To boost security and eliminate the need for passwords, MasterCard plans to later this year roll out a facial biometrics app for authentication of online purchases. But some experts warn that biometrics technology is not fool-proof and should only be deployed as part of a layered authentication approach.
An inspector general report on a Federal Reserve audit raises more questions than it answers regarding the security risks facing one of the Fed's information systems. The executive summary of the audit fails the transparency test to inform the public.
Defeating biometrics-based security with far-fetched schemes, such as stealing or replacing eyeballs and fingertips, is a recurring theme in the movies. But real-world advances in authentication will help make it difficult to circumvent real-world security.
President Obama, in reaching any type of cybersecurity accord with Chinese President Xi Jinping, should borrow from the diplomacy he used to reach the Iranian nuclear agreement: Get the best deal possible and then distrust but verify.
The severity of the U.S. Office of Personnel Management breach continues to grow, with investigators now reporting that hackers stolen 5.6 million people's fingerprint data. The theft may have security implications well into the future.
The fraud shift as a result of the migration to EMV chip payments in the U.S. will extend beyond card-not-present payments, experts at Information Security Media Group's fraud and data breach summits in San Francisco last week warned.
With so much stolen PII available to fraudsters, it's time for banks and others to move to more sophisticated forms of authentication of customers' identities. Knowledge-based authentication is no longer reliable.
The Gartner Security and Risk Management Summit tackles digital business, a concept that blurs the physical and digital worlds, and requires organizations to reconsider how they approach IT security and risk management.
This year's Infosecurity Europe conference in London - celebrating its 20th anniversary - decamped from Earl's Court to the glass-topped, 19th-century Olympia Conference Center, and featured more than 300 exhibitors and 200 speakers.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
While there's anecdotal evidence that the NIST cybersecurity framework is proving helpful to businesses in their risk management efforts, there's not yet any measureable proof of its success at preventing damaging cyber-attacks.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.