Fraud
What is third-party fraud?
Fraud committed by an external bad actor who uses stolen or fabricated identity information to impersonate a legitimate individual without their knowledge or consent. This contrasts with first-party fraud, where the individual uses their own identity. Third-party fraud encompasses identity theft, account takeover, and new account fraud using stolen credentials.
How it works
Example: A criminal uses personal information obtained from a data breach—including name, SSN, and date of birth—to open a credit card account in the victim’s name and runs up $20,000 in charges before the victim discovers the account exists.
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©2026 Oscilar, Inc. All rights reserved.
AI Risk Decisioning™ and Oscilar™ are trademarks of Oscilar, Inc.
See Oscilar in action.
©2026 Oscilar, Inc. All rights reserved.
AI Risk Decisioning™ and Oscilar™ are trademarks of Oscilar, Inc.
See Oscilar in action.
©2026 Oscilar, Inc. All rights reserved.
AI Risk Decisioning™ and Oscilar™ are trademarks of Oscilar, Inc.
See Oscilar in action.
©2026 Oscilar, Inc. All rights reserved.
AI Risk Decisioning™ and Oscilar™ are trademarks of Oscilar, Inc.
See Oscilar in action.
©2026 Oscilar, Inc. All rights reserved.
AI Risk Decisioning™ and Oscilar™ are trademarks of Oscilar, Inc.