Decoding Risk Signals Accuracy: Navigating the hidden risks in digital identity verification

Nov 14, 2023 1:00 PM EST

In the wake of the global pandemic, the distribution of vital funds to citizens worldwide became a critical endeavor. However this noble cause also became a breeding ground for fraudulent activities. FinCEN Identity Project recently reported that in 2022 over 600,000 suspicious activity reports (SARs) were tied to fraudulent identity records, calling this the “big money grab” and one of the largest fraud events in history to date. And fraud is only on the rise. 

Join us for this insightful webinar where we delve into the complexities of digital-identity proofing challenges faced by public and private financial sectors and strategies employed to mitigate identity-related fraud, shedding light on crucial aspects that demand attention and action.

Key takeaways:

- Gain profound insights into the mechanics of the big money grab and the alarming surge in SARs related to fraudulent identity records

- Explore real-life cases that vividly illustrate the scale and impact of identity-related fraud, emphasizing the urgency of effective countermeasures

- Learn practical strategies employed by industry leaders to combat identity theft and synthetic fraud, empowering you to protect your business and its stakeholders