{"id":4752,"date":"2014-09-15T16:09:37","date_gmt":"2014-09-15T16:09:37","guid":{"rendered":"https:\/\/evssolutions.com\/social-security-number-overload-creates-gap-in-fraud-prevention\/"},"modified":"2014-09-15T16:09:37","modified_gmt":"2014-09-15T16:09:37","slug":"social-security-number-overload-creates-gap-in-fraud-prevention","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/social-security-number-overload-creates-gap-in-fraud-prevention\/","title":{"rendered":"Social Security Number Overload Creates Gap in Fraud Prevention"},"content":{"rendered":"

With the constant
\neconomic struggles, businesses are always looking for any pennies they can
\npinch in their upcoming budgets. It may be very tempting to cut fraud
\nprevention measures as their prices rise with the turbulent economy. In the
\nlong run, having vigorous security practices will save money for both consumers
\nand businesses alike. Sounds like a simple solution, right? Well that is to
\nassume that your <\/span>fraud prevention solutions<\/span><\/a> are doing their jobs.<\/span><\/p>\n

As Javelin mentions
\nin their article <\/span>The Banking Security Revolution: Eliminate
\nSocial Security Numbers<\/span><\/a>,
\ncompanies and specifically financial institutions need to prioritize
\nauthentication and diversity in their solutions versus the typical verification
\nrules. The use of social security numbers has been exhausted to the point where
\nit has become unanimous with the consumers identity. This decreases the value
\nof the fraud prevention process because companies are constantly asking for the
\nsame information.<\/span><\/p>\n

Knowledge based authentication<\/span><\/a> helps ensure that security measures are not
\nmade in vain. Authentication goes beyond matching information to an alleged identity;
\nit takes fraud prevention to the next level of security by posing additional
\nquestions based on the information given. <\/span>EVS<\/span><\/a> offers
\nauthentication measures that dont just ask, what is your address but which
\nof the following is a previous address of yours? These are the type of
\nquestions that make certain that someone is who they claim to be.<\/span><\/p>\n

As you reevaluate your <\/span>fraud prevention solutions<\/span><\/a><\/span>, make sure that authentication is heavily
\nprioritized. This will ensure that your security measures are working smarter,
\nnot harder<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

With the constant economic struggles, businesses are always looking for any pennies they can pinch in their upcoming budgets. It may be very tempting to cut fraud prevention measures as their prices rise with the turbulent economy. In the long<\/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],"tags":[],"class_list":["post-4752","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4752","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=4752"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4752\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}