Hagerstown Community College Partners with Voyatek to Combat Application Fraud
Hagerstown Community College Partners with Voyatek to Combat Application Fraud
In response to the nationwide increase in application fraud, Hagerstown Community College is taking decisive action to protect its students and resources by implementing Voyatek’s Application Fraud Firewall.
Scammers posing as fake students are inundating colleges across the U.S. with fraudulent applications, and community colleges have been particularly hard hit. Using stolen or fabricated identities, these “ghost students” successfully enroll, only to disappear—taking with them financial aid funds and official college-issued email addresses.
Voyatek’s Application Fraud Firewall, an adaptive-AI, cloud-based solution, leverages sophisticated AI identity verification and fraud models that analyze admissions, financial aid, and enrollment data alongside extensive public records data to identify fraud with precision and accuracy, dramatically reducing processing times and manual reviews.
“To stop application fraud without creating friction for legitimate applicants, colleges need to implement intelligent solutions that will verify who is really behind the computer,” said John Van Weeren, VP, Higher Education at Voyatek. “By implementing Application Fraud Firewall, Hagerstown Community College is ensuring that its resources are going to deserving students – not scammers.”
Application Fraud Firewall leverages Socure’s best-in-class predictive models and proprietary set of data sources to analyze and correlate every facet of a digital identity, utilizing over 1000 data sources, 17,000 features, 8 billion rows of data, and a continuous feedback loop of decision outcomes from thousands of customers worldwide.
Valuable insights uncovered by Voyatek’s fraud prevention solutions have helped Voyatek’s clients reduce their manual review workloads by up to 80% and realize a 10x return on investment in the first year of deployment.