COTS 2017 Keynotes
September 6–8, 2017
Who Do You Trust? The Epidemic of Synthetic Identities
by Paul Bjerke, LexisNexis Risk Solutions
What can we do when the very materials we rely upon for identification are being undermined? Synthetic identities are just one new method being used to perpetrate fraud and undermine trust in identification capabilities we take for granted. Today, synthetic identities are being used by individuals and criminal gangs to defraud the financial industry. Join Paul Bjerke, vice president of fraud and identity strategy at LexisNexis, as he shares how synthetic identities are created, why it’s important for test publishers to understand, and what we can do to mitigate the risk.
Paul Bjerke leads the fraud and identity management strategy for LexisNexis Risk Solutions. He sets the longer-term fraud solution framework, leveraging the company’s vast data repository, analytic linking capabilities and proprietary high-powered technology, HPCC Systems. These innovations help clients optimize critical new account origination and account management activities that appropriately balance their risk/reward equation and support financial inclusion and financial transparency.
Bjerke has a passion for fighting fraud and has more than 20 years of experience in retail banking risk, analytics, operations, and product and payment management. Prior to joining LexisNexis Risk Solutions in 2016, he was a fraud and risk product leader at Deluxe Corporation; provided fraud prevention and AML consulting solutions at IBM; led the credit card, gift card, debit card, e-commerce fraud and AML compliance policy at Target Corp; and was vice president of product at FIS ChexSystems. He has also held numerous roles within payments risk and retail banking at U.S. Bank and Wells Fargo, and he has been a member of the International Association of Financial Crimes Investigators since 1995.
Bjerke graduated with an MBA with a concentration in finance from the University of Minnesota after earning a B.S. in business administration from North Dakota State University. He also has a diploma in commercial lending and general banking from the American Institute of Banking.