Full-Time
Posted on 6/22/2025
Digital identity verification and fraud prevention
$190k - $220k/yr
Expert
Remote in USA
Candidates must be based in the USA.
Socure specializes in digital identity verification and fraud prevention, primarily serving the financial services sector, including banks and credit unions. The company uses machine learning and advanced algorithms to analyze minimal customer data to assess the risk of fraud. One of its key products, the Sigma Fraud Score, effectively detects fraudulent activities by comparing transactions against a proprietary database of known fraudsters. Additionally, Socure offers solutions like Device Risk, which authenticates user sessions by gathering unique device features, enhancing security and user experience. Socure operates on a subscription model, allowing clients to access its suite of tools and databases continuously, while also helping them comply with regulations like the Patriot Act through robust Customer Identification Programs. The company's goal is to provide accurate and efficient identity verification solutions that minimize fraud risk for financial institutions.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$744.1M
Headquarters
New York City, New York
Founded
2012
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Competitive salary & equity
Comprehensive medical, dental, & vision coverage
FSA
Parental leave
401k
Life insurance
PTO
Socure offering delivers 25% absolute higher auto-prefill rates vs competition to streamline UX while uniquely enhancing fraud prevention and authentication concurrently INCLINE VILLAGE, Nev., April 29, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance and fraud prevention operating in over 190 countries, today announced the launch of Socure's Advanced Pre-Fill, a groundbreaking solution that redefines the customer onboarding experience, leveraging the industry's most comprehensive and accurate identity graph within its real-time decisioning and orchestration platform, RiskOS™. Socure's Advanced Pre-Fill dramatically streamlines onboarding by pre-populating application forms with the highest-verified identity information available—delivering speed, security, and scalability like never before. (PRNewsfoto/Socure) (PRNewsfoto/Socure) Socure's proprietary identity graph is the nucleus of everything it does. It sees deeper, wider, and across more customers, more interactions, and more time, with feedback learning to sharpen its intelligence with each additional decision. Every single device, document, phone, or identity verification decision reinforces the next, compounding intelligence across the entire customer lifecycle. That's why Socure leads the market in identity coverage—detecting synthetic identities others miss, stopping injection attacks legacy vendors can't see, and accurately determining device ownership with dramatically lower collision rates
Socure has introduced a new tool designed to combat repeat first-party fraud. The new Identity Manipulation Risk Score, which is now embedded within Sigma First-Party Fraud, uses artificial intelligence (AI) and real-time data from Socure’s fraud intelligence network to help organizations detect bad actors at account opening and throughout the customer lifecycle, the company said in a Thursday (March 6) press release. “Identity manipulation is at the core of predicting first-party fraud, as most fraud prevention solutions fail to detect it,” Ori Snir, head of product management, fraud and identity solutions at Socure, said in the release
Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, today announced the launch of its Identity Manipulation Risk Score, the first-ever cross-industry predictive risk score designed to stop repeat first-party fraud abusers from exploiting the digital economy at scale.This AI-powered capability is embedded within Sigma First-Party Fraud, Socure’s innovative solution that leverages the largest cross-industry first-party fraud consortium to perform real-time analysis of dispute histories, payment denials, and account closures across millions of identities and billions of transactions. Socure’s first-party fraud consortium spans major financial institutions, fintechs, payment platforms, sports betting companies and merchants providing an unmatched network of fraud intelligence from diverse sectors. Sigma First-Party Fraud provides organizations with critical risk signals, real-time risk monitoring and actionable intelligence to detect bad-faith actors at account opening and throughout the entire customer lifecycle.A Breakthrough in First-Party Fraud PreventionFirst-party fraud, or the use of one’s own identity to open an account and commit a dishonest act for personal or financial gain, is costing businesses over $100 billion annually. Unlike third-party fraud, which involves stolen or synthetic identities, first-party fraudsters exploit their real, verified credentials, making it far more difficult to detect. What’s worse, in a recent survey Socure found that nearly half (49%) of those who committed first-party fraud in 2024 said they did so because they got away with it in 2023, proving that repeat abuse is a growing problem without a deterrent.With the introduction of the Identity Manipulation Risk Score, organizations can now leverage Socure’s Sigma First-Party Fraud solution to quantify the likelihood of identity manipulation at critical decision points, including account opening, high-risk transactions, and dispute resolution. Identity manipulation behaviors include consumers applying for services with different emails or phone numbers to exploit multiple organizations using their own true identity
Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, today announced the launch of its Identity Manipulation Risk Score, the first-ever cross-industry predictive risk score designed to stop repeat first-party fraud abusers from exploiting the digital economy at scale.
Socure has launched an innovative AI assistant that enhances its Global Watchlist Screening and Monitoring solution, revolutionizing digital identity verification.