{"id":4595,"date":"2013-08-29T12:47:00","date_gmt":"2013-08-29T12:47:00","guid":{"rendered":"https:\/\/evssolutions.com\/the-use-of-identity-verification-to-assist-in-mobile-fraud-prevention\/"},"modified":"2013-08-29T12:47:00","modified_gmt":"2013-08-29T12:47:00","slug":"the-use-of-identity-verification-to-assist-in-mobile-fraud-prevention","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/the-use-of-identity-verification-to-assist-in-mobile-fraud-prevention\/","title":{"rendered":"The Use of Identity Verification to Assist in Mobile Fraud Prevention"},"content":{"rendered":"

We are in the midst of a new and exciting mobile
\nrevolution<\/a>. There are currently more than 6.8 billion mobile subscriptions
\n equivalent to 96% of the worlds population and 70% of those mobile phones are
\nconsidered smart devices.<\/p>\n

Consumers are increasingly communicating and transacting
\nwith businesses through mobile devices.
Retailers<\/a>
\nand
Financial
\nInstitutions<\/a> are the main benefactors of these interactions. Whether
\nconsumers are accessing mobile banking sites or purchasing merchandise,
\nconsumers trust your site with their information.<\/p>\n

A projected $235 million will be spent this year via mobile
\ntransactions making mobile the next big frontier for cybercriminals to exploit.
\nThese criminals and attacks are sophisticated and multifaceted. Identities and
\ncredit card information are easily stolen and used to commit payment fraud. Mobile
\ndevices make it easier to bypass legacy fraud detection systems. The slow
\nresponse in security measures from institutions is allowing criminals to commit
\nmore and more fraud.<\/p>\n

Trust must be established across multiple online channels
\nwith which customers interact including mobile apps, mobile optimized websites
\nand browser-based access from laptops\/desktops. To establish and maintain trust
\nwith consumers you need to protect
mobile
\npayment<\/a> and transaction integrity. Your company can protect mobile payments
\nand improve
mobile
\nfraud prevention<\/a> when you:<\/p>\n<\/p>\n