<\/p>\n
As technology evolves, the number of outlets to share
In an interview with John Carlson, Background Intelligent Transfer Services<\/a> (BITS)
Collaboration with your third party vendors, in-house
<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" As technology evolves, the number of outlets to share personal information increases, raising the level of vulnerability to ID theft and fraud. Companies now need to reevaluate their fraud prevention measures to make sure those measures are in co ordinance<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,37],"tags":[],"class_list":["post-4743","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention","category-security"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4743"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4743\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\npersonal information increases, raising the level of vulnerability to ID theft
\nand fraud. Companies now need to reevaluate their fraud prevention measures<\/a> to make sure those measures are in co-ordinance with changing
\ntechnology. More importantly, companies need to consider the fact that cyber-security<\/a>
\nand traditional fraud prevention may need to be treated as different entities.
\nThese two issues, while very closely related, do face different obstacles making
\nit essential to examine each one separately. You may be surprised to find that
\none may need more service than the other, especially depending on the industry
\nand consumer.<\/p>\n
\nVP of Cyber-security and Fraud Prevention, he discusses the issues around cyber-security<\/a>
\nand identity proofing<\/a>.
\nIdentity-proofing, also known as know your consumer (KYC), helps to prevent
\nfraud especially in situations where you never meet the consumer in person. ID
\nverification and authentication play a huge role in ensuring that someone is
\nwho they are claiming to be. Increasing these KYC efforts will also help to
\nprevent against fraud, primarily online. As mentioned in Social Payments Pose New Security Threats,<\/a> security in cyberspace is more
\nimportant than ever before now with the existence of mobile payments, social media
\npayments, and the use of cloud servers. In addition to these new platforms,
\nconstantly changing authentication guidelines<\/a>, rules, regulations, and requirements make it even more
\ndifficult to keep up with fraud prevention.<\/p>\n
\nsecurity department, and clients is the one of the important variables to
\nremember when re-evaluating your security measurements. Solutions may vary for
\ndifferent consumers, in different industries, using different platforms. Using
\nEVSs ID verification<\/a> and authentication will support your companys fraud
\nprevention needs in tandem with cyber-security and KYC.<\/p>\n