September 25, 2017
September 22, 2017
September 19, 2017
Government-related data breaches can have an extremely negative effect on public perception, reputation and trust. The data involved is often highly sensitive and can have huge consequences if it passes into the wrong hands, having political as well as financial implications. Cybercriminals are motivated by a range of different circumstances, from applying for a fraudulent visa, to intercepting and falsifying environmental data, to perpetrating tax fraud. Whatever the motivation, government departments are under increasing pressure to ensure that they have a robust fraud and security strategy that is able to detect the full spectrum of possible attacks.
Government departments are key targets for cybercriminals attempting to takeover sensitive accounts with stolen or synthetic identities, steal personal credentials or intercept data. In addition, corporate espionage can have devastating consequences, making insider threats a real concern. This heightened threat is set in the context of numerous high profile data breaches which have flooded the dark web with easily available identity data.
Cybercriminals can purchase a complete identity for mere dollars, making it far harder for government departments to really know who they are transacting with.
Static identity assessment data is near useless when pitted against fraudsters using stolen identities, or pitch perfect social engineering attacks that harvest sensitive personal credentials to gain access to user accounts. ThreatMetrix can provide a robust, holistic approach to authenticating user identities that leverages dynamic, real-time intelligence and is able to detect live threats from malware and bots before they infiltrate government accounts.
The ThreatMetrix solution is powered by the ThreatMetrix Digital Identity Network which harnesses global shared intelligence from millions of daily consumer interactions including logins, payments and new account applications. Using this information, ThreatMetrix creates a unique digital identity for each user by analyzing the myriad connections between devices, locations and anonymized personal information. Behavior that deviates from this trusted digital identity can be accurately identified in real time, alerting government departments to potential fraud. Suspicious behavior can be detected and flagged for manual review or rejection before a transaction is processed.
Government-related data breaches can have an extremely negative effect on public perception, reputation and trust. The data involved is often highly sensitive and can have huge consequences if it passes into the wrong hands, having political as well as financial implications.
Digital Identities are created by combining the following key intelligence:
This layered approach to fraud prevention, authentication and threat detection allows government departments to have a far more accurate risk profile of each and every transaction.
ThreatMetrix can help government agencies confidently detect key situations that put user accounts or government data at risk including:
Long-term fraud protection for key government platforms can be supported by the following ThreatMetrix capabilities: