The Fraud Already Inside Your Accounts Is Burning Up Millions

Portfolio Scrub is presented as a way for organizations to reassess the identities of existing account holders, whose contact information and risk profiles may have changed since initial onboarding. The approach addresses both operational inefficiencies caused by outdated customer data and fraud risks from synthetic identities, dormant mule accounts, or recycled identities that can appear legitimate over time. Using current identity intelligence, Socure evaluates a selected account population without requiring API integration or production access, typically completing the process within three to four weeks. The company says its identity graph draws on more than 100 billion external-data rows and 9 billion monthly feedback signals, and cites a top-five U.S. bank engagement involving more than 80 million records that identified synthetic identities, outdated addresses, and over 200,000 accounts requiring treatment, with an estimated $250 million in avoided costs and fraud losses. The service is framed as a targeted review rather than universal re-verification, intended to help organizations identify changing risks before they accumulate greater access, trust, and exposure.

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