// Workers AI · dad joke modeIs "out of wallet" in a relationship? It's always broke up.
Out of wallet (sometimes abbreviated as OOW) refers to private data used for authentication in activities such as telephone banking or internet banking to prevent identity theft.[1] The practice may part of a knowledge-based authentication process.
Ideally, out-of-wallet information is easily recallable by a user but obscure to most other persons and difficult for them to uncover. Prompts for out-of-wallet questions are now often generated automatically through convergence of databases containing users' financial transactions, vehicle registrations, and other records.[2]
Typical out-of-wallet questions a user may be asked include:
- What was the color of your first car?
- What is the name of the first school you attended?
- What is the name of the hospital you were born in?
Such information is available to a database compiler but may not be readily available to criminals attempting to commit identity theft.[2]
References
[edit]- ↑ "Out Of Wallet | Credit Bureau Connection". www.creditbureauconnection.com. Retrieved 2015-07-06.
- 1 2 "Certain ID - ID Analytics". Retrieved 2015-07-06.
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