Information Sharing Helps Banks Fight Consumer Identity Fraud
Combating Online Fraud With Digital Identification
With a single fake identity, bad actors can wreak havoc by going from bank to bank and exploiting it for all they can get. In the “Digital Identity Tracker®,” a collaboration with Prove, Lisa Zeimetz of First National Bank and Trust explains why information sharing among banks and employing modern digital authentication throughout the customer life cycle are the keys to identifying and stopping fraud.
Inside the December Tracker
- Lisa Zeimetz, senior vice president at First National Bank and Trust, explains why banks’ collaboration is key to developing better fraud detection solutions for the industry
- More fraud attempts are motivating bank customers to seek security atop convenience
- Artificial intelligence, rules-based algorithms, data mining and biometrics are among the ways many companies deal with fraud — at the growing behest of consumers and regulators
