Who is Behind the Computer? Combatting Fraud in Higher Education Admissions and Financial Aid with AI-Driven Solutions

Discover how to fortify your institution’s defenses and proactively address rising fraud challenges. Sophisticated admissions and financial aid fraud schemes are threatening higher education institutions nationwide. With bad actors continually evolving their tactics, colleges and universities are facing mounting challenges in safeguarding their application processes, financial aid systems, and institutional integrity. The consequences of these fraudulent activities are far-reaching, leading to financial losses, reputational damage, and undermined trust within the education sector.

Fraud is a crime, and to combat it effectively, colleges and universities need to identify the criminal. Prioritizing identity verification, along with staying ahead of the trends and tactics employed by fraudsters, will provide the best protection against loss. During this webinar, we discussed the vulnerabilities that fraudsters exploit and provide actionable strategies for detecting and preventing these damaging schemes.

During this webinar attendees learned:

• How accurate identity and document verification can be first line of defense without compromising the user experience
• How artificial intelligence and machine learning can detect fraud and help guide institutional policies and process decisions
• Real-world case studies highlighting how colleges have dramatically reduced application processing times, increased accuracy, and prevented hundreds of thousands of dollars in fraud
• Expanding identity verification use cases to enhance security across processes like password resets, transcript requests, exams, and onboarding