Synthetic Identity Fraud Detection and Prevention: Best Practices for Companies

Live Date: Thursday, September 17, 2020 from 12:00 pm to 2:00 pm (ET)
Recording Available: Friday, September 18, 2020

Cybersecurity & Privacy (CLE), Live Webcast

Overview:

Synthetic identity fraud remains to be a vexing problem for many financial institutions and organizations today. With its widespread impact and continuing proliferation, it is considered one of the fastest-growing types of financial crimes in the U.S. Significantly, without a comprehensive understanding of synthetic identity fraud, detection can become an increasingly difficult task. Although banks and other companies have been investing in technologies that offer help, financial crimes continue to surface, chiefly due to the lack of solutions that focus on detection and prevention.

To address the growing problem of synthetic identity fraud, banks and other financial institutions must integrate an effective and advanced platform that will cater to fraud detection and prevention while being aware of its scope and scale.

In this LIVE webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide the audience with an in-depth analysis of the recent developments in synthetic identity fraud. Speakers will present a comprehensive discussion of emerging threats and provide best practices for detection and risk mitigation.

Key topics included:

Overview of Synthetic Identity Fraud
Trends, Statistics, and Characteristics
Synthetic Identity Fraud in the U.S. Payment Systems
Risks and Challenges
Best Practices in Detecting Synthetic Identity Fraud

Agenda:

EVENT MODERATOR:
Paige Schaffer, CEO, Identity & Cyber Protection Services
(Moderator)
Generali Global Assistance

Bruno Domingues, Principal Architect
Intel Corporation

The Impact of Synthetic Identity Fraud for Enterprises:

- Detection and common red flags enterprises should be aware of
- How are enterprises tackling the issue of synthetic identity fraud
- Specific challenges enterprises face when addressing synthetic identity fraud
- Best practices in detecting & mitigating synthetic identity fraud risks for enterprises

Greg Saunders, Senior Vice President, Cyber & Intelligence Solutions
Mastercard

Synthetic Identity Fraud in the U.S. Payment Systems:

- Why is synthetic identity fraud more challenging than other types of fraud?
- Risks of synthetic identity fraud for both the consumer and the financial institution
- Specific challenges financial institutions face when addressing synthetic identity theft
- How can financial institutions mitigate their risk (technology, monitoring, etc.)?
- Tips for consumers on mitigating their risk (red flags, monitoring technology, etc.)

Shameka Walker, Senior Attorney
Federal Trade Commission

Synthetic identity fraud 101:

- General identity theft trends
- Resources for identity theft/fraud victims

Who Should Attend:

Chief Information Officers
Chief Information Security Officers
Chief Privacy Officers
Fraud Monitoring Officers
Human Resource Information System Managers
IT Risk Analysts
IT Audit Officers
Data Privacy Officers
Legal and Compliance Professionals
CEOs and Directors

Paige Schaffer CEO, Identity & Cyber Protection Services
(Moderator) Generali Global Assistance

Paige Schaffer is CEO of Global Identity and Cyber Protection services for Generali Global Assistance (GGA). She has been with …

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Bruno Domingues Principal Architect Intel Corporation

Bruno Domingues is currently leading the Cloud Computing and Digital Edge strategy for Financial Service Industry in Sales and Market …

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Greg Saunders Senior Vice President, Cyber & Intelligence Solutions Mastercard

Greg Saunders has 15 years of experience creating products for Mastercard’s Issuers, Merchants, and Cardholders. Currently he manages a Global …

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Shameka Walker Senior Attorney Federal Trade Commission

Shameka Walker is a Senior Attorney at the Federal Trade Commission in the Bureau of Consumer Protection, currently on detail …

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Course Level:
Intermediate

Advance Preparation:
Print and review course materials

Method of Presentation:
Live Webcast

Prerequisite:
General knowledge of identity theft

Course Code:
148859

NY Category of CLE Credit:
Areas of Professional Practice

Total Credits:
2.0 CLE

Add to Calendar 09/17/2020 12:00 pm 09/17/2020 2:00 pm America/New_York The Knowledge Group Webinar: Synthetic Identity Fraud Detection and Prevention: Best Practices for Companies If you haven’t registered for this event please click here:https://www.theknowledgegroup.org/cart/?add-to-cart=175575\r\n Synthetic identity fraud remains to be a vexing problem for many financial institutions and organizations today. With its widespread impact and continuing proliferation, it is considered one of the fastest-growing types of financial crimes in the U.S. Significantly, without a comprehensive understanding of synthetic identity fraud, detection can become an increasingly difficult task. Although banks and other companies have been investing in technologies that offer help, financial crimes continue to surface, chiefly due to the lack of solutions that focus on detection and prevention. \n \nTo address the growing problem of synthetic identity fraud, banks and other financial institutions must integrate an effective and advanced platform that will cater to fraud detection and prevention while being aware of its scope and scale. \n \nIn this LIVE webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide the audience with an in-depth analysis of the recent developments in synthetic identity fraud. Speakers will present a comprehensive discussion of emerging threats and provide best practices for detection and risk mitigation. \n \nKey topics included: \n \n \n Overview of Synthetic Identity Fraud \n Trends, Statistics, and Characteristics \n Synthetic Identity Fraud in the U.S. Payment Systems \n Risks and Challenges \n Best Practices in Detecting Synthetic Identity Fraud \n \n https://www.theknowledgegroup.org/webcasts/synthetic-identity-fraud-detection/

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About Generali Global Assistance

Generali Global Assistance (GGA), a division of the multinational Generali Group, has been helping people for over 50 years, with roots that run deep in the assistance and insurance industries. GGA was one of the first companies to provide identity theft resolution services in the United States and is now the identity protection engine behind some of the biggest names in the financial and insurance industries. Leveraging our global footprint, today we proudly offer identity protection services internationally, helping to protect millions from the relentless identity theft threat that knows no geographical bounds.

Website: https://www.irisidentityprotection.com/

About Intel Corporation

Intel was founded in 1968, and its technology has been at the heart of computing breakthroughs ever since. More than 50 years later, Intel is the world leader in the design and manufacturing of essential technologies that power the cloud and an increasingly smart connected world. Intel is transforming from a PC-centric company to a data-centric company, with workload-optimized solutions designed to help a broad set of customers process, move, and store ever-increasing amounts of data.

About Mastercard

Mastercard, www.mastercard.com, is a technology company in the global payments industry. Mastercasrd’s global payments processing network connects consumers, financial institutions, merchants, governments, and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business, and managing finances – easier, more secure, and more efficient for everyone.

About Federal Trade Commission

The Federal Trade Commission (FTC) is a national consumer protection agency. Its mission is to prevent deceptive and unfair business practices through law enforcement, advocacy, and education. The FTC’s IdentityTheft.gov serves as a one-stop resource for identity theft victims to report and recover from identity theft.