Mail theft involves stealing physical mail to obtain items like credit cards or checks that can be used directly for financial fraud, or documents that contain sensitive personal information or financial details that can be used for identity theft and other malicious purposes.
Use case/ examples for mail theft
New account fraud prevention: Identifying fraudulent applications that use financial documents or credit cards stolen from physical mail by validating that identity documents haven't been obtained through mail theft during customer onboarding processes and that the applicant is live and physically present.
Account takeover prevention: Implementing layered techniques like biometrics, MFA, or KBA to prevent fraudsters from being able to reset passwords or otherwise access customer accounts using statements or other items stolen from the mail.
