>> BACK TO
FAST FORWARD.
>> BROUGHT TO YOU BY 10 TICKS
OUR WORLD IS BECOMING MORE AND
MORE DIGITALLY DEPENDENT EVERY
DAY SO IT'S IMPORTANT TO
PROTECT OURSELVES AND OUR
BUSINESSES AGAINST ANY
POTENTIAL THREATS ON AND
OFFLINE AS IDENTITY FRAUD IS
BECOMING MORE PERVASIVE THAN
PEOPLE REALIZE. JOINING US NOW
IS CARRIE COOLIDGE A CEO OF A
10 TICKS CAN GREAT TO HAVE YOU
WITH US ON THE SHOW.
I DO WANT TO
UNDERSTAND JUST HOW BIG OF A
DEAL IS IDENTITY FRAUD AND WHAT
EXACTLY IS DRIVING THIS ISSUE.
>> MAGNITUDE OF
IDENTITY FRAUD. GLOBALLY
IDENTITY FRAUD HAS ACTUALLY
CREATED 42 BILLION DOLLARS IN
LOSSES IN THE LAST YEAR.
AND 33% OF AMERICANS HAVE HAD
THEIR IDEA THE STOLEN SINCE THE
PANDEMIC AND AS YOU'RE TALKING
ABOUT YOUR
AND THERE'S BEEN A 300% GROWTH
IN FRAUD AND ONE IN 10
AMERICANS HAVE HAD THEIR
IDENTITY STOLEN SO IS THE WORLD
HAS BECOME WERE DIGITALLY
DEPENDENT THE OPPORTUNITIES FOR
FRAUDSTERS
HAVE MULTIPLIED AND WHAT THAT
MEANS AND WHY THAT MATTERS FOR
ALL OF US IS
EACH TIME YOU HAVE A DIGITAL
INTERACTION YOU LEAVE A SMALL
LITTLE PIECE OF PERSONAL
INFORMATION ABOUT YOURSELF.
NOW WHETHER
IT'S YOUR LOCKING ON TO SPOTIFY
THAT WAS YOUR FAVORITE MUSIC OR
YOUR SHOW AN ONLINE YOU AND
YOUR CREDIT CARD INFORMATION IN
EACH OF THESE DIGITAL
INTERACTIONS, THESE LITTLE RED
CRABS.
AND TO YOU AND ME THESE BREAD
CRUMBS MAY SEEM FRAGMENTED OR
ON ORGANIZED BUT WITHOUT THE
PROPER PROTECTION IN PLACE IT
ACTUALLY OPENS UP THE DOORS FOR
THE CROP
FRAUDSTERS TO FOLLOW THE TRAIL
OF INFORMATION ASSEMBLING IN
THEM IN WAYS THAT ALLOW THEM TO
ACTUALLY IMPERSONATE YOU.
>> AND BECAUSE MORE AND MORE OF
OUR INFORMATION AND OUR DATA
BECOMES AVAILABLE. HOW IS
I DID INDEED VERIFICATION GOING
TO EVOLVE WHEN IT COMES TO
PROTECTING OUR PERSONAL DATA.
>> I PREVIOUSLY AND IN ORDER
FOR PEOPLE TO VERIFY WHO THEY
ARE USED TO REQUIRE FACE
TO FACE ACTION IN SOME
COUNTRIES THIS IS ABSOLUTELY
STILL A CASE IDENTITY PROOFING
AT ITS CORE IS SHARING
YOUR PASSWORD OR YOUR DRIVER'S
LICENSE, THIS IS A SECURITY
NUMBER OR YOUR
BIRTH CERTIFICATE. BUT AS WE
LOOK TOWARDS THE FUTURE
IDENTITY VERIFICATION IS NOT
ONLY GOING TO
BECOME AUTOMATED BUT SEAMLESS
AND SECURE AND WE'RE STARTING
TO CATCH GLIMPSES OF THIS
TODAY, THE PREVIOUS SEGMENT,
WHERE YOU DID A DAY IN THE LIFE
OF
AND JD. ACTUALLY DEPICTS WHAT
THE WORLD COULD LOOK LIKE AND
IF YOU'RE AN APPLE PRODUCTS
ADVOCATE AND YOU'VE GOT AN
APPLE WATCH AND YOU'VE GOT A
MAC BOOK YOU'VE ALREADY
EXPERIENCES MAGICAL MOMENT,
WHEN YOU APPROACH YOUR MAC BOOK
AND IT AUTOMATICALLY SIGNS U N
OPENS UP THE DOOR TO THE TO THE
INTERNET AND IT'S NOT IT'S DONE
BECAUSE THERE'S A SERIES OF
DATA SIGNALS THAT HAPPENED
BEHIND THE SCENES THAT ARE
MAKING THESE DECISIONS AND
THOSE TYPES OF THINGS THAT
BECOMING
VISIBLE ACTUALLY HIRE YOU OR ME
OR ANY CONSUMER TO NOT DO
ANYTHING EXCEPT TO APPROACH
THE DEVICE.
