Identity Fraud and Impacted Industries. Identity theft affects not only the financial services industry, but also retail/eCommerce, healthcare, public sector benefits, digital entertainment, education, and government credentialing. While each industry collects, maintains, and secures Personally Identifiable Information (PII), even the most diligent organizations can still fall victim to identity fraud or theft. Invariably, fraud attacks on credentialing institutions can negatively impact a slice of the traditional identity verification ecosystem. This added pressure requires an expansion of identity proofing beyond traditional sources.

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