Synthetic Identity Theft: Protect Your Good Customers While Stopping Bad Actors ISMG%%sep%%Events ismg.events

Thursday, June 15th, 2023

Synthetic Identity Theft: Protect Your Good Customers While Stopping Bad Actors

4pm – 5:30pm MT | Virtual

Event Overview

Synthetic identity theft – a crime perpetrated by bad actors who use real and fake personal information to craft an authentic-looking digital identity – is a fast-growing crime and continues to increase. In fact, according to Aite Group, Synthetic Identity fraud cost U.S. banks $1.8 billion in 2020 and is projected to increase to $2.4 billion in 2023.

During this time of economic uncertainty, how can financial institutions be certain that the customer signing up for a new account or service really is who they claim to be? And at a time when budgets are tight and staffs are thin, how can one secure the resources one needs to fight synthetic identity theft and other rising fraud trends?

DISCUSSION POINTS

How is synthetic identity theft impacting your institution – and your fraud-fighting priorities?
How can you mitigate fraud without hindering new customer acquisition?
How, under resource restraints, are institutions getting the anti-fraud resources they need?
What strategies are you planning to adopt in the next 12 months to help combat fraud?

Moderator

Tony Morbin

Executive News Editor

ISMG

Kurt Weiss

VP, Financial Services & Payments

Ekata, a Mastercard company

Speakers

Join Kurt Weiss, Vice President of Financial Services & Payments at event sponsor Ekata, a Mastercard company to gain his unique insight into synthetic identity theft and other common fraud types, as well as how leading institutions are improving detection and defenses – even in economically challenging times.

This 90-minute session will be:

Chatham house rules
Peer driven
Pitch free

Watch brief video of the topic

Venue

Hyatt Regency Toronto

Hyatt Regency, King Street West, Toronto, ON, Canada

Underwritten by

Ekata Inc., a Mastercard company, empowers businesses to enable frictionless experiences and combat fraud worldwide. Our identity verification solutions are powered by the Ekata Identity Engine, which combines sophisticated data science and machine learning to help businesses make quick and accurate risk decisions about their customers. Using Ekata’s solutions, businesses can validate customers’ identities and assess risk seamlessly and securely while preserving privacy. Our solutions empower more than 2,000 businesses and partners, including Alipay, Paypal, and Microsoft, to combat cyberfraud and enable an inclusive, frictionless experience for customers in over 230 countries and territories.

Rules of Engagement

By taking part in this discussion you agree that:

These events follow Chatham House Rule. Nothing shared will be recorded or distributed anywhere online.
If for any reason you need to cancel your reservation, we ask you to let us know 48 hours prior to the event commencing so we can open your seat up to someone else.
These are interactive discussions, so we ask that all attendees participate in the discussion. If this is a virtual event, we ask all attendees to join via video.