![New Account Fraud: Definition, Types and Prevention Measures](https://cdn.prod.website-files.com/61a88dccc11fca20bee575bc/6673fcf9f50a6dd70e11b830_New%20account%20fraud.jpg)
New Account Fraud: Definition, Types and Prevention Measures
![Rahi Bhattacharjee](https://cdn.prod.website-files.com/61a88dccc11fca20bee575bc/662b4fbb1a38efacdbf64085_FotoGrid_20240426_113047687.jpg)
Rahi Bhattacharjee
June 20, 2024
Banking, eCommerce, and gaming companies with less stringent identity verification processes usually fall prey to the damages caused by new account fraud. These fraudulent accounts can cause direct damages to targeted businesses or can lay the foundation for a larger, more elaborate fraud that happens much later. Read about new account fraud and how we can prevent it here.