Description:
This webinar will discuss the identity threats and related issues in the banking industry. The presentation will review what is going on with regard to customer ID and the data breach. Banks have been increasingly depending on Credit Agencies’ data to support their customer identity needs.
Why Should You Attend:
After the data breach at Experian, fraudsters buying data on the Dark Web have access to the same credit report data the bank does. Banks need to do some basic rethinking about customer and potential customer identity issues. And they need to do that quickly. This is going to require creative thinking, as there is no “solution” in a box on the shelf
Learning Objectives:
- What has been compromised by the data breach? Do we still know…
- Who is this new account applicant?
- Is this person the customer they claim they are?
- So where now? Back to the future? It well may be that the best answers depend on technologically updated versions of how people have always recognized each other: faces, voices, and (of late) fingerprints.
- Faces, lessons from Casinos
- Voices
- Fingerprints
- Other options
- Addresses as control
- Matching
- Returned mail as control
- What do we do NOW?
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Areas Covered in the Webinar:
- What has changed?
- Problems with the “26 Red Flags”
- Red flags indicating ID threats for new accounts
- On application
- On credit reports
- On documents provided
- On early use of new credit
- Red flags indicating ID threats for existing accounts
- Directions for ID Tools in a post-breach world
Who Will Benefit:
- Fraud Manager, Compliance Manager
- AML Manager
- VP, Manager
- Director
- Supervisor levels
- AML Specialist
- Bank Manager
Speaker: Jim George,
Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a major Insurance Company providing insurance outsourcing services to the banking industry. Jims work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, re-engineering, and quality improvement.
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To register/enquire, please contact:
www.compliance.world
Call us at this Toll Free number: +1-866-978-0800
