The Problem:
Why Businesses Struggle with Fraud
Businesses that onboard a large volume of users face a fundamental challenge:
How to stop fraud without adding friction that drives away legitimate customers. Legacy fraud prevention tools force a trade-off – either tighten security and increase false positives or ease restrictions and open the door to sophisticated fraud attacks. Neither option is sustainable.
The core issue? Traditional fraud prevention is too rigid, too slow, and too reliant on third-party systems. These outdated solutions struggle to keep up with fast-evolving fraud tactics, leaving businesses exposed and forcing them to choose between security and seamless onboarding.
The Data Behind the Problem
of businesses claim fraud losses have increased due to outdated identity verification systems.
(Source: Experian 2023 Identity & Fraud Report)
increase in deepfake fraud from 2022 to 2023, making traditional solutions
obsolete.
(Source: Deepfake Report, Feb 2024)
of Americans can’t distinguish between real and manipulated videos, increasing the risk of identity fraud.
(Source: Deepfake Report, 2024)
fraud tools take months to adapt to new fraud techniques, while fraudsters evolve in days.
(Source: Experian 2023 Identity & Fraud Report)
The Impact on Your Business
Static fraud detection means missed threats, leading to millions in financial losses annually.
Excessive friction drives away real customers, cutting conversion rates by up to 40%.
Slow fraud adaptation leaves businesses exposed to regulatory fines and penalties.
Reliance on manual reviews increases costs and slows decision-making, driving up fraud investigation expenses.
The Incode Advantage
Our AI-driven identity verification platform is re-trained for new fraud techniques in days, not months.
Reduce false positives by 3x, allowing more legitimate users to onboard friction-free.
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