Fraud committed while applying for a new account, credit product, insurance policy, benefit, or service using fabricated, manipulated, stolen, or materially misrepresented information.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.