| | October 201419CIOReviewThe move to digital interactions with consumers has caused digital risk to become one of the most difficult challenges impacting the entire enterprise, whether in banking, healthcare or ecommerce. Random databases are the dominant methods used to create and verify consumers, opening the door for fraud and criminal activity.Larry Aubol, CEO of Tascet, intends to change that. Tascet is an enterprise risk management company in Madison, Wisconsin bringing technology aimed at resolving the risks related to identity for customers, patients, users and employees. Aubol takes a hard stand against the processes used to know the identity of consumers. A crucial first step is being skipped: identification. Identifying customers before verifying or authenticating them is the missing component in the legacy systems currently in place. "Everyone wants to verify and authenticate; no one wants­or understands­how to identify," says Aubol. "Relying on third party data to identify, authenticate or verify is akin to shooting the arrow then painting the target. It's a guessing game. It doesn't work." The outcome? The presence of millions of synthetic identities in customer, employee and patient databases: individuals using the Social Security numbers of others to gain access to the nation's financial and payments infrastructure, healthcare system and the TASCET, Inc.Enterprise Risk Management through Digitizing | | October 201419CIOReviewBy Jem Elizabeth Mathew
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