Socure
Socure sells identity verification, fraud prevention and risk decisioning software to enterprises and government agencies.
Founded
2012Socure sells identity verification, fraud prevention and risk decisioning software to enterprises and government agencies.
The market Socure sells into is expanding because AI has lowered the cost of committing fraud. The company reports AI-driven attacks across its network up 8,000 percent in a year, while the FTC recorded $15.9 billion in US fraud losses in 2025 and the GAO estimates federal fraud losses between $233 billion and $521 billion annually.
The intelligence firm Liminal estimates US organizations spend roughly $100 billion a year on fraud, compliance and risk operations staffing, most of it still manual, and reports that 53 percent of banks spend at least an hour reviewing each alert.
Socure's structural advantage is the size and closed-loop nature of its data. The company reports more than 50 billion known identity outcomes, over one billion SocureIDs and roughly 10 billion decisions a year across its network, which its models learn from directly rather than through a third-party feed.
That data sits under one decisioning platform, RiskOS, rather than across separate point products. Socure argues this lets its investigation agents read from the same proprietary datasets and downstream outcomes that produced the alert, a feedback loop standalone agent vendors cannot easily replicate.
Socure operates in a category that draws sustained scrutiny from civil-society organizations, which argue that identity verification vendors accumulate private information that could be exposed or misused. That scrutiny is a standing constraint on how the company can expand into consumer-facing and government contexts.
The business is also concentrated in regulated buyers whose procurement cycles are long and politically exposed. Federal work such as the Login.gov order runs through blanket purchase agreements and call orders that can be modified or recompeted outside Socure's control.