To help prevent fraud, banks must leverage technologies such as behavioral analytics, device biometrics and one-time passcodes, says Nancy Guglielmo, senior vice president at the Bank Policy Institute.
Today's banking market is facing an unprecedented level of disruption from open banking and new players, both of which are working to redefine the role of the bank itself. When you combine this era of disruption with the challenges of addressing rising levels of fraud, maintaining competitiveness within your financial...
The rise of digitalization and increasing amounts of data creates both opportunity and risk for banks.
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The dark side of digitalization including the uptick in fraud attempts;
Providing a superior and seamless user experience with high-level security and streamlined enablement...
Too many companies that are implementing behavioral biometrics to combat fraud lack a complete understanding of how to make the most of the technology, says David Lacey, managing director at IDCARE, Australia and New Zealand's not-for-profit national identity and cyber support service.
Continuous authentication can play a key role in combating fraud, says John Buzzard, lead fraud and security analyst at Javelin Strategy & Research, who discusses the role of behavioral biometrics.
Ramping up authentication as e-commerce continues to grow requires achieving a delicate balance of a frictionless, yet secure, consumer experience, says Robert Capps of NuData Security, a unit of Mastercard.
Cloud computing offers organisations the ability to develop new technologies in less time, with a lower barrier to entry. As security leaders in government and regulated non-government enterprises migrate to public, private or hybrid cloud, they require strong security to prevent data breaches, protect sensitive...
Since the publication of the PSD2 directive, biometrics has played a key role to help financial services organizations carry out transactions with the highest level of security and a frictionless customer experience.
Biometrics allows compliance with this regulation while leaving behind other authentication methods...
Fake fingerprints created with a 3D printer can bypass biometric scanners to unlock smartphones, laptops and other devices under certain circumstances, according to a study from a Cisco Talos.
Cybercrimes, and the reputational and financial damage to businesses that suffer from them, rise every year. It's estimated that the cost of breaches, identity theft, and other cybercrimes will double, from $3 trillion in 2015 to $6 trillion in 2021. Advanced authentication prevents 70% of account fraud, meaning that...
Behavioral biometrics is seeing wide adoption and is helping organizations proactively fight fraud, says Alasdair Rambaud, CEO at SecuredTouch. who describes the latest innovations.
The Cryptographer's Panel, which sees five cryptography experts analyze and debate top trends, remains a highlight of the annual RSA conference. For 2020, the panel focused on such topics as facial recognition, election integrity and the never-ending crypto wars, while giving shout-outs to bitcoin and blockchain.
Improvements in behavioral biometrics and analytics are changing the way many financial services firms approach authentication. And more companies also are taking a "zero trust" approach to improve identity and access management, according to two security experts interviewed at RSA 2020.
The latest edition of the ISMG Security Report offers an analysis of the missteps that led to problems with the app used in this week's Democratic presidential caucuses in Iowa. Also featured: growing privacy concerns about facial recognition and business continuity tips for dealing with the coronavirus.
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