Chapter 19: Identity/Fraud (EFX Digital Solutions)
IN THIS LESSON
What is it?
As more and more organizations move to online and digital channels, verifying the identity of online and in-person consumers is imperative. Digital Identity Trust confirms identity legitimacy by using multi-dimensional data sources, including phone number, email, address, SSN, DOB, and mobile device verification. Carefully orchestrated verification strategies are critical in today’s digital era to fight existing and evolving fraud, comply with regulations, and facilitate online transactions.
Verify identities behind online transactions
A recent study estimates ecommerce businesses will cumulatively lose more than $200B to online payment fraud by 2024. If you haven’t started the identity trust discussion within your organization, the time to act is now. Think of it this way: fraud is a moving target that’s constantly closing in on your business. Digital identity trust is the scope on your fraud-fighting weaponry that can help you see it coming and mitigate against it.
INTERNAL: DIT Overview/Internal Training
