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,...
Watch the largest financial cooperative in Southeastern Washington explore how they were able to find solutions and secure their customer's concerns on privacy, security, and protection of their financial information.
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.
View this infographic to learn about:
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...
Digital identity will be a dominant technology trend over the next decade, within the financial services industry, and more broadly in our digital economies. But banks can't take their prime position in digital identity for granted. Even in countries where banks have already driven the digital identity agenda,...
On an increasing basis, employees forget their passwords. This results in frequent calls to an organization's help desk to retrieve or reset
passwords – taking the IT department away from more business-driven activities.
Read this case study to learn how your organization can:
Confirm positive identity and...
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