More than half of the world’s population’s personal information is available on the dark web due to massive data breaches, helping fraudsters thrive and making traditional identity verification methods obsolete.
Adding to the challenge is the fact that criminals are using forged identity documents in complex fraud schemes and anti-social behavior, consequently turning the establishment of trust in the digital channel into a business imperative.
The resulting spike in criminal activity is forcing telecoms services providers, financial institutions, and other entities in regulated industries to meet strict regulations while ensuring digital inclusion for consumers.
In this session, where digital transformation experts discuss how they leverage identity verification to transform their digital experiences, achieve compliance, and mitigate the risk of fraud while delivering a great user experience in a panel moderated by Sarah Clark, SVP of Global Product Management at Mitek.