How are you going to protect your customers from Identity Theft?

It is a reasonable question, given the new OCC Identity Theft Red Flags and Address Discrepancies regulations are soon going to require financial institutions to implement an Identity Theft Prevention Program in connection with new and existing accounts. No doubt, this will create some challenges for every financial institution impacted by the new regulations.

However, there is a solution you can implement today to help you protect your customers from identity theft, even if their information is already compromised –FraudNet by The 41st Parameter.

FraudNet is an established anti-fraud platform which leverages several patented technologies to combat fraud and identity theft in the Internet channel. Using a combination of unique parameters captured from a user's device during online account login and a comprehensive analytics engine, FraudNet helps identify suspicious activity with the highest level of accuracy – and it does not affect your customer’s experience.

With increased visibility into each login attempt, you can accurately identify and stop any potential attempt at identity theft. Our comprehensive analytics engine, comprised of more than 200 separate algorithms, offers a complete case management tool for efficient investigation and accurate analysis of fraudulent logins. FraudNet allows you to flag suspicious accounts and respond appropriately so you can prevent and mitigate identity theft.

Contact us info@the41.com today and learn more about how The 41st Parameter’s fraud solutions can help you protect your customers from identity theft.