How to Close the Trust Gap and Approve More Customers Online
“Trust gap” is a term that has been trending since the start of the COVID pandemic – have you heard of it? It refers to the discrepancy between the percentage of customers that companies can trust and greenlight immediately in-person vs. how many they can trust online. With more and more consumers interacting online than ever before, and more fraudsters taking advantage of that surge, the trust gap is forcing companies to put more security hurdles in place, hindering the customer experience.
So how can companies close the trust gap and approve more consumers online while still mitigating fraud?
Prove’s VP of Fraud Product Management, Ryan Alexander, shared 3 things that companies should be considering to improve their identity proofing processes with InfoSecurity Magazine today.
Click here to read the full article.
Keep reading
Read the article: Prove Global Fraud Policy℠: A New, Adaptive Standard for Digital IdentityIntroducing the Global Fraud Policy (GFP), Prove’s new unified, adaptive fraud-defense engine that replaces fragmented, custom rules with a single, comprehensive policy that automatically updates as new threats emerge. This forward-looking framework helps businesses anticipate and respond to evolving threats like GenAI deepfakes, synthetic identities, and eSIM bots, protecting customers at scale.
.png)
Read the article: Passkey Syncing Fraud: The New Attack Vector Everyone Saw ComingPasskey syncing, a feature meant for convenience, has created a new security threat by allowing attackers to compromise cloud accounts and download victims' passkeys. Learn how this fraud happens and the steps consumers and businesses can take to protect high-risk accounts.
Read the article: Prove Pre-Fill® Now Available on Temenos Exchange, Delivering Seamless Onboarding to Banks WorldwideProve Pre-Fill® integrates with Temenos Exchange to give banks worldwide seamless, faster customer onboarding and dramatically reduce fraud.
