BOSTON — It wasn’t just the uptick in online credit card and bank account applications that caught the attention of experts, it was the timing.
A spike in applications in the middle of the night, when most people would usually be sleeping, was a red flag.
“A lot of our internal monitors went off,” says Johnny Ayers, CEO of Socure.
Ayers’ company uses Artificial Intelligence and machine learning to help companies and governments identify potential fraud and protect consumers from having their identity stolen. Socure’s systems recently uncovered an effort to use the names and personal information of Massachusetts residents to open banking and credit accounts.
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