Identity intelligence means knowing your users
We recently gathered with representatives from five federal agencies to talk about using identity and analytics to combat fraud, waste, and abuse within the public sector. Discussion also ranged across issues of fraud and insider threat monitoring as well as identity intelligence – an ongoing picture of a user’s identity and not just a static snapshot at registration – within the public sector.
The day started with an overview on the identity landscape from senior Forrester analyst, Andras Cser, who discussed current best practices and future direction in fraud management and data protection. He shared details of cost analyses of commercial data breaches which ranged from $90 to $300 per record. The studies also show that the cost to a citizen of a stolen Social Security number starts at $2,000 to $2,500.
The executives we talked to are looking for ways to efficiently handle ongoing monitoring of their users to identify fraud as it happens, at or after registration. They are looking for dynamic identity proofing that is immediately available with both on-premise and cloud-based solutions – proofing that goes beyond one-dimensional identity check. We discussed additional business goals that they could accomplish with greater trust in their users’ identities, particularly if attributes like professional certifications are attached to the identity.
To join the ongoing discussion about how having a multi-dimensional view of your users’ identities can help you combat fraud and protect your systems, contact us.
Recommended For You
Approximately $12 billion has been stolen by identity thieves over the past six years[i], and consumers are increasingly aware of […]
The CERCA Spring Conference, held on May 16, capped a broadly successful 2018 filing season that saw tax identity theft reduced by […]
Fraudulent account activity and identity fraud are both significant drains to today’s business resources. In the era of online and mobile commerce, […]
Fraudsters are a smart group. With each fraud prevention method that’s introduced, they figure out ways to work around it. […]