As businesses worldwide transition to digital first models, traditional identity verification methods are being targeted by increasingly sophisticated fraud attempts.
Why? Because tricking the system has never been so lucrative.
Biometric verification enables customers to prove ownership of their identity documents,...
Biometrics may be in fashion, but it's in part because users are ready, willing and able to use it to prove their identity, thanks to Apple, Samsung, Google and other players providing trustable hardware for verifying people's fingerprints and faces, says IBM Security's Neil Warburton.
License plate and traveler photos collected at the U.S. border have been compromised after a federal government subcontractor was hacked. While Customs and Border Protection officials claim the image data hasn't been seen online, security experts say it's already available for download via a darknet site.
Biometric technology has been gathering traction and is becoming almost ubiquitous across a range of industries and applications. But how does it work, what are the benefits, and what do businesses need to look at when implementing the technology?
Watch this Q&A with Onfido's biometrics expert, Susana Lopes, to...
The quality of authentication provided by behavioral biometrics is improving, says James Stickland, CEO of Veridium. Nevertheless, he says, "we haven't reached a maturity level where it is used as an explicit form of authentication, but it's certainly now deemed as an implicit form of authentication."
Jason Costain of the Royal Bank of Scotland and Brett Beranek of Nuance Communications share a real world example of mitigating fraud with voice biometrics in a call center.
Cognitive and behavioral biometrics can play an important role in the fight against fraud. This session describes various models used for behavior pattern analysis and demonstrate how this may be integrated into a SOC to achieve a proactive posture.
It addresses:
Developing a risk framework with cognitive...
While banks are undergoing digital transformations, one of the ways they communicate is decidedly analog. Because not every customer wants to engage through apps or websites, contact centers still need to answer the phone.
Fraudsters know this too: Armed with personal information, PINs and passwords exposed by...
Driven by Marriott's Starwood mega-breach, California lawmakers are pushing legislation that would expand the state's pioneering data breach notification requirements to include breaches of biometric data and all types of government identification numbers, including passports.
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes. Mike Lopez of survey sponsor Cyxtera Technologies analyzes the results and...
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes.
Manual processes can hinder banks' ability to pivot quickly and offset,...
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes.
Manual processes can hinder banks' ability to pivot quickly and offset,...
As more companies move away from passwords toward behavioral biometrics, they face new challenges, says Rajiv Dholakia, vice president, products at Nok Nok Labs. "There are no standards as such in this area on how the information is collected, how it's stored and how it's processed," he says.
As fraudsters continually refine their techniques to steal customers' credentials, organizations have found new ways to fight back with new tools that use behavioral biometrics and cognitive fraud detection.
It is critical to know how cognitive abilities would help in managing risks, compliance and governance as...
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