One of the biggest challenges facing organizations is that fraudsters constantly change the way they try to cheat banks and other organizations, says Rajib Roy, president of Equifax Identity and Fraud Solutions, which provides advanced analytics and proprietary technology to deliver customize insights for identity...
Balancing the customer experience with risk mitigation is tricky, says Jon Karl of Iovation. But automating customer reputation profiles can help organizations take the guesswork out of fraud prevention, and improve the experience on both sides of the transaction.
Fraud threats are evolving, and so are banking institutions' defensive strategies. George Tubin of Trusteer discusses the latest trends, technologies and banks' efforts to conform to the FFIEC guidance.
Call center fraud is increasing, and it's not just financial institutions feeling the pain, says Pindrop Security's Matt Anthony. Now, a database of phone numbers aims to help organizations mitigate risks.
Recent penalties against financial institutions for violating money-laundering regulations may not be a deterrent, says anti-money-laundering expert Kevin Sullivan. What's needed? Stronger punishments, he says.