Tackling Data Breaches and Account Opening Fraud in one

Presented by

Gary Wright - Head of Research, Finextra [Moderator] Simon Winchester - Managing Director, Jumio Richard Dupree - Senior Vice

About this talk

In the ongoing challenge to protect data and fight fraud, few organisations make the connection between data breaches and account takeover fraud. According to Risk Based Security research, published in the 2019 MidYear QuickView Data Breach Report, the first six months of 2019 have exposed an incredible 4.1 billion records through 3,800 publicly disclosed breaches. Organisations are tasked and engaged with GDPR, KYC, AML and PSD2 compliance, but are not necessarily joining up the dots to be more efficient in their approach. Account opening fraud needs to be tackled with preventative action. And data breaches must be curbed to reduce vulnerabilities and exposures, to protect the account opening process. Technology is the key, and the very latest in biometric and digital identification is required. Given the paragon of communication that the mobile has come to be, an identity and verification solution on the mobile is the key to success here. And a tight, fraud-proof solution means a better onboarding experience leading to higher retention rates and more satisfied customers. Join this webinar to hear experts discuss: - The correlation between data breaches and account opening fraud - How to utilise the latest technology for a fool-proof identity and verification solution - The wider benefits of implementing a seamless and secure onboarding process Speakers: - Gary Wright - Head of Research, Finextra [Moderator] - Simon Winchester - Managing Director, Jumio - Richard Dupree - Senior Vice President, Group Operational Risk, Bank of the West - Daan van den Eshof - Product Manager and eBusiness, Rabobank

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Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification, eKYC and AML platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring. Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR. Jumio has verified more than 400 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.