Identity fraud continues to be a significant challenge for today’s financial services and lending firms and fraud attempts are spiking every year. Our recent2020 True Cost of Fraud™ Studyfound that financial services firms saw a 42% increase in successful monthly fraud attempts while lending firms saw an increase of 38%. What’s become painfully clear is that criminals are getting smarter, and new technologies make it easier for them to circumvent current risk management processes at the point of application. As we prepare for 2021, how can your organization stop identity fraud attacks before they enter your system and the losses begin to mount?
In this webinar, we’re bringing together two fraud and identity experts, Julie Conroy, Research Director for the Aite Group and Kim White, Director of Fraud & Identity Strategy for LexisNexis® Risk Solutions to share the latest identity fraud insights and fraud prevention tactics to help your organization keep fraudsters out of your system and save your customer experience for good consumers. They will discuss:
· The latest in application fraud trends
· Shifts in fraudster techniques and behaviors
· How shared identity and fraud intelligence improves fraud prevention
· Best practices on preventing fraud with a comprehensive view of identity at the point of application
