Can your business detect if an individual is trying to conceal a questionable background or is an outright credit thief attempting to perpetrate a crime using a CPN - Credit Profile Number (fabricated SSN used for fraudulent purposes)?
How does a company keep from being victimized by Synthetic Name Fraud - a stolen SSN blended with the real name, address, and date of birth of the questionable individual or criminal?
These schemes create new falsified credit profiles which are passed between trusted authorities (Consumer Reporting Agencies, financial institutions, proprietary databases, etc.) creating an “authentication fraud loop” that places HR departments in jeopardy.
Federal Trade Commission states there are over ten million more credit profiles in the system than actual consumers, and independent research suggests 90% of credit files have erroneous information.
Does your business attempt to mitigate fraud based on this grossly insecure system?


Serious Threats to Your Operations

Buying or creating a “new credit profile” is far too easy. Posters on Craigslist and YouTube, along with hundreds of websites (such as http://www.legalcpn.com/ ) brazenly hawk their ability to defeat current decisioning platforms with thousands of electronic ways to obtain stolen or fabricated SSNs to create a false credit identity.
The schemes are not detected by credit header information because false profiles do not appear and/or are “hidden” within these systems. Furthermore, CPN and Synthetic Name Fraud commonly is not detected by the use of SSN Trace, data algorithms, or other methods currently employed by the hiring community. These systems are fundamentally flawed, and relying on them necessarily leads to significant cases of “preventable fraud.”


Consent Based SSN Verification (CBSV) service from the Social Security Administration

The Social Security Administration (SSA) developed the Consent Based Social Security Number Verification (CBSV) service to protect the vital interests of businesses.
CBSV substantially reduces fraud and identity theft by matching the personal identifiers of Name, Social Security Number, Date of Birth, Gender, and Death Indicator direct to the official governmental issuing authority as it spares businesses, shareholders, and management staffs the anguish and cost of becoming victimized.
Simply stated, no other method of personal identifier validation is as effective as CBSV nor can any other method make this claim.


Numerous Benefits

Ensure the safeguarding of vital business interests while stopping what has become a national security issue.
CBSV is a unique service that offers:

1) Direct access to the SSA Master File and Death Index
2) Instantaneous online match of five (5) personal identifiers (Name, SSN, DOB, Gender and Death Indicator)
3) Accurate results to official governmental source records
4) Unsurpassed SSN validation
       a) Employment purposes (both pre- and post-hire)
b) Applicants of every type (customers, clients, students, tenants, etc.)
       b) Loan originations (mortgage, auto, personal, etc.)
       c) Fraud investigations / SIU / Collections
5) Premier compliance component for internal, state and federal requirements (including CIP, FTC Red Flags Rule, Fannie Mae LQI, Dodd-Frank Wall Street Reform and Consumer Protection Act, KYC, and more)
6) Uncover fraud and Identity Theft - reduce bad hires/applicant and avoid losses
7) “SSN Randomization”, which began on June 25, 2011, renders trace algorithms ineffective because SSN “State of Issuance” can no longer be determined with newly issued randomized SSNs


Alternative to Dipping into Polluted Pools of Profile Data for Verification Decisions

With fraud and identity theft in the billions of dollars annually, with credit thieves continuing to exploit the system, and with a down economy that causes people to perpetrate crimes that they might not otherwise, CBSV has become a much needed tool in the ever-increasing battle against fraud and identity theft.
Although U.S. businesses are prime targets poised to be victimized, they now have the power to thwart crimes aimed against them with a world-class verification service.
Unless you are using CBSV, your process checks against a pool of erroneous or polluted information, can be easily manipulated, and contains stale data which thieves exploit. This is not so with CBSV. It must be an integral part of all applicant due diligence processes.
Garner the best and most accurate information from the original source. CBSV - the absolute validation methodology - is the premier tool to employ. No other method derives instantaneous results from the SSA Master File to mitigate fraud and ID theft.


CID – a CBSV Authorized Company
Computer Information Development LLC (CID) is a leading provider of fraud detection, prevention and remediation services to the business community. CID was one of the first SSA enrolled companies and the only provider of live, web-based CBSV services with a direct interface into the SSA Master File and Death Index.

Founded in 2001, CID provides specialized fraud investigative services and works closely with government and private sector resources in the battle against fraud risk and associated losses to the financial community.

By having the first and only integration interface into the SSA Master File, businesses can receive instantaneous search results from official governmental record resources with CID’s enrolled platform called IDValidation. CID meets all SSA program compliance requirements which allows use of CID’s existing relationship with the Social Security Administration to protect vital interests.

Case Studies

1) CBSV stops an identity thief in his tracks

A would-be job applicant planning to perpetrate fraud against an Alabama business decided not to complete the application process when he was handed the CBSV consent form to sign.
Upon reading the form, he realized that the stolen SSN that he was going to use would uncover this malicious scheme. He knew the caper was up because his false identity would be revealed.
This individual actually confessed on the spot to the hiring manager that he was about to use a stolen SSN.
The resources of time and money and the precious reputation of that company were spared.
Without running the CBSV search, the fraudulent applicant was thwarted. You cannot put a price tag on that kind of outcome.
This scenario has been repeated numerous times across the country (although most just walk away and do not reveal their criminal intent).

2) CBSV used post-hire to nab 23 unauthorized workers

A company had suspicions that some of their employees were unauthorized workers. The CBSV consent form was presented to thirty of them to validate name, SSN, date of birth, gender, and death indicator.
Fifteen individuals refused to sign the consent form. This was an obvious clue to the HR Department. Of the remaining fifteen employees who did complete the process, eight searches were unsuccessful which means that their personal identifiers did not match official Social Security Administration source records.
The employer’s doubts were confirmed through the IDValidation service; they had unauthorized workers within their company.

3) Court OK’s Fraudulent SSN use, but companies using CBSV are safe

In October 2010, Colorado State Supreme Court over-ruled a lower court that convicted a man of criminal impersonation when he fraudulently used the SSN of another person (a woman victim) when applying for an auto loan.
The appellate court found Mr. Montes-Rodriguez defrauded a car dealership which required an SSN on its loan application. The State Supreme Court however held that since he used his own name, birth date and address, the
use of another person’s SSN was not criminal impersonation even though he also used her SSN for employment as well.
This is classic Synthetic Name Fraud, even though Mr. Montes-Rodriguez did not know the victim, it caused a false profile to be created and shared within the credit bureaus and other trusted authorities. Use of a false SSN even without using the victim’s name is a core issue of ID theft.
CBSV would have stopped the auto and job scams by matching Name, SSN, Date of Birth, Gender, and Death Indicator!
(Source: People vs. Montes-Rodriguez http://caselaw.findlaw.com/co-court-of-appeals/1058355.html)       


For details on CBSV services, visit https://www.idvalidation.net , call 888-438-8330 or email sales@idvalidation.net.