Fraud Management & Cybercrime , ID Fraud

Upcoming Executive Order on ID Theft: Key Points to Consider

A Panel of Experts Discusses Vital Measures the Government Must Address
From left: Frank McKenna, Jake Emry and John Buzzard

The Biden administration announced it will soon come out with an executive order to control identity theft in pandemic relief programs. What important elements should be included in the executive order? A panel of experts - John Buzzard, lead fraud and security analyst at Javelin Strategy & Research; Frank McKenna, chief fraud strategist at PointPredictive; and Jake Emry, fraud prevention SME at NICE Actimize - share their recommendations.

See Also: Fireside Chat | Zero Tolerance: Controlling The Landscape Where You'll Meet Your Adversaries

"There has to be a solid marriage between behavior analytics, machine learning and identity-proofing tactics. Various data points, which I call the telephony details, can be leveraged. Basically, anything that binds you to a device and IP data, there is a huge data source there," Buzzard says.

McKenna says the government should make it mandatory for state governments to leverage multiple vendors rather than relying on just one. "The government should not rely on one solution to do driver's license verification but multiple solutions, so that they have multiple traces. Moreover, pattern recognition tools must be leveraged so that the focus is not on one particular fraud," he says.

"There are lot of technologies out there, but I would like to see some budget being allocated. There has to be political support in fighting fraud together," Emry says.

In a video interview with Information Security Media Group, the panelists also discuss:

  • What led to the large fraud in benefits programs;
  • How not all fraud is about identity theft;
  • The various policies of the executive order.

Buzzard is a nationally recognized financial fraud and security expert. He has influenced the card fraud, risk and security services for financial institutions throughout the United States through research, writing white papers, public speaking and consulting. He has more than 20 years of experience in the areas of fraud, security and risk management.

McKenna 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, FrankonFraud.com.

Emry defines and leads strategic initiatives within the fraud and authentication line of business, focusing on fraud analytics at NICE Actimize.


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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