Have You Planned Your 2012 Fraud Prevention Checklist?

  • Fraud Prevention

As the end of the year approaches, companies are examining budgets, tying up loose ends, finalizing projects, and doing everything they can to survive the next few weeks until the big ball drops. Beyond the clich resolutions, have you planned for 2012?

In the article 2012 Compliance Checklist, the new compliance requirements are discussed for the New Year. It touches on different guidelines from Securities and Exchange Commission (SEC)to suggestions for more continuous monitoring of compliance measures. One of the most important topics is the new guidelines issued by the Federal Financial Institutions Examination Council (FFIEC). As Jeff Davis, President and CEO of EVS, mentions in his blog, New FFIEC Guidelines-Time to Layer, companies are now expected to take efforts beyond implementing multifactor authentication and must layer their practices to ensure better fraud prevention.

By using Knowledge Based Authentication (KBA)companies can ensure an additional layer to their security measures. The IdentiFlo Management Platform can also help to manage your account and security options as well as view transaction history. This will help to monitor security practices as well as keep up with accountability. Regardless of what your companys fraud prevention checklist looks like for 2012, EVS can offer integrated solutions to ensure the ID verification and authentication that you need. Now thats something worth celebrating.