Identity glossary

The world of identity is full of complicated terms and acronyms, and it can be hard to keep everything straight. Here, we'll define the most common identity terms and answer frequently asked questions about each topic.

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A

Account takeover (ATO) fraud

A

Anti-money laundering (AML)

A

Bank Account Validation Service

B

Bank Secrecy Act (BSA)

B

B

B

California Consumer Privacy Act (CCPA)

C

Children’s Online Privacy Protection Act (COPPA)

C

Combating the Financing of Terrorism (CFT)

C

Compliance as a Service (CaaS)

C

Customer Due Diligence (CDD)

C

Customer Identification Program (CIP)

C

D

D

D

Enhanced due diligence (EDD)

E

F

F

F

Federal Trade Commission (FTC)

F

Federated identity management (FIM)

F

Financial Crimes Enforcement Network (FinCEN)

F

Financial Industry Regulatory Authority (FINRA)

F

First-party fraud

F

F

Fraud as a Service (FaaS)

F

Fraud investigations

F

F

F

General Data Protection Regulation (GDPR)

G

Generative AI fraud

G

Governance, risk, and compliance (GRC)

G

Gramm-Leach-Bliley Act (GLBA)

G

G

Health Insurance Portability & Accountability Act (HIPAA)

H

INFORM Consumers Act

I

Identity Assurance Levels (IAL)

I

Identity and access management (IAM)

I

Identity authentication

I

I

Identity proofing

I

Identity verification (IDV)

I

I

Know Your Business (KYB)

K

Know Your Customer (KYC)

K

Know Your Employee (KYE)

K

Know Your Patient (KYP)

K

Know Your Seller (KYS)

K

Knowledge-based authentication (KBA)

K

L

Marketplace account suspension

M

Marketplace risk

M

Money services businesses (MSB)

M

Multi-factor authentication

M

Personally identifiable information (PII)

Placement money laundering

P

Politically exposed person (PEP)

P

Progressive risk segmentation

P

R

R

S

Second-party fraud

S

Secretary of State (SOS) filing

S

Securities and Exchange Commission (SEC)

S

Self-sovereign identity (SSI)

S

S

Single sign-on (SSO)

S

Social media profiling

S

S

Strong Customer Authentication (SCA)

S

Subject access request (SAR)

S

Suspicious transaction report (STR)

S

S

Synthetic fraud

S

The National Institute of Standards and Technology (NIST)

N

Third-party fraud

T

USA PATRIOT Act

U

Ultimate beneficial owner (UBO)

U

V

V

W

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Search

Account takeover (ATO) fraud

Anti-money laundering (AML)

Bank Account Validation Service

Bank Secrecy Act (BSA)

California Consumer Privacy Act (CCPA)

Children’s Online Privacy Protection Act (COPPA)

Combating the Financing of Terrorism (CFT)

Compliance as a Service (CaaS)

Customer Due Diligence (CDD)

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