>> YEAH IN CARY TO YOUR POINT
WE LAID OUT HOW THESE
TECHNOLOGIES CAN HELP CREATE A
MORE SEAMLESS EXPERIENCE
BUT WHAT ABOUT INCLUSIVITY WHAT
ARE SOME OF THE WAYS THAT THIS
TECH IS CREATE A MORE INCLUSIVE
WAY
OF VERIFICATION.
>> I MEAN THIS IS WHAT'S
INCREDIBLY EXCITING. I THINK
ALL OF US WHO'VE BEEN IN THE
INDUSTRY FOR YEARS IS IT'S
ALLOWING PEOPLE TO PARTICIPATE
IN THE GLOBAL ECONOMY THAT
NEVER HAPPENED BEFORE AND MAY
HAVE PREVIOUSLY BEEN SHUT OUT
TO TAKE FOR EXAMPLE, THE
FINANCIAL SECTOR RIGHT NOW
THERE'S 3.2 BILLION PEOPLE WHO
HAVE AN ID BUT DON'T HAVE A
DIGITAL TRAIL. THERE'S ANOTHER
BILLION PEOPLE WHO DON'T HAVE A
LEGAL FORM OF IDENTIFICATION
AND FOR THESE INDIVIDUALS
OPENING UP A BANK HOW WOULD
REQUIRE NEW FACE TO FACE
VERIFICATION. AND NOW YOU CAN
VERIFY ANY IDENTITY
FROM ANY WHERE IN THE WORLD
ENABLING THESE BILLIONS OF
PEOPLE TO PARTICIPATE IN THE
GLOBAL ECONOMY, SO TECHNOLOGY
HAS OPENED UP THE DOOR TO
TREMENDOUS UP TO THE NIE IS
THAT THE OTHER DAY MCKENZIE
STUDY AND THEY CLAIM THAT
BY 20 30 THAT IDENTITY DENIED
ANY VERIFICATION WILL UNLOCK
THE EQUIVALENT VALUE
3 TO 13% OF GDP. SO THEY'RE
FINE PEOPLE'S
IDENTITIES ISN'T ABSOLUTELY
EQUALIZER AND NOT JUST FOR
ALLOWING OTHERS TO GET ACCESS
TO THE FINANCIAL SECTOR.
BUT HEALTH CARE AND EDUCATION
AND SO
MUCH MORE.
>> FOR KERRY, YOU KNOW, AS YOU
ALLUDED TO WHEN IT COMES TO
IDENTIFY IDENTIFIED IDENTITY
VERIFICATION WE OFTEN THINK
ABOUT FINGERPRINTS OR
GOVERNMENT ISSUED ID EASE LIKE
PASSPORTS, BUT WHAT ARE SOME
OF THE OTHER LAYERS THAT SHOULD
BE TOP OF MIND AND WHY DO WE
NEED THESE MULTIPLE LAYERS
OF DEFENSE.
>> TECHNOLOGY NEEDS TO BE
ADAPTIVE SO IT CAN SEAMLESSLY
VERIFIED.
>> PEOPLE AND INDIVIDUALS AND
BUSINESSES.
>> REGARDING WHETHER IT'S THE
CONTEXT OF THE TRANSACTION
AND OR ITS REAL TIME BECAUSE
IT'S THE LEVEL OF RISK OF THE
TRANSACTION SO A GOOD EXAMPLE
MOVING MONEY TO A FRIEND OR
BUYING DINNER VERSUS BUYING A
HOUSE OR RENTING A CAR. THEY
ALL REQUIRE SOME SORT OF
VERIFICATION
ABOUT YOU WHETHER IT'S TO
VALIDATE THAT YOU HAVE THE
CREDENTIALS TO LOG-IN TO YOUR
PAY POWER YOUR VENMO ACCOUNT
OR IT'S ASSERTING WHETHER OR
NOT YOU'RE FINANCIALLY
QUALIFIED TO AFFORD
THE LOAN. EACH OF THESE
INSTANCES REQUIRE A CERTAIN
LEVEL OF ASSURANCE ASSURANCES
SECURITY LAYERS TO DETERMINE
THAT YOU ARE WHO YOU SAY
YOU ARE. SO IN THE VENMO
SITUATION, YOU KNOW IT'S
SUFFICIENT TO PROVIDE A USER
NAME
AND PASSWORD. BUT WHEN APPLYING
FOR A LOAN YOU NOT ONLY NEED TO
VERIFY WHO YOU ARE, BUT YOU
ALSO NEED TO VERIFY WHERE YOU
LIVE. WHAT YOUR JOB IS LIKE
YOUR INCOME LEVELS CAN YOU
AFFORD TO PAY THEM.
