“…identity proofing is the biggest fraud problem out there. Fraud has become an identity problem.” – Avivah Litan, Gartner (via American Banker)
It’s no secret that we live in a digital world. And with this reality comes the increasingly complex task of matching a person’s digital identity to their real world identity. Businesses across industries, but especially in industries where security risks are high–such as in banking and finance, gaming, and shared services–trust is central, and compliance requirements demand a strong customer identity program, are well aware that solving the digital-real world identity problem is a must.
Do you know who’s on the other end of that digital transaction? How do you know for sure?
Without the right approach to identity verification, security will continue to be at stake and fraudsters will have the upper hand. More so, businesses will be held back from their ability to take full advantage of the opportunities that exist to capitalize on the digital world.
How will the landscape of security and identity verification change in the year ahead? Are you positioned to give your customers a secure, trusted, and frictionless process on any device?
Take a look at the infographic below for our predictions on the top security and identity verification trends to watch in 2017: