Access Management , Artificial Intelligence & Machine Learning , Biometrics

Updating Authentication Strategies to Battle Fraud

Turnkey Risk Solutions' Amy Walraven on Mitigating the Risk of Synthetic ID Fraud
Amy Walraven, president, Turnkey Risk Solutions

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.

See Also: Playing A New Hand: How Digitalization Is Reshuffling The Cards For Banks Worldwide

“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.


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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