NTT DATA presents Open Innovation Contest 10.0CHALLENGES

  • BOS-2-014
  • SFO-2-015
  • YVR-2-016
  • BLR-2-017

Prevent Account Takeover Fraud in the life insurance industry

NTT DATA customers are seeking solutions to prevent account takeover (ATO) attacks, specifically for the insurance industry.  Account takeover fraud is a form of identity theft that is used to obtain access to an cash value of a life insurance policy or an annuity. A growing number of these attacks are targeting portals (mobile/web) and/or customer service centers, and are using spoofed caller IDs and stolen PII to manipulate unsuspecting customer service professionals. Insurers need a cohesive and integrated solution to predict, prevent, detect and resolve ATO related fraud, via intelligent authentication and smart correlation of events leveraging biometrics, analytics, AI and ML.

Related keywords
  • fintech
  • fraud
  • authentication
  • biometrics
  • artificial intelligence
  • machine learning
Social challenges to be addressed through collaboration
Industry, Innovation and Infrastructure
Market size of collaboration business or business scale
$1.5B US, $2.5B WW
Assets and opportunities to be offerred

Customers or segments