June 2022: Reusable digital identity, GPG 45, and Check Fraud Defender
Advantages and disadvantages of reusable digital identity
As our lives move increasingly online, the need for a trusted digital identity framework becomes more and more pressing.?
But with so many options out there, it can be hard to know where to start. How do you create a system that is both secure and user-friendly?
Insert—reusable digital identity.
With the reusable identity market expected to grow to $266.5 billion in 2027, it's essential to understand the advantages and disadvantages to make the best decision for your company.
Check Fraud Defender: A better line of defense
As a means of payment, checks have been around for centuries.
And it's crucial for banks, credit unions, and other financial institutions to never underestimate the imagination of a fraudster and the lengths they will go.
Let's explore how banks and credit unions verify checks and how Check Fraud Defender can help protect against check fraud.
Emerging trends in identity fraud
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Fraud is dynamic. It's very robust.
There are a lot of different things happening when it comes to identity fraud.
Learn more about layered controls against identity fraud from Amy Walraven, President, CSO, and Founder of Turnkey Risk Solutions.
GPG 45 can help your business establish trust in digital identity
With digital adoption on the rise, businesses need to find ways of ensuring customer trust.
But how can organizations such as banks and fintech provide remote proofing for personal information so that they may establish their credibility?
Click here to learn what Good Practice Guide 45 (GPG 45) has to offer in helping businesses gain a lasting reputation through establishing digital credentials.
What is GPG 45?
To help drive consistent and widespread standards, the UK government has published guidance on how to prove and verify the identity of a customer or an employee. These guidelines are referred to as Good Practice Guide 45 (GPG 45).
GPG 45 does not dictate a specific process for checking identity. Instead, it is designed to help companies understand various identity verification methodologies and choose the ones that best suit the needs of their organization.
Best of both; how financial services & online marketplaces fight fraud
Financial service providers and online marketplaces are combating fraud with different methods but share the same goal:
protecting their business and customers.
Know the best practices for combating the "fraud earthquake" shared by Mitek VP?Sanjay Gupta before it hits you.