Organizations should go beyond one-time passwords to include other layers of authentication as they strive to mitigate the risk of synthetic ID fraud, says Amy Walraven, president of Turnkey Risk Solutions, a Newark, Delaware-based risk management company.
Speech recognition has become a powerful tool for authenticating customers in a seamless manner, says Sekar Jaganathan, director of digital strategy at Malaysia’s Kenanga Investment Bank.
Ending six years of litigation, a federal judge has signed off on a $650 million settlement of a class-action lawsuit against Facebook for violating Illinois' groundbreaking privacy law that restricts collecting biometrics data. Here's why this case is so unusual.
Security professionals have been thrust to the forefront of return-to-work planning as the crisis continues to create a complex set of security and safety challenges. Preparing to return to the physical workplace means adapting to new requirements, implementing new procedures and leveraging technology to alleviate...
Biometrics, device-based risk scoring solutions and geo location can be helpful tools for tackling ID fraud, says Trace Fooshee, senior analyst at Aite Group, who calls for a layered approach.
The U.S. government should take a number of steps to help minimize the risk that benefits provided by the next rounds of economic stimulus programs designed to provide relief from the impact of the COVID-19 pandemic are not fraudulently obtained, security experts say.
Investigators probing the violent storming of the U.S. Capitol by a mob on Wednesday have been seeking images and help in identifying suspects. The FBI, which is leading the investigation, has a range of investigative tools and technologies to help, including facial recognition software.
What's needed to make a shift from traditional IAM to CIAM? To start, an organization needs to look at fraud detection solutions and risk-based authentication technologies such as device intelligence and behavioral biometrics, says David Britton of Experian.
Fraud explodes in tough times, and do times come any tougher than they have with COVID-19? In this latest Cybersecurity Leadership panel, CEOs and CISOs describe their efforts to spot and stop emerging fraud schemes involving synthetic IDs, social engineering and greater insider risks.
As we approach 2021, the global pandemic brings a laser-focus to both risk and user experience. Digital transformation and demand for flexible, secure access drives our need for machine-scale, frictionless authentication and continuous authorization to prove digital identities match the humans behind them. Dr. Shook...
Validating identity across every digital channel is essential to track money movement information and help control P2P payment fraud, two fraud-fighting experts say.
We are facing a time full of challenges for the global banking sector. The
financial institutions were already facing a growing problem of
online fraud before the onset of the COVID-19 pandemic. Now their problems have only worsened, since history tells us
that fraud tends to pick up during big recessions.
...
The increasing adoption of digital technologies has significantly transformed the banking industry from a traditional paper-based operating model to a completely online model. However, with the increasing impact of digital technologies, the banking industry is becoming more susceptible to cyber threats; therefore,...
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.
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