Synthetic Identity Theft: Protect Your Good Customers While Stopping Bad Actors
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? Join this session to gain new insights from event thought leaders.

Discussion topics will include:

  • 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?

Join Ian Li, Director of Enterprise Sales - 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.
Ian Li
Ian Li
Director of Enterprise Sales - Financial Services & Payments

Ekata, a Mastercard company
Tony Morbin
Tony Morbin
Executive News Editor

Watch a brief video on the topic.
June 15, 2023 | 04:00 - 05:30 pm MDT | Virtual
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*Please note that this is an invitation-only event and space is limited. All requests to attend will be reviewed by our event staff and approved based on professional qualifications and event capacity. Additionally, these events will not be recorded and the Chatham House Rule will apply.

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Sponsored By
Ekata, a Mastercard company

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.

ISMG Brands

ISMG’s 30 global media properties provide security professionals with industry and geo-specific news, research and educational events.

June 15, 2023 | 04:00 - 05:30 pm MDT

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