Javelin Strategy & Research reported that consumers lost $3.2 billion to new account fraud in 2022, with fraudulent credit card accounts making up 30% of losses. If fraudulent accounts go unnoticed, damage can increase exponentially. Iris’ Credit Monitoring services notify customers the moment a change is made to their credit profile, so unauthorized credit accounts are never overlooked.
Provide your customers with alerts about a comprehensive range of changes relevant to their credit record, including critical identity theft indicators such as:
Notify customers the moment lenders request access to their credit report — stopping thieves before damage is done. A credit inquiry is pulled by a lender or landlord before extending credit and can warn before:
Including credit monitoring and alerts in your Iris identity protection program is a great way to stay competitive and ensure you're offering a well-rounded suite to your customer base.