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Key customer authentication learnings from 2018

TRUSTID

It’s essential for ensuring their information isn’t used for malicious activity such as account takeovers or identify fraud. According to the Identity Theft Resource Center, no corner of the business sector is completely immune to fraud. Contact center agents don’t trust KBA. Contact center agents don’t trust KBA.

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Working together to improve customer relationships

TRUSTID

While customers certainly demand and appreciate that their bank takes the necessary steps to ensure their accounts are safe and protected from fraud, how they do that can impact their experience. This could be attributed to the ongoing reliance of personally identifiable information (PII).

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The threat of open information sharing

TRUSTID

The problem is all of this personal data falls within knowledge-based authentication (KBA) security questions. . The data is collected by fraudsters to build personal profiles they can sell to other criminals, apply for credit cards, or socially engineer banks to takeover customer accounts.

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Working together to improve customer relationships

TRUSTID

While customers certainly demand and appreciate that their bank takes the necessary steps to ensure their accounts are safe and protected from fraud, how they do that can impact their experience. This could be attributed to the ongoing reliance of personally identifiable information (PII).

article thumbnail

Working together to improve customer relationships

TRUSTID

While customers certainly demand and appreciate that their bank takes the necessary steps to ensure their accounts are safe and protected from fraud, how they do that can impact their experience. This could be attributed to the ongoing reliance of personally identifiable information (PII).

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The benefits of reducing KBA dependency

TRUSTID

While banks know that relying on conventional knowledge-based authentication (KBA) can leave customer accounts vulnerable to social engineering attacks, many continue to take that risk anyway.

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Advantages of early caller validation

TRUSTID

By verifying callers before a phone agent picks up, contact centers can remove the risk of account takeovers and other fraudulent activity. These phone scams use personally identifiable information (PII) to answer telephone security questions to slip passed call center’s basic defenses.