Socure, the provider of AI for digital ID verification, sanction screening, and fraud prevention announced the launch of Graph Intelligence, an addition to its Sigma Identity Fraud suite.
This module provides fraud, compliance, and data science teams exclusive access to unique, “deterministic” signals that reveal how identity attributes connect and evolve across Socure’s Network Identity Graph.
Graph Intelligence enables organizations to gain direct access to and visualize the intricate web of 1.5 billion personal identifiable information (PII) connections in Socure’s network of 2,700+ customers “across industries including financial services, online gaming, marketplaces, healthcare, insurance, telecom.”
This enhancement in transparency allows fraud, compliance, and data science teams to better understand, evaluate, and act on “potential risks, particularly in cases of sophisticated fraud rings, as well as synthetic, first-party, and third-party fraud schemes.”
It enables customers to refine decision logic, adjust thresholds, prioritize high-risk behaviors, and refine strategies to align with an organization’s fraud landscape and “adapt to emerging threats.”
The power of Graph Intelligence reportedly lies in its comprehensive feature set and its coverage of consumer interactions across organizations and industries that rely on Socure’s products.
Available as an API and an interactive visual experience, Graph Intelligence enables fraud teams to spot “patterns in PII connections that may indicate synthetic or compromised identities.”
Included advanced analytics tools support teams in identifying and adapting to fraud patterns in real-time, and offer insights to support model governance requirements and help explain “risk decisions to stakeholders and regulators across a user base.”
It gives fraud and data science teams access to 220 features across 15 unique PII elements allowing the ability to answer complex questions such as:
- How many times has a phone number and SSN been seen together
- Does the usage pattern of a phone number and address together correspond to how each has been used individually, or is there an abnormal deviation that indicates risk
- How many different email addresses have been seen together with this applicant’s name and phone combination
- Has this identity been associated with confirmed or reported fraud, and the frequency in which it has been flagged across Socure’s network
The full Graph Intelligence suite expands Socure’s customers’ abilities to discover, “react and stop fraudsters in their tracks.”
During a fraud attack, Socure worked with one of its customers to define logics based on their existing tools which “allowed them to stop 45% of the fraudsters in the attack.”
When introducing Graph Intelligence features, this capture increased to “60% and the client was able to increase their precision from 72% to 79%.”
Through the visual graph experience, in one instance analysts were able to use the IP address of a known fraudster and connect it to “12 additional identities that the fraudster had stolen as part of an attack.”
While nine of these cases were already closed, this discovery allowed the Socure customer to “close the remaining three accounts.”
The Graph Intelligence features regarding IP connections revealed clusters that were found based on “varying PII elements allowing for more high-risk accounts to be closed.”
Organizations implementing Graph Intelligence can expect enhancements to their fraud prevention capabilities.
The module enables fraud and data science teams to optimize internal models using contextual data that reveals the scope of identity relationships.
This understanding helps reduce “false positives” while maintaining strong fraud detection rates.
As threats emerge, teams can adapt their prevention strategies based on “visualizations” of changing fraud patterns.
Graph Intelligence integrates with Socure’s fraud prevention solutions, providing a layer of intelligence that transforms how firms approach fraud prevention.
The module is available as part of Socure’s Sigma Identity Fraud suite.
