Techniques for Securing Transactions With Identity Verification and Verifiable Claims
- LANGUAGE: English DATE: Wednesday, October 07, 2020 TIME: 4:00pm CEST, 10:00am EDT, 7:00am PDT
Consumer and Workforce identities are under assault. Cybercrime and fraud are pervasive problems that have only escalated during the pandemic. Even as the number of online and mobile transactions increases, businesses, government agencies, and other organizations are actively searching for solutions to help them minimize fraud and other kinds of cybercrime.
As most regions of the world entered some degree of lockdown due to the pandemic, consumers are increasingly relying on digital services to order groceries, take out food, medicines, hardware, home goods, etc. online. Most workforce in organizations continues working from remote locations. Under these new circumstances, a robust digital identity solution is key to making their experiences efficient, pleasant, and secure. Digital identities have never been more important.
Security researchers have seen an explosion of COVID-related fraud schemes. Even prior to COVID incidents of Account Takeover (ATO) and Synthetic Account fraud were on the rise.
Join this webinar where we will:
- Discuss examples of these kinds of fraud and how they work
- Talk about how authentication mechanisms today can be augmented to prevent such fraud
- Show how proper identity vetting processes are essential for authentication and authorization by acquiring authoritative attributes
- Explain why this, in turn, serves to increase identity assurance levels, thereby improving security, privacy, and ultimately, user experiences as well
John Tolbert, Lead Analyst at KuppingerCole, will explain why Covid-19 has led to an increase in ATOs and other kinds of fraud and how they work
He will be joined by Michael Engle, CSO at 1Kosmos who will discuss how a single solution can help verify identities, authenticate users and validate claims/credentials.
100 Franklin Square Dr, Suite 424 • 08873 Somerset, New Jersey • USA
1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital with headquarters in Somerset, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn.
At some point, any business connected to the internet is likely to become a victim of a ransomware because they are relatively easy and inexpensive to carry out, but potentially yield large payouts for cybercriminals. The best way of tackling this threat is to know how to break the attack chain.