Device identification. Anomaly detection. Transaction verification. When it comes to fraud prevention, there are nearly as many options as there are threats. So, how do you best prioritize your own investments in anti-fraud solutions?
Join this panel of experts, led by financial fraud expert George Tubin, as they explore:
Today's top fraud threats;
How to plan your technology investments;
Tips to secure internal buy-in for anti-fraud investments.
In light of increasingly sophisticated fraud techniques - everything from account takeover attempts to ATM skimming and increasingly sophisticated phishing attacks -- financial institutions are under constant pressure to protect customer assets.
Further, embodied by the FFIEC Authentication Guidance, they face heightened regulatory pressure to assess risks, deploy layered security controls and to improve customer awareness of this ever-evolving threat landscape.
And a single misstep could result in a data breach that carries heavy financial, regulatory, customer, shareholder and reputational implications.
Among the anti-fraud options available to banks:
Device authentication/identification, which has a wide spectrum of approaches, some better than others.
Malware detection and mitigation, operating either from the cloud or on a user's device to reduce Man-in-the-Browser fraud from compromised endpoints.
Anomaly detection, which can take the form of simple rules to complex cross-channel behavioral analysis.
Transaction verification, which can be rules-based or triggered by anomaly detection and can then take several forms (token, SMS, phone verification, dual authorization).
So, how does an institution go about evaluating all of these options and deciding which fits its own risk profile best?
In this panel discussion, banking/fraud expert George Tubin will lead a lively discussion of today's top fraud threats and solutions. Among the topics to be tackled:
Regulatory Requirements - What are the basic expectations for assessing and mitigating fraud risks?
Investment Planning - What is your institution's fraud loss profile, and how can you best match mitigation approaches to your identified risks?
Selling the Solution - Once you've identified your anti-fraud solutions, how do you demonstrate value to stakeholders, and then win support for a prioritized investment plan?
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Faulkner is a technology entrepreneur who has nearly two decades of experience building products and delivering mission-critical technologies that are run by the world's most trusted brands. Faulkner is a noted industry expert in issues relating to online fraud, cybercrime, identity theft, information security and networking technology. As chief products officer and co-founder at ThreatMetrix, he is responsible for product management and strategy. Prior to ThreatMetrix, Faulkner was a founder and head of products and business development for NetPriva, a leading network performance software provider, acquired by Expand Networks, now Riverbed. Prior to NetPriva, he was a senior consultant at Accenture in their e-commerce practice.
Prior to his current role, Tubin was the senior security strategist for Trusteer, where he headed the thought-leadership program to advance online- and mobile-banking adoption and safety, and advised enterprises on best practices for protecting corporate assets from targeted attacks. With over 25 years in the banking and high-technology industries, his areas of expertise include consumer online and mobile banking, online fraud and identity theft prevention and enterprise fraud-management strategies.