The Rise of New Account Fraud: Best Practices in Identification and Verification

As EMV has become widespread, the traditional avenues for card fraud have become dead-ends for fraudsters who are now targeting industries with weaker defenses, including store-branded cards, e-commerce, and  auto, mortgage, home equity and student loans. According to Javelin Strategy and Research’s 2019 Identity Fraud Study, losses due to New Account Fraud (NAF) increased by $400 million in 2018.

At the same time, consumers continue to demand robust online and mobile channels for everything from enrollments to transacting and more. Firms across nearly all industries must bolster their NAF prevention tools while simultaneously developing their digital service capabilities.

Join Al Pascual, SVP and head of fraud & security at Javelin and GIACT’s David Barnhardt, EVP of product, to learn the latest developments from Javelin’s 2019 Identity Fraud Study and best practices for reducing NAF as well as how to reconcile security with a frictionless customer experience.

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