Managing the Operational Risks of Online Identities

The world of online business is poised to experience significant growth over the next several years. Put that alongside the ever-increasing sophistication and organization of fraudsters, and organizations are faced with the daunting task of not only translating their businesses to the online world, but doing so in a way that does not put them or users at risk. Drawing on lessons from the past, such as those hard learned in the Anti-Money Laundering (AML) arena, it will be critical that irrespective of how online fraud is detected that there is some way of sharing this data in an open standard way to protect the viability of the online channel.