Biometrics

September 21, 2016

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ajit ghuman

Latest posts by ajit ghuman (see all)

• Online Account Opening: How Credit Unions Can Outcompete Big Banks - November 9, 2016
• The Antidote to Financial Data Breaches - September 22, 2016
• 5 Ways For Financial Institutions To Stop Account Takeover Fraud - September 21, 2016

5 Ways For Financial Institutions To Stop Account Takeover Fraud

• Big Data
• Biometrics
• Fraud Prevention
• Machine Learning

Account takeovers are a constant danger that carry serious consequences for financial institutions. As a Javelin study noted, identity fraud resulted in $112 billion in losses for consumers between 2009 and 2015. A large volume of compromised accounts can mean substantial rewards for criminals. Consequently,