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Between synthetic ID fraud and good old-fashioned identitytheft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.
But there are other significant actions that, when implemented as a part of a layered approach to fraudprevention, can make a big difference in protecting consumers and lowering false positives. Discover how Customer Communications Services for Fraud can alert customers about potential scams in real-time. Debbie Cobb.
The challenge for banks is balancing the ease and convenience of RTP with fraudprevention for authorized push payment fraud (APP fraud) – without impacting customer experience. Debbie has 25 years product management and product marketing experience in fraud management and financial services. Debbie holds a B.A.
As my colleague Adam Davies, vice president of fraud and identity solutions here at FICO recently noted , “Banks can avoid reputational and regulatory impacts by using the latest in fraudprevention technology, such as the FICO Platform, which can help identify and stop existing and emerging threats before they can impact customers.”
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