Consent Based Social Security Number Verification (CBSV)
from the Social Security Administration
Social Security Administration (SSA) developed Consent Based SSN Verification (CBSV) in 2002 to protect vital
business interests. CBSV provides instantaneous results direct from the SSA Master File and Death index.
Not Using CBSV?
You
’
re at
greater risk of ID theft
incidents
Up to 35% of
operational losses
are fraud related
You
’
re in jeopardy of tarnishing your valuable
business reputation by allowing
preventable fraud
What We Know
Office of the U.S. Inspector General (OIG) reveals that
CBSV is a deterrent
to ID theft and fraud
Credit Headers, Data Algorithms, Proprietary Databases are
flawed, polluted, easily manipulated, contain stale data
Perpetrators exploit system vulnerabilities with fraudulent identities which is called
Synthetic Identity Theft (SIT)
Government agencies (such as IRS, ICE, FinCEN, CFPB) have
increased their
enforcement practices
Best defense is from
official governmental source data
and
action is needed to protect vital business interests
CBSV Provides
Direct access to the SSA Master File and Death Index
Most accurate
matching of Name, SSN, Date of Birth, and Death Indicator
Online access with instantaneous results
Fraud mitigation to
reduce
losses, net charge-offs, bad and negligent hires, unauthorized applicants and workers
CBSV Uses
Background checks
/ Tenant screens / Employment; pre-hire and post-hire / HR Management
New Accounts
/ Clients, Members, Students, Policyholders, Volunteers, Licenses, Permits, etc.
Loan originations
(Auto, Personal)/ Mortgages / Depository accounts
Security
/ Fraud and Special Investigative Units / Insurance Adjustment / Forensic Accounting / Claims Adjusting
Compliance
–
exceeds internal, state, and federal requirements. Used for Customer Identification Programs (CIP),
FTC Red Flags Rule, Fannie Mae Loan Quality Initiative (LQI), Dodd-Frank Protection Act, Know Your Customer (KYC)
CBSV
–
“
The Superlative Personal Identifier Validation Methodology
”
SM
IDValidation
SM
is an Authorized Agent in the SSA Consent Based SSN Verification (CBSV) service
Please contact us at
info@idvalidation.net
Rev. March 2017