Fraud Forensics
Document fraud is happening at an alarming rate and we’re here to stop it.
That’s why at Snappt, we’re always investing in our fraud system. A critical part of that is our internal Fraud Forensics team, whose job is to stop it — a team that spends all day, every day, researching the tools and methodology these bad actors wield and uses that knowledge to improve our system.
In addition to their brilliant technical and social hacker acumen, they have a background in breaking into and defeating systems and being paid to do so, be it by banks, tech companies, or the government. Let’s just say you never want to be on their bad side.
Snappt is the only fraud detection company to conduct proactive forensics research
Our team of experts has uncovered 780+ documents, DIY templates and tools that enable bad actors to commit fraud. Where does it come from?
- 92 Websites that Enable Users to Create Fake Documents
- 688 Social Media Sources
Tactics Used to Commit Fraud
Text Insertion
Applicants directly edit the text on their income document to change their financial standing.
Income Document Templates
Applicants can find templates online to replicate popular payroll providers, entering whatever information they want and submitting it to the leasing team.
ID Theft
Applicants may use stolen personal information to create fake documents, create an AI-generated fake ID, or impersonate someone else entirely.
Social Engineering
Fraudsters give tips to other individuals on how to alter their documents or provide workarounds to try to avoid the fraud detection systems altogether.
Fraud doesn’t stop there
We are conscious that there is no shortage of individuals who provide services across Craiglist, Facebook, Reddit, TikTok, etc. Our team takes these claims very seriously and protects our product against services provided by these solo operators.
But we can’t catch everything. New companies with the goal of defeating our technology pop up every day – so we need your help! If you come across a fraudulent company or individual that claims they can beat Snappt, or if an applicant mentions one of these nefarious businesses, report it.
Let’s chat about our fraud research