The pace of data breaches continues to rise.

With the prevalence of personally identifiable information (PII) available from fraudsters, identity management methods have had to evolve. It has been noted that an individual’s identity is available on the dark web for roughly $1,200.

Several key factors have proven effective in using advanced analytics in fighting identity fraud horizontally across industries and across fraud attack vectors. Medical ID theft and government entitlement ID theft have just begun to receive the focus found in the financial services industry.

In this webinar, Experian’s identity management expert will discuss trends in the industry, the impact of the dark web and strategies, which help uncover fraudulent identities in a portfolio as well as preventing the fraudulent identity from entering the portfolio.

Identity-related fraud exposure and losses continue to grow, and the underlying schemes have elevated in complexity. Because it’s more difficult to perpetrate “card present” fraud post chip-and-signature rollout here in the United States, bad guys are more motivated, and getting better at identity theft and synthetic identity attacks.

Fraud is constantly evolving. New technology and complex underground networks mean a rise in criminal sophistication. In response, fraud prevention has become complicated and damaging to the customer experience.

Anti-fraud efforts involving life insurance and disability insurance pale in comparison with fraud-fighting activities in other industries. It’s vital to maintain seamless customer experiences while you strengthen your fraud protection. Learn More