FFEIC guidelines, fraud forensics and risk-based authentication
Precise ID(SM) for Customer Management Precise IDSM for Customer Management

The world of fraud is always changing. Fraudsters are opportunistic and attack organizations whenever they find the path of least resistance. They may employ strategies such as using stolen identities to establish new credit relationships or taking over existing accounts. Therefore, to reduce fraud loss, an organization needs to strengthen its defenses at all customer touch-points. Solely checking identities at the time of application is no longer enough to protect customers and organizations from the losses generated by existing account fraud...

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Policymakers continue to focus on issues important to Experian Fraud Forensics Pay Dividends Risk-based authentication gets a shot in the arm with Experian and Symantec partnership
Policymakers continue to focus on issues important to Experian
During the first half of the year, issues important to Experian and our clients have continued to be at the top of the agenda in Washington, D.C...

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Fraud Forensics Pay Dividends
Organizations commonly depend on predictive models to help mitigate fraud losses. Custom analytic models incorporate client data and performance information to provide the optimal analytic scoring products and services for application fraud detection...

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Risk-based authentication gets a shot in the arm with Experian and Symantec partnership
The Office of Management and Budget (OMB) guidance, E-Authentication Guidance for Federal Agencies, promotes the concept of risk-based authentication by defining four progressive levels of authentication in terms of "the consequences of the authentication errors and misuse of credentials" or, in other words...

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Are you ready for FFIEC guideline examinations?
FFIEC Guidance on Authentication in Internet Banking Environment

The Federal Financial Institutions Examination Council (FFIEC) recently released the supplement to its "Authentication in an Internet Banking Environment" guidance, which was first issued by the FFIEC in 2005. Compliance examinations with the new guideline will begin in January 2012.

These updates of the FFIEC regulations specifically address customer authentication, layered security, and other controls in the growing online environment.

The official guidance highlights the need for:
  • Better risk assessments
  • Effective strategies for mitigating known online risks
  • Improved customer and employee fraud awareness
Learn more about FFIEC Guidelines.

View our webinar dedicated to discussing the recent FFIEC Guidance: "FFIEC & Combating Banking Fraud: Ensuring Optimal Efficacy and Balance with Out-of-Wallet Questions and Device Identification"

Experian in the News
Experian And Symantec Provide DrFirst With Identity Proofing And Authentication Technology
Experian Fraud Solutions Expert, Keir Breitenfield, discusses E-Authenticatiion Best Practices
First-Party Fraud a Growing Risk
National Mortgage News
Developing Tools To Monitor Stolen Identity Accounts
Healthcare Technology Online
Physicians (At Last) Can Issue E-Prescriptions For Controlled Substances
Experian launches Precise ID for Customer Management
Other Newsletters
Anti-Money Laundering
Credit Cornerstone
Experian News – July 2011
Stay Informed
Fraud Alert
Card Issuers Fall Short In Analyzing Fraud Data
Credit card issuers wanting to improve profitability in the wake of the recession could get better results by looking more closely at their own fraud cases to determine what type of fraud criminals are perpetrating, new research from Experian PLC suggests.
Experian Tool Protects Older Accounts
Fraudsters that previously focused on breaking into new accounts are now putting more attention on cracking the security barriers of older card accounts, causing the incidence of such crimes to rise.
First Party Fraud
Focus is increasing on detection and management of first party fraud – fraud perpetrated when consumers apply for credit without intending to fulfill their payment obligations. Although first-party fraud rates have stayed fairly level over the past few years, the problem is still significant.
Join our Fraud Solutions blog discussion
Hemispheric Anti-Money Laundering Congress
August 24th – 26th, 2011

ACAMS 10th Annual Anti-Money Laundering Conference
September 19th – 21st, 2011
Aria Hotel,
Las Vegas, NV

RMA Annual Risk Management Conference
October 16th – 18th, 2011
Wordman Park Marriott,
Washington, D.C.

ABA/RMA Small Business Banking Conference
November 14th – 16th, 2011
Omni Hotel,
Fort Worth, TX

Client Corner
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