Even prior to the outbreak of COVID-19, instances of identity fraud and financial crime were increasing at an alarming rate.
At FTT Identity 2021, a panel of experts from Trulioo, Cifas and NatWest Group came to the conclusion that these threats will never entirely go away. Financial insitutions can only minimise risk by adapting to the latest technologies fraudsters are using and making use of behavioural insights to zone in on deterrence.
Rutherford Wilson, VP of Emerging Technology at Trulioo referred to fraudulent attacks as the “bad actor’s product.” The panel agreed with this, arguing that financial crime must be seen as a business. Bad actors don’t attack by chance or luck, they tactically exploit any system weaknesses they can find. Fighting back is about finding and eliminating vulnerability.
Watch the full session below.
This panel features the following rockstar speakers:
- Martin Ingram, Identity and Access Management Product Owner, NatWest Group
- Sandra Peaston, Director of Research & Development, Cifas
- Rutherford Wilson, VP, Emerging Technology, Trulioo
- Vesna McCreery, Director, Ansev Solutions (moderator)