Financial institutions will be looked to for increasing leadership in the fight against ID fraud. But consumers will be asked to bear more responsibility as well, says James Van Dyke. The number of ID fraud incidents dropped 28 percent from 2009, but expenses associated with ID fraud nearly doubled. The expense associated with recovering from ID fraud increased 66 percent in 2010, according to the Javelin study. The future of fraud-detection should be built around integrating a bank’s back-end solutions with the solutions consumers are already investing in.”]
Source: https://www.bankinfosecurity.com/opportunities-in-identity-fraud-management-a-3605