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KuppingerCole Webinar: Fighting Fraud With Strong Authentication
November 21 @ 10:00 am – 11:00 am EST
How to Block Fraudulent Account Creation and Takeovers With Higher Assurance Processes
This webinar is now passed. Watch the recording.
Strong authentication is one cornerstone of web security. However, account enrollment and account recovery processes are leaving gaps in the credential management lifecycle that allow bad actors to perform account takeover and get into our networks. Increasingly, these bad actors aren’t even real. Stolen identity information that is used to create new fake IDs, known as synthetic identity fraud, is a fast-growing form of fraud.
Higher assurance processes can block fraudulent account creation and takeovers. These same high-assurance processes, such as new remote, possession-based techniques using biometric “selfie” matching and government-issued identity document authentication, also help advance portable identity or decentralized identity initiatives.
This KuppingerCole webinar covered the following topics:
- Concerns about the increase in financial fraud and identity theft
- The digital identity/credential management lifecycle as it works today
- Areas in the enrollment and recovery processes for fraud including where synthetic identities can sneak past KYC processes
- The use of biometrics, AI and remote document authentication for initial onboarding and recovery
In the first part of the webinar, KuppingerCole Lead Analyst John Tolbert discussed concerns about the increase in financial fraud and identity theft and gave an overview of some of the most common methods used for attacks in these cases.
He was joined by Andrew Shikiar, Executive Director and CMO of the FIDO Alliance, who steped through KYC processes in alternative scenarios which put higher assurance processes into place to show how they can block fraudulent account creation and takeovers.
FIDO Alliance was the lead sponsor of this webinar.
John Tolbert, Lead Analyst, KuppingerCole
John Tolbert is a Lead Analyst and Managing Director of KuppingerCole, Inc (US). As Lead Analyst, John covers a number of different research areas, outlined below. John also advises cybersecurity and IAM vendors, from startups to Fortune 500 companies, regarding their product and service roadmaps.
Andrew Shikiar, Executive Director and Chief Marketing Officer, FIDO Alliance
Andrew Shikiar is the Executive Director and Chief Marketing Officerr at FIDO Alliance, a global consortium working to create open standards and an interoperable ecosystem for simpler, stronger user authentication. He has deep experience in multi-stakeholder organizations, having previously led market development efforts for Tizen Association, LiMo Foundation, and Liberty Alliance Project – and also helped structure and launch groups such as the Smart TV Alliance and Open Visual Communications Consortia.
Shikiar additionally has held executive and managerial roles driving a variety of emerging initiatives at leading technology companies. Managerial roles at Sun Microsystems included PR and marketing leadership for the company’s Java and identity management initiatives. Andrew was also a founding executive at Radical Communication, an early entrant in the interactive email & analytics market. Most recently, Andrew served as VP of Marketing & Business Development for machine learning pioneer BigML.
Andrew has extensive public speaking and media experience. He has been quoted in the Wall Street Journal, MSNBC, CNN and a variety of technology trade publications, and has spoken at dozens of conferences and events around the world.