Upcoming webinar details assessing real-time fraud risk while providing seamless customer authentication
iovation, the provider of device intelligence for authentication and fraud prevention, today announced it and Equifax Limited will detail latest financial fraud trends and how to authenticate trusted customers without impeding the online experience in an upcoming webinar. The webinar entitled “How Today’s Financial Institutions Are Overcoming Fraud” will be held on Sept. 13 at 3pm BST/7am PDT.
“In 2015, online UK banking fraud rose 64 percent to £133 million (about $176 million USD), highlighting that financial institutions are a primary target for fraudsters,” said iovation’s Eddie Glenn. “Given this rise, businesses need a layered approach to security that exposes insights that would otherwise be invisible.”
During the webinar, UK financial firms will be given the tools to create a seamless consumer experience while mitigating fraud risks. iovation and Equifax will address:
- Fraud and security trends impacting today’s financial institutions and banks
- Leveraging iovation’s database to reveal fraud risk associated with individual devices
- The latest in risk management innovation with dynamic and automated risk-based authentication
- Creating frictionless security across the consumer journey
- Demonstrate how Equifax and iovation reduce fraud through collaborative solutions
“Consumers turning online and to mobile devices for online account access and transactions are creating greater fraud risks,” said Peter Harrison, identity and fraud product leader at Equifax Limited. “However, high-friction authentication methods like texting one-time passcodes could have a negative impact on the online experience for some users. While increasing security, they can lead to frustration and potentially abandoned transactions.”
The webinar will delve into how the iovation-powered Equifax Device Verifier enables risk mitigation while streamlining the customer journey. Using iovation’s device intelligence, Equifax Device Verifier assesses the risk of fraud associated with any device—minimizing delays in ensuring a customer is who they say they are. The service checks to see if there is any history of fraudulent activity linked to the device using iovation’s global fraud network, which looks at the reputations of more than 2.5 billion devices and 30 million fraud reports. It also analyzes real-time risk indicators such as device anomalies, excessive repeated use of the same device, and evasion techniques attempting to conceal the nature of the device or its location. This deep intelligence uncovers otherwise hidden associations between accounts and devices.
For more details and to register for the webinar, go to http://bit.ly/2c56J6B.
iovation is a leader in:
TransUnion Global Fraud & Identity Solutions unite both consumer and device identities to detect threats across markets while ensuring friction-right user experiences. The solutions, all part of the IDVision with iovation suite, fuse traditional data science with machine learning to provide businesses unique insights about consumer transactions, safeguarding tens of millions of transactions each day.