What are Out Of Wallet Questions (OOW)?

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Home Glossary Out of Wallet Questions (OOW)

Out of Wallet Questions (OOW)

Out of Wallet (OOW) questions refers to private data used for authentication in activities such as internet banking to prevent identity theft. The OOW practice may be part of a knowledge-based authentication process. Bad actors can typically circumvent the OOW/KBA process by using compromised personally identifiable information (PII).