Understanding the Role of Advanced Geolocation Technology to Combat Cybercrime
Download this white paper to learn:
– How FATF has recognized and documented that geolocation data is a necessary part of digital identity and know your customer (KYC) verification.
– Despite the availability of highly accurate and valuable location data from digital users and their devices, few financial services providers have upgraded their systems to process anything more than an IP address.
– Some regulated markets have already deemed IP geolocation data as not acceptable due to its limitations in accuracy and its vulnerability to “spoofing” by VPN’s and other methods. These markets have significantly reduced card-not-present and synthetic account fraud by 90%.
– How GeoGuard’s solutions can provide accurate and unaltered geolocation data for more effective, accurate and true digital ID verification
You will also find the link to full FATF Guidance on Digital Identity included in this white paper.