The Invisible Threat - Mitigating Synthetic Identity Fraud in Financial Services

Join our webinar to equip yourself with the necessary knowledge and tools to combat the rising threat of synthetic identity fraud.

26

June

  • 3PM London / 10AM New York
  • Free

Why attend?

Nearly half of global organizations have experienced synthetic identity fraud in the past twelve months, and 92% of financial institutions perceive it as a real threat to their business, according to research from MasterCard. Synthetic identity fraud is costing organizations billions of dollars every year, and what makes it even more challenging is that it’s so hard to detect that it is likely to be highly underreported. This leaves identity professionals in financial services on the front lines fighting a sophisticated, rapidly evolving, and largely invisible war against fraud. 

Hear from leading financial services and identity experts, including:

  • Nikhil Kamdar, Vice President – Global Solution Consultancy, iProov
  • Daniel Molina, Vice President, iProov

 

Drawing on real-world examples, they’ll delve into fraudsters’ cunning methods.  Learn how they weave stolen credentials with manufactured information often using generative AI to create fictitious personas.  We’ll also show you how they expose the vulnerabilities in traditional verification methods, such as knowledge-based authentication (KBA), that leave them susceptible to manipulation.

But there’s a powerful weapon in your identity verification arsenal: facial biometrics.  This session explores how solutions with advanced liveness detection are able to confirm a user’s genuine presence during the onboarding process.  This ensures the person behind the account application is the right person, the real person, and is authenticating right now, not a fabricated identity created by criminals.

Key takeaways: 

  • Gain a comprehensive understanding of synthetic identity fraud tactics and their growing impact on financial institutions.
  • Identify vulnerabilities in traditional verification methods against synthetic identities.
  • Explore how facial biometric identity verification, with anti-spoofing technology like iProov’s Dynamic Liveness, strengthens your defenses.
  • Learn best practices for implementing a secure and user-friendly biometric verification system within your financial institution.

 

Don’t let synthetic fraud erode your security. Register today and empower yourself with the knowledge to secure your digital onboarding process.

Speakers

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Nikhil Kamdar
Vice President- Global Solution Consultancy, iProov

Nikhil Kamdar is a seasoned professional with a passion for pioneering technology solutions across the realms of mobile telecommunications, enterprise security, mobile security, endpoint protection, and cloud-based biometrics. With an extensive career that encompasses notable roles at EE, Samsung Electronics, and his current role at iProov, Nikhil is committed to advancing innovation and bolstering security in the digital landscape. Nikhil's dedication to technology extends beyond his professional pursuits. He is deeply committed to staying at the forefront of emerging technologies and industry trends. As an active participant in industry forums, he engages with thought leaders, attends conferences, and frequently contributes valuable insights to discussions on the future of mobile security and biometrics.

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Daniel Molina
Daniel Molina, Vice President, iProov

Daniel is an internationally recognised keynote speaker, evangelist and spokesperson, with published articles in the area of cybersecurity, privacy, and reducing your risk on security investments. Daniel has led many teams to success at Kaspersky, McAfee, and IBM.

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