Simon Marchand, CFE

From data breaches to identity theft, the challenges and pace of change facing fraud teams has never been greater. This comes while legitimate customers expect engagement channels with as little friction as possible. Biometrics is one of the most powerful ways that organizations are meeting these dual priorities. This session provides an introduction to biometrics technologies, covers the latest advances in the field. We also detail how organizations including banks and telecommunications companies are using biometrics to combat account takeover, subscription fraud, and how this state-of-the art technology can be used for fraud prevention, detection as well as in fraud investigations.

Fraudsters run a business. They’re nimble, agile and creative, and their fraud toolkit never ceases to expand. From stolen credentials to synthetic identities, location and IP spoofing, or VPNs built of thousands of infected devices, they have hundreds of ways to circumvent traditional fraud prevention strategies. Beyond what we have been doing for the past decade, there are new ways, and new data points we can (and should) leverage to disrupt fraudsters’ businesses. Many of these methods are now more accessible than ever, shared of forums or messaging apps, facilitating fraud for non-professionals and making it ever-so-difficult for fraud strategists to prevent many new attack types. Advanced location intelligence and IP address analysis, modern device profiling and innovative identity-proofing tools all help high-risk industries stay ahead of fraud. This cutting-edge tech can be hugely beneficial to organizations and improve collaboration with law enforcement.