Genesis of an Identity Fraud Crisis

Javelin Strategy & Research’s annual 2020 Identity Fraud Report - Genesis of the Identity Fraud Crisis - provides insights to how identity fraud is changing and identifies vulnerabilities financial services face during these unsettled financial times. Account takeover escalated more than 70% year-over-year and it is one of the most difficult types of fraud to identify and mitigate. The detailed look at what is occurring, consumer behavior and ways to reduce losses provides a comprehensive guide on how to adjust to the current environment. Key elements of the changing fraud landscape are how digital payments are utilized, required authentication updates, and a move to focusing on data privacy. 

 

Join Krista Tedder, Kathy Stokes, Jason Park, and Norm Marraccini to examine the impacts to your customers and business, with a discussion on how to minimize and mitigate risks. As an industry, we will look back on 2020 as the genesis of an identity fraud crisis if we fail to take appropriate steps early on to organizational and consumer behaviors and adoption of more secure technology. 

 

Participants of this webinar will learn – 

 

• Indicators of the rising identity fraud challenge

• Impacts of new payment options like P2P and curbside pick-up

• Consumer perceptions of security

• How privacy features can reduce fraud losse