A Zero-Day Mission to Reduce Account-Based Fraud
Detecting account-based fraud has become an endurance contest that requires long-term monitoring.
Treating every new client as a potential criminal is no way to begin a long and fruitful business relationship. Advancements in technology should empower rather than hinder new account openings and long-term fraud detection practices that help capture account-based fraud without a dependency on massive data collection practices that can take time to establish.
This report*, co-sponsored by Javelin, explores how advanced authentication practices can help financial services providers differentiate between threat actors and legitimate accountholders without compromising the legitimate client’s access to accounts and services.
* This report was adapted from the 2021 Identity Fraud Study Shifting Angles, published by Javelin Strategy & Research in March 2021.