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.
Key Learning Objectives
- Learn the limitations of KYC and how KYU can deliver fraud protection across the user journey post onboarding
- Learn how Know Your User is critical to stopping impersonation and manipulation based account takeovers
- Learn how Know Your User goes beyond notifying and alerting on fraud and can deliver proactive fraud prevention
- Learn how behavioral biometrics and user behavioral patterns are key to knowing users, and knowing bad actors as well
Audience
- CISO
- IT security
- Fraud & Risk
- Compliance
