The U.S. Consumer Financial Protection Bureau is warning lenders they can be liable for data breaches for causing consumers "substantial injury." To avoid liability, the bureau recommends that banks implement multifactor authentication and especially Web Authentication.
Token selected former OneSpan CRO John Gunn as CEO to scale the organization and prepare its wearable authentication ring for large-scale production. Gunn is tasked with sourcing the critical components needed to manufacture the ring and building a base of paying clients for the biometric tool.
The ICO has imposed a penalty of 7.5 million pounds on Clearview AI Inc. for using scraped U.K. citizen facial images for its facial recognition database. The agency has directed the firm to delete images of all U.K. citizens and to stop scraping data from the open internet.
Jeremy Grant, coordinator of the Better Identity Coalition, joins three ISMG editors to discuss important cybersecurity issues, including how the Biden administration’s executive order will advance the identity cause, and whether we are any closer to finally abandoning the password.
Social engineering scams are on the rise worldwide. In the last year, the number of social engineering scams have increased 57%, and impostor scams were the number one type of fraud reported by consumers, according to the U.S. Federal Trade Commission.
Legacy fraud prevention controls that rely on device, IP and...
The conversation around biometrics can be a complex one, taking in face verification, fingerprint and iris scans, voice recognition, and various other alternatives. For people new to the space, it’s been a tricky field to navigate - until now.
Drawing on years of industry experience and expertise, Biometric...
As the last U.S. military flight lifted off Tuesday evening from the airport in Kabul, Afghanistan, what's been left behind reportedly includes a vast trove of biometric data that could be used to identify - including for interrogation or execution - individuals who assisted the occupying NATO forces.
At least 10 U.S. government agencies are planning to increase the use of facial recognition technologies by 2023, according to a GAO report. The growing utilization comes as facial recognition technology raises privacy concerns.
Healthcare organizations are an ongoing criminal
target due to the rich data they keep.
With the extensive, rapid shift of medical services to
the digital world and vast sets of health data gathered
amid the pandemic, criminals will likely seize this
opportunity to infiltrate networks and hack...
Security specialists are offering preliminary feedback on Microsoft's sneak peek at the new security measures to be included in the Windows 11 operating system, which is slated for release in December.
How easy is it for a consumer to open a bank account in the United States? In some cases, not easy at all. U.S. banks are often making the online customer onboarding process unnecessarily complicated. Key opportunities to improve security and the user experience are being missed.
iProov researchers created online...
The European Union has officially proposed a strict new regulation on artificial intelligence that would ban the use of biometrics for surveillance, citing privacy concerns. The regulation would prohibit the use of facial recognition and other biometrics in public places.
How are governments using secure digital identity verification to improve the lives of citizens globally? Find out how the UK Home Office, U.S. Department of Homeland Security, Singapore Government, Australian Government, UK National Health Service (NHS) and Estonian Smart-ID are using online biometric authentication...
No script, no filter: Just Microsoft’s Edna Conway and Cisco’s Wendy Nather gathering with privacy leader Michelle Dennedy to discuss the impact of the SolarWinds supply chain attack and to play Buzzword Mystery Date with SASE, CIAM and "passwordless" authentication - are these trends dreamboats or duds?
For a long time now, financial industries have been known for embracing innovation to meet the ever changing consumer needs. As we move through accelerating digitization, data remains at the crux for personalized content, offers, and product recommendations. On top of this, a good digital experience which is...