Before the Internet, customers who wanted to perform a bank transaction had only one option - a visit to their local branch for a face-to-face transaction. Now, in the "mobile age," customers expect that their bank provide secure and easy access to the full suite of banking services via their mobile device. The...
According to Javelin, in 2015 there were more than 1.5 million new account fraud victims who accounted for losses of $2.8 billion. This number increased by 40 percent in 2016. And with all the continued data breaches, there are no indications that this trend has slowed in 2017. The Equifax breach, which affected more...
There are many faces of fraud in the insurance market - using stolen identities to obtain a new policy - or just as troubling, an account takeover to make a false claim or change payee information to receive claim funds. And when fraud hits, it hurts everyone in the pool.
At the same time, the insurance industry...
Voice biometrics: Is it good enough to protect people's bank accounts? Also, the ISMG Security Report goes to Belfast, Northern Ireland, for this year's OWASP AppSec Europe conference, including a visit to the Titanic museum - hopefully not a metaphor for the discipline.
While security teams continue to add to their threat protection arsenal, they are struggling to keep up with the threats. Security information and event management (SIEM) products, threat analytics platforms, advanced endpoint protection (AEP) products, user entity behavior analytics (UEBA) tools, and incident...
A federal judge in Illinois has rejected part of a search warrant application that would allow police to force anyone present at the time of a raid to use their fingerprints to unlock digital devices. But the decision far from resolves the issue of law enforcement's efforts to overcome encryption.
VASCO Data Security's Scott Clements on Aligning Security with User Experience
With great efficiencies and cost savings also come great threats and fraud risks. This is today's digital reality, and it is why cybersecurity and the user experience need to be aligned to create digital trust, says Scott Clements of VASCO...
With great efficiencies and cost savings also come great threats and fraud risks. This is today's digital reality, and it is why cybersecurity and the user experience need to be aligned to create digital trust, says Scott Clements of VASCO Data Security.
Behavioral biometrics has been getting a lot of attention recently due to its ability to uniquely address the challenges posed by social engineering, account takeovers and malware. It is already considered the third most popular biometric technology (after finger and face) and tied with iris.
Nonetheless, as an...
As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection.
Satti Charles, a Financial Crime Prevention Strategist with IBM Security Trusteer, is enthusiastic about the new behavioral biometric...
As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection. IBM's Brooke Satti Charles offers a preview.
Satti Charles, a Financial Crime Prevention Strategist with IBM Security Trusteer, is...
As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection. IBM's Brooke Satti Charles offers a preview.
Federal regulators are urging healthcare sector organizations to reassess whether their authentication methods need strengthening to help prevent breaches. But does their advice go far enough in advocating multifactor authentication?
A search warrant executed earlier this year gave authorities the power to force occupants of a Los Angeles-area house to unlock devices with their fingerprints, casting doubt on biometric defenses.
Virtually every industry is prone to cyberattacks, online fraud and identity theft. For years' banks have secured online transactions for commercial accounts and private banking customers via multifactor authentication. Now through organizations like the NCSA and HIMSS, multifactor authentication may finally become...
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