The credit bureau data used by financial services organizations for identity verification and risk assessments is also in the hands of fraudsters. Most businesses rely on the three largest credit bureaus TransUnion, Experian and Equifax for verifying online identities. A large swath of the millennial, generation Z, and recent immigrant populations do not have sufficient financial and credit history to be verified, leading to erroneous denials. New account applications using stolen, but known, PII are more likely to slip past fraud filters than thin file applicants.”]