Customer and Agent Time is Valuable

Don’t waste them. TrustID can help increase the use of lower cost self-service systems while improving your customers experience. Respect your customer by trusting them.

Caller ID and ANI Spoofing – the primary tool for committing financial theft and identity fraud schemes over the telephone have materially reduced the value of the calling party number as a key factor of authentication, and knowledge based authentication, or identity-interrogation is easily beat.

Trust is a key factor in global commerce: trust produces speed in a transaction; low trust causes friction and wastes time. Trusting the right callers can reduce your enterprise call center costs by 20%. Knowing which callers not to trust protects your assets and brand.

The result? Annual total fraud cost U.S. businesses over $62 billion a year.

With 50 billion annual calls in the U.S. that require caller validation, placing false trust in Unvalidated Caller ID or Unvalidated ANI is unacceptable. Since identity-interrogation is no longer predictive of who is on the other side of a transaction, the poor security of telephone-based commerce is increasingly compromising and your brand, profits and customer information. As a result, you can no longer afford to authenticate the way you have been.

Protect the Multi-billion Dollar Remote Telephone Channel

The telephone equivalent of a fake drivers license, spoofing is part of an increasingly sophisticated, “under the radar” way of illegal access through impersonating identity and creating false trust needed to perpetrate fraud. Spoofing, social engineering threats and telephone fraud are leading to the deterioration of Caller ID and ANI validity. More important, they’re outpacing risk mitigation strategies.

Question who you trust …

TrustID restores value to the apex of caller identification – ANI and Caller ID. It’s time to stop using ineffective and customer unfriendly authentication methods, and start using TrustID.

By helping financial institutions and other enterprises conducting telephone-based commerce to combat the growing threat of Caller ID Spoofing and ANI Spoofing, TrustID secures the telephone as a profitable, safe way to transfer money, buy products and share information.

Don’t let your enterprise fall victim to rising fraud, such as:

• Voice Phishing (Vishing)
• Social engineering attacks
• Line takeover
• Fraudulent card activation
• Account break-out

Learn more about how TrustID can help you manage fraud and minimize risk.