The Power of One: Reducing the Impact of Identity Fraud
- Date: June 09, 2022
- Author(s):
- John Buzzard
- Report Details: 14 pages, 5 graphics
- Research Topic(s):
- Fraud & Security
- Fraud Management
Foreword
This report, sponsored by Neustar, a TransUnion company, explores identity fraud and the necessary steps business enterprises must take into consideration as a means of streamlining the authentication process while also improving the overall client experience with a layered, uniform approach to technology.
This report is derived from the 2022 Identity Fraud Study: The Virtual Battleground, published by Javelin Strategy & Research in March 2022.
Javelin Strategy & Research maintains complete independence in its data collection, findings, and analysis.
Overview
Optimizing an enterprise-wide fraud detection initiative isn’t for the faint-hearted. The innumerable challenges of preventing access to criminals can, at times, start to erode the client experience. This unintended consequence has a great number of implications across the business enterprise, including access to consumer accounts, increases in call volumes to customer contacts centers, and a wide array of regulatory and compliance concerns that must be synchronized as part of a much larger and sensitive enterprise risk management program. Hence the need for a carefully choreographed plan that uses an array of related components within a singular platform capable of delivering fraud intelligence across the entire organization.
Download Complimentary Whitepaper
Related content
2024 Identity Protection Services Provider Scorecard
Javelin Strategy & Research’s assessment of vendors in the identity protection services (IDPS) market revealed clear pacesetters overall, led by Best in Class winner Equifax, and a...
2024 Identity Fraud Study: Resolving the Shattered Identity Crisis
The Javelin Strategy & Research 2024 Identity Fraud Study provides a comprehensive analysis of fraud trends in the context of a changing technological and payments landscape. Its g...
Pig Butchering Scams: How Banks Can Stop the Slaughter
Pig butchering is a devastating, multilayered, drawn-out investment scam that leaves victims with nothing. By implementing robust customer education, employing effective fraud dete...