Power of Consortium - How to Create Balance Between Fraud and Friction

Power of Consortium - How to Create Balance Between Fraud and Friction

May 22, 2019, 11:30 AM - 11:50 AM

Nob Hill B
Language:
English
Solution Session: ThreatMetrix will present the latest fraud and payments trends from the analysis of more than 40 billion annual transactions, with a specific focus on the card not present use case. Challenge - Changing customer demands where omni-channel is no longer optional. How do we create balance between fraud and friction? When you look at the lifecycle of fraud, from obtaining stolen data, to launching attacks, to cashing out - it often involves collaboration across a criminal network, sharing data, skills or toolkits. The Dark Web provides fraudsters with the platform to find their accomplices. This is exactly what needs to be done at merchant's end- collaboration in real time. They need to create a consortium to share data with each other to make it harder for the fraudster to increase the breadth and depth of their attacks. By taking

Contributors

  • Parul Sharma

    Speaker

    ThreatMetrix

    Parul heads up professional services for the North American eCommerce sector at LexisNexis® Risk Solutions | ThreatMetrix®. She is a business leader...

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