Risk Solutions

It's no secret that identity theft is expensive. According to the FTC, it costs businesses and financial institutions nearly $48 billion each year—with an average loss of almost $5,000 per instance.

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Combating Identity Fraud: An Overview of Complementary Approaches(PDF, 198K) Modern identity fraud is one of the greatest challenges facing governments, corporations and financial institutions. LexisNexis® Risk Solutions Group has been a leader in the study of identity fraud and in the development of automated solutions to combat it. Through its participation in identity fraud reports, law enforcement-private sector meetings and conferences and in industry-sponsored identity fraud events, LexisNexis® Risk Solutions Group has assumed an industry leadership position in the fight against this insidious menace.

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InstantID and FraudPoint® are not consumer reporting agencies as such term is defined in the federal Fair Credit Reporting Act, 15 U.S.C. §1681, et seq. ("FCRA"). InstantID and FraudPoint® reports do not constitute consumer reports as such term is defined in the FCRA, and accordingly InstantID® and FraudPoint® reports may not be used to determine eligibility for credit or for any other purpose provided for in the FCRA.

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