Updating Authentication Strategies to Battle FraudTurnkey Risk Solutions' Amy Walraven on Mitigating the Risk of Synthetic ID Fraud
Organizations should go beyond one-time passwords to include other layers of authentication as they strive to mitigate the risk of synthetic ID fraud, says Amy Walraven, president of Turnkey Risk Solutions, a Newark, Delaware-based risk management company.
“The key is to keep the foundation that is there and add layers to it, like biometrics and AI,” Walraven says.
In a video interview with Information Security Media Group, Walraven also discusses:
- Why one-time passwords and other long-standing authentication methods should be retained;
- How synthetic ID fraud has evolved;
- New layers of authentication to help combat synthetic ID fraud.
Walraven, president of Turnkey Risk Solutions, has more than 25 years of experience in identifying, assessing, targeting and resolving fraud, credit and risk issues. She has developed and implemented comprehensive business practices, scoring models and clustering algorithms to detect fraud schemes including credit bust outs, synthetic identities and syndicated fraud activity.