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ExperianFraud Prevention Solutions

FMVÖ Business Breakfast

Cyber Crime prevention for the financial services industry

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Introducing Experian

3 © Experian

Identity Theft is a Global Virus

Top 5

Top 6-10

Top 21-30

Top 31 - 50

Top 50 +

Attacks per country of origin– source Threatmetrix Q2 2018 Cybercrime Report

Top 11-20

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Estimated global cost of

cybercrime by 2019Number of $’s lost by cybercrime

victims annually

Estimated global spending to

combat cybercrime in 2018 (corporate and consumer)

$2Trillion

$750Billion

$80Billion

80% of Cybercrime starts with Identity Theft

Global Identity Theft by Numbers

Sources: Threatmatrix, Hackmaggedon.com, SecurityIntelligence.com 2017

5 © Experian

What Damage is Caused by Identity Theft

• Thieves can now open bank accounts, apply for credit and

loans and obtain cash in your name.

• Your bank account could be cleared out, credit score ruined

and jobs and valuable possessions taken away.

• Personal information passes to law enforcement during an

investigation

• Victim could be arrested for crimes they didn’t commit

• Risk of damage to employment prospects if criminal

records match within routine background checks

• Focus of attention at security checkpoints at airports

Assets

Credit

Medical

records

Reputation

Health and stress

Criminal

Financial

Once the damage is done, the road back to restoration can be both time-consuming and expensive

6 © Experian

To help further, our

Identity protection

service also provides

users with instructions

about how to prevent ID

fraud

Prevent and

Restore

If personal information is

compromised or at risk

of being compromised

the service alerts the

user

Detect and

Alert

How Does it Work?

The user registers on the

portal and enters the

personal data they wish

and authorize to be

monitored

Experian’s Identity

Protection service then

monitors the dark web

for the users data

Register Scan

7 © Experian

Experian Identity Theft Protection Components

CyberAgent®

Internet Surveillance

and Reporting

Social Media

Monitoring and

Reporting

GDPR compliant data

breach response

services

Determining the

type of fraud and

providing guidance

Child Monitoring

and Reporting

Customer Onboarding

Marketing

Identity Education

Center

Small Business

Monitoring

Identity Protection Assisted Restoration Data Breach ServicesCustomer Education

8 © Experian

Experian CyberAgent – Dark Web Surveillance

Alert your customers and staff of matches to their

monitored personal information on the dark web

✓ 24/7 searching of dark web, hacker communities and web pages, for more than 40 types of personal data

✓ Detects and alerts the customer instantly if personal information is compromised and at risk of being illegally shared,

stolen or sold online

✓ 4 billion+ records matched since 2006, 1 million new records being added every day

✓ Can be configured to track data in different languages.

✓ Optimised for mobile and tablet display and native mobile app options

✓ Provides your customers and staff with identity theft education, risk minimizing tips and help with onboarding

marketing

✓ Determining the type of fraud in play, providing restoration guidance and documentation

9 © Experian

White

Labelled

Experian

House Brand

Experian

Co-brand

Branding options

10 © Experian

Example clients • Aon Insurance USA – ID Protection services through their benefits channel for health and medical

• AT&T USA – ID Protection as part of its Mobile Protection Plan

• Capital One, USA – ID Protection as part of its CreditWise service to 22 million customers

• Morgan Stanley USA – ID Protection to their “High-Net-Worth” customers

• MasterCard USA – ID Protection as part of their card portfolio to their Issuing Banks under the marketing campaign “Safe and Secure”.

• SunTrust Bank (USA) – ID Protection offered free to all customers after data security issue by a former employee

• American Automobile Association (AAA), USA – ID Protection to it’s members as part of their membership scheme.

• Anadolu Sigorta Insurance Company, Turkey – ID Protection as part of it’s Insurance policies for IsBank - Turkey Is Bankasi A.S, banking customers.

• Sompo Japan Insurance Company, Turkey – 6th largest Insurance company in Turkey offering ID Protection as part of its Cyber Insurance Policy to some large Turkish Banks

• Italian Banks: Intesa Sanpaolo; Credit Agricole; Banca Monte dei Paschi di Siena.

• Alior Bank, Poland and Germany – provides ID Protection to their customers

• Howden UK Group, UK – provides ID Protection as part of their Cyber Security Insurance

• Allianz Global Assistance, India – provides ID Protection as part of a packaged solution

11 © Experian

KontaktdatenChristian Held Christof Seifert

Senior Account Director Senior Fraud Consultant

T:+43 (0)1 524 91 98 12 T.: +43 (1) 5249198 - 120

M:+43 660 50 88 925 M: +43 (664)46 80 308

E- Mail:christian.held@experian.com E-Mail: christof.seifert@experian.com

Experian Österreich GmbH

Strozzigasse 10/14

1080 Wien

www.experian.at