Identity Fraud and
the Case for Data Excellence
Networking Dinner at Cantaloup, Sao Paulo

Here’s what we discussed:

Identity fraud is a problem that is growing in sophistication, frequency, and intensity worldwide, and Brazil is no exception to this trend. According to research by Sumsuber—based on 4.3M verification procedures performed in Brazil, businesses are seeing an increase in online identity fraud with the most affected industries including payments, investment, trading, gambling, and crypto1.

No matter the size and industry, businesses want to better leverage data insights to confirm their customers are who they claim to be. The first step they take is looking at their own internal data, but that may not always be enough. The right external data adds context and drives differentiation by enriching existing business logic or by helping create stronger machine-learning models for the purpose of identity verification and fraud prevention.

Over dinner, we enjoyed a spirited discussion facilitated by Ekata as we discuss the evolving fraud landscape and the case for Data Excellence.

During this roundtable, we learned:

• How the market is changed and some of the tactic’s fraudsters are using to scam businesses online
• What Ekata’s competitive advantage is when it comes to data sourcing
• Why internal data is no longer enough to help verify digital identities

Attendees were then able to network and connect with their peers to learn about the specific roadblocks they’re facing in 2023 and what strategies they’re using to help balance user experience with fraud prevention.