Fraud & Identity Management
When a client is selecting questions to use, Knowledge Based Authentication is always about the underlying data – or at least it should be. ...
My last entry covered the benefits of consortium databases and industry collaboration in general as a proven and technologically feasible method for combating fraud...
There was a recent discussion among members of the Anti Fraud experts group on LinkedIn regarding collaboration among financial institutions to combat fraud. Most...
By: Ken Pruett I thought it might be helpful to give an example of a recent performance monitoring engagement to show just how the...
Meat and potatoes Data are the meat and potatoes of fraud detection. You can have the brightest and most capable statistical modeling team in...
By: Ken Pruett The use of Knowledge Based Authentication (KBA) or out of wallet questions continues to grow. For many companies, this solution is...
Conducting a validation on historical data is a good way to evaluate fraud models; however, fraud best practices dictate that a proper validation uses...
In a previous blog, we shared ideas for expanding the “gain” to create a successful ROI to adopt new fraud best practices to improve. ...
By definition, “Return on Investment” is simple: (The gain from an investment – The cost of the investment) _______________________________________________ The cost of the investment...
By: Heather Grover In my previous entry, I covered how fraud prevention affected the operational side of new DDA account opening. To give a...
By: Heather Grover In past client and industry talks, I’ve discussed the increasing importance of retail branches to the growth strategy of the bank....
The definition of account management authentication is: Keep your customers happy, but don’t lose sight of fraud risks and effective tools to combat those...
–by Andrew Gulledge Intelligent use of features Question ordering: You want some degree of randomization in the questions that are included for each session....
Account management fraud risks: I “think” I know who I’m dealing with… Risk of fraudulent account activity does not cease once an application has been...
–by Andrew Gulledge General configuration issues Question selection– In addition to choosing questions that generally have a high percentage correct and fraud separation, consider...