Solution – Prevent Financial Fraud

Prevent Financial Fraud


Stolen Financial Information Is Used to Commit Fraud

Malicious actors collect financial and personal information from individuals through phishing, skimming and card-not-present fraud schemes. This financial information is then sold on the criminal underground. An identity can be used by multiple malicious actors to commit credit card fraud, to open new bank accounts and to apply for loans.

Gross fraud losses linked to card-based payment in Canada alone could reach up to $625 million.

Source: Nilson report / Payments Canada
Firework screenshot

The solution

A Directory of Financial Fraud Victims

Flare Systems has compiled a directory of financial fraud victims based on leaks on the dark, deep and clear web, as well as identities for sale on illicit markets. Partial and full personal identifiable information is then enriched with insights harnessed from and shared among a network of financial institutions.  This enables our partners to check if their customers have been victims of fraud while preventing our partners from accessing the victims’ information.


Prevent Identity Fraud

 Identity fraud is one of the least reported crimes and therefore has a high dark figure that limits preventive measures.

Why Choose Firework

The Collaborative Fraud Prevention Platform


Collaborative platform

By collaborating with each other in Flare Systems’ network, financial institutions gain access to previously unavailable data about fraud victims in Canada.

data protection

Flare Systems’ technology protects the information of victims while enabling financial institutions to detect if their customers have been defrauded.



Flare Systems respects all Canadian and international regulations protecting the privacy of individuals.

See How Flare Systems Can Help You Prevent Financial Fraud

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