THE LOAN BACK SO VERIFICATION
IN CONTACTS REALLY REQUIRES ON
THE SITUATION IS SOMETHING THAT
IS GOING TO BE REAL TIME
ADAPTABLE. AND QUITE EXCITING.
>> AND WITH THAT VENMO IT FEELS
LIKE IMMEDIACY
IS ALSO CRITICAL TO THAT POINT
WHAT ARE SOME WAYS VERIFICATION
IS BECOMING FOR IMMEDIATE WHEN
IT COMES TO THOSE KINDS OF
TRANSACTIONS AND WHY IS THAT
REAL TIME VERIFICATION BECOMING
INCREASINGLY IMPORTANT.
>> IF YOU'RE ANYTHING LIKE ME
IMMEDIATE GRATIFICATION
IS IMPORTANT.
>> ALL OF US EXPECT
INSTANTANEOUS RESULTS WHETHER
IT'S SEND A TEXT TO A FRIEND
AND YOU WANT THEM TO TEXT
YOU BACK WHETHER ITS SETTLEMENT
OF MONEY YOU HAILING AN UBER
RIDE AND NO WAITING WHETHER
IT'S 3 WEEKS OR 3 MINUTES IS
JUST NOT SUFFICIENT TO GET AN
ANSWER BACK FOR
TODAY'S CONSUMERS OR THE FUTURE
CONSUMERS SO IT'S IT'S OUR
POSITION THAT THE IMPORTANCE
ALONG
PREVENTING FRAUD. IT CAN'T BE
AT THE DETRIMENT OF IMMEDIACY
IN REAL TIME TRANSACTIONS SO IN
THIS NEW DIGITAL WORLD, NOT
ONLY DO YOU NEED TO BE
COMPLIANT WITH PERSONAL
INFORMATION AND TRANSACTIONS.
BUT YOU NEED TO
BALANCE SECURITY AND SAFETY
AND EXPERIENCE.
>> CARRIE YOU LAID OUT SOME
EXAMPLES BUT WHAT'S MAY BE THE
NUMBER ONE OR 2 THINGS THAT
NEED TO BE DONE
TO STOP THIS 42 BILLION DOLLAR
ISSUE OF IDENTITY FRAUD.
>> YEAH, I GOT FROM IT IS
COMPLEX AND IT'S CONTINUOUS
INVOLVES WITH EVERY
COUNTERMEASURE AND WELL, MOST
IMPORTANT THING IS THAT
TECHNOLOGY
IS ADOPTED FOR BUSINESSES TO
PROTECT FRAUD AND PROTECT THEIR
CONSUMERS. WHILE ENSURING THAT
TRANSACTIONS ARE SEEING WITH
US. YOU KNOW TO VERIFY IN DEBT.
THESE YOU NEED THE RIGHT
TECHNOLOGY IN PLACE TO SUPPORT
THIS CONTACT LIST AND DIGITAL
SOCIETY AS YOU AS YOU TALKED
ABOUT EARLIER AND IN
OUR MISSION AND DICK'S IS TO
PROTECT INDIVIDUALS PERSONAL
IDENTIFIABLE INFORMATION AND TO
ENSURE
LOCAL BUSINESSES. HE PROVIDES A
FOR SERVICES FOR MORE SECURE
AND
INCLUSIVE WORLD. NO YOU NEED TO
DO THIS WITH REAL-TIME NEED TO
BE ABLE TO VERIFY THE PHYSICAL
AND THE DIGITAL IDENTITIES
TO THAT KHAN COMPANIES AND
THEIR CUSTOMERS CAN CONNECT.
AND I LOOK IDENTITY IS CORE TO
EVERYTHING THAT WE IT IS
ACTUALLY THE KEY THAT
I'M NOT ACCESS AND
OPPORTUNITIES FOR INDIVIDUALS
IN THIS IS THE MOST IMPORTANT
THING IS THAT WE BECOME AWARE
AND WE CONTINUE
TO ADAPT.
>> AND KERRY, THANK YOU FOR
HELPING TO BRING US THAT
AWARENESS WE APPRECIATE YOUR
TIME TODAY THAT'S CARRIE
COOLIDGE A CEO OF A 10 TICKS
THANKS AGAIN TO LEARN MORE
ABOUT HOW A 10 TAKES CAN HELP
YOUR BUSINESS VERIFY DIGITAL
CUSTOMER IN 4
NATION ACCURATELY SECURELY AND
EFFICIENTLY 10 TICKS DOT COM.
I WANT TO
BRING BACK IN JAMIE BECAUSE JD
THAT'S IT FOR THIS EDITION OF
FAST-FORWARD SPONSORED BY A
♪
10 TICKS WE WILL BE BACK NEXT
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