Don’t Stop At Knowing Your Customer, To Stop Fraud You Need To Know Your User Too.
There are numerous approaches to KYC to ensure a new customer is real and is really who they say they are. Financial institutions need to apply necessary due diligence to confirm a new user is legitimate, especially in the case of an all-digital signup process. But, from this point forward, the inability to identify a customer at every point in the user journey beyond onboarding leaves financial institutions open to attack. Once onboarded, a customer becomes a likely target for an Account Takeover based on any number of manipulation or impersonation-based threats.
In this webinar, you’ll learn why KYC doesn’t protect against bad actors from committing fraud post onboarding. You will also learn how important it is to Know Your User at every point in the customer journey to prevent account takeover attacks. Know Your User delivers continual user verification at every point in a user’s online journey to prevent Account Takeover manipulation and impersonation-based ATO attacks. Revelock’s KYU also allows fraud prevention teams to create automated processes to stop manipulation and impersonation attacks.
You will also learn how the new account opening process provides a perfect opportunity to analyze new users and build digital profiles to continually verify them at every point in each successive customer journey by continually asking, “are you really you?”. You will understand how Revelock takes a unique approach to verify users by creating a unique BionicID for each user at signup. BionicIDs are based on behavioral biometrics and use a person’s individual behavior patterns – like the rhythm and cadence with which they type on their keyboard, how they move their mouse or even their locations (geolocation, network, etc.).
Signup for the “Know Your Customer, or Know Your User, Which Is More Important?” webinar to learn how knowing your customer can deliver an efficient way of identifying bad actors throughout the customer journey. Additionally, this webinar will cover how protecting financial institutions from fraud requires going beyond traditional alerting and notification capabilities. For KYC/KYU solutions to be truly effective at preventing fraud, they must automatically stop bad actors to prevent fraud losses before they occur. Attending this webinar will help you understand how to protect your bank and your customers from ever-evolving cyber threats.
Richard da Silva,
Richard da Silva is a cybersecurity industry veteran. An experienced business leader with over 15 years of experience in IT companies including RSA and DELL. Passionate about business and technology, Richard started in operational roles moving up to managing strategic territories across EMEA.
With his background, he’s been able to add value in incrementing business and making organizations more effective from a strategic and operational perspective.