In this paper, we introduce behavioral biometrics as a class of technology in a layered fraud prevention strategy and discuss the three main behavioral areas that are analyzed to help prevent new account fraud.

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 methods have proven effective in using advanced analytics in fighting identity fraud horizontally across industries and across fraud attack vectors. Pension account take-over, ID fraud in property claims and entitlement ID theft in the public sector have just begun to receive the focus found in the financial services industry.

Experian’s Solution Consultants will discuss industry trends, the impact of the dark web, and strategies to prevent account take-over and help reduce exposure to identity related schemes like impersonation or synthetic identity.

The cycle repeats: Criminals, when blocked from one fraudulent
opportunity, look for a new area of vulnerability to exploit.
Responding to a constantly evolving attack sphere that now
includes kiosk, mobile, e-commerce and other channels,
organizations continue to layer more fraud controls atop one
another. While determined fraudsters work to find ways around
them, these controls create additional friction for good customers.

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.