States of Uncertainty: How Cyber-Threat Intel Reduces Digital Transactional Risk

Transactional risk disparity is on the rise in the United States as state laws regarding privacy disclosure, digital identity acceptance, and scam-detection and scam-loss accountability raise new questions about the roles financial institutions play in accepting payments, tracking transactions, and verifying identities. All of this comes amid a constant juggle to balance consumer privacy with transactional risk. This report explores the roles cyber-threat intelligence and cyber risk signals can play in identifying suspicious identities while complying with the increasing variation in laws and payments acceptance across state lines.

Key questions discussed in this report: 

• How do fragmented state laws and inconsistent digital identity standards create gaps in identity verification and transactional risk for financial institutions?
• How can cyber-threat intelligence help institutions continuously evaluate whether a digital identity is legitimate, compromised, manipulated, or weaponized?
• How can cyber-threat intelligence at the content delivery network layer disrupt malicious activity before it reaches identity systems, applications, or transactions? 

Companies Mentioned: 

Elavon, FFIEC, FinCEN, FTC, IRS, Jumio, NIST, TSA, U.S. Bancorp