Fraud Management & Cybercrime , Fraud Risk Management

Fighting Fraud With ID Verification

Frank McKenna of Point Predictive Offers Tips for States
Frank McKenna, chief fraud strategist at Point Predictive

States attempting to crack down on unemployment compensation fraud should consider implementing identity verification technology from multiple sources rather than relying on one vendor, says Frank McKenna, chief fraud strategist at Point Predictive, an AI technology company.

See Also: OnDemand | Increasing Surge of Fake Account Creation? Find Out How You Can Prevent Impact On Your Business.

"I do believe that it [going for more than one vendor] is a great thing to do - especially in something as large as unemployment fraud because you need multiple solutions and multiple companies out there fighting the problem together," McKenna says.

In a video interview with Information Security Media Group, McKenna also discusses:

  • How states can take a multilayered approach to fighting fraud;
  • Challenges states will face implementing new technologies;
  • Why states must leverage technologies from multiple vendors.

McKenna is chief fraud strategist at Point Predictive. He has advised more than 200 banks, lenders and finance companies worldwide to help them achieve reductions in fraud. He also provides fraud management tips through his daily blog,

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

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