks or even months of legwork in seconds. Learn more about TLOxp or register for a free demo.

If you’re a consumer with questions or issues related to your personal credit report, drivers history report, disputes, fraud, identity theft, credit report freeze or credit monitoring services, please visit our Customer Support Center for assistance.

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