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.
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.
The appropriate use of predictive analytics, going beyond a "set it and forget it" approach, could dramatically improve breach detection, says Teresa Grogan, CIO of the consultancy VertitechIT .
The solution providers in the fraud solution industry offer logic
designed to track users and prevent malicious activity by
capturing and analyzing behavioral characteristics across
the entire session, from login to check out and everything in
between. These solutions compare known customer behavior
in the case...
This white paper looks at how payment innovation is impacting fraud departments and the growing importance of removing friction to improve the customer experience. The mobile and online channels are the future; being able to authenticate returning customers and determine who new applicants really are will be essential...
Silicon Valley employees are increasingly calling on executives to restrict the use of facial recognition technology, mobilized in part by the U.S. government's previous policy of separating children from parents at the border. Experts say facial recognition regulations are needed - and quickly.
Numerous technology firms now offer facial biometrics recognition search tools for big data sets. But information security expert Alan Woodward warns that these big data sets must be "considered and regulated very heavily" or else we'll be "living in 1984 without knowing it."
In June, Maryland authorities used facial recognition capabilities to comb through 10 million images and identify Jarrod Ramos, the suspect in the Capital Gazette shooting, which left five people dead. One public safety official described the technology as "a valuable tool for fighting crime."
But what are the...
99% of account takeover attacks begin with automation, and they pave the way for future ATO. Today's sophisticated scripts can bypass traditional measures that rely purely on device intelligence or static data. Learn how to block sophisticated attacks with behavioral biometrics before they create fraud losses.
You...
Ovum Research and Entrust Datacard experts discuss the transformation of identity and where it is headed.
Watch this video to learn more about:
Real-world examples of how organizations are embracing mobile and cloud platforms.
The pressure to meet compliance, and maintain and grow your customer base is intensified as the creativity of fintech offerings and customer expectations continue to rise. To effectively differentiate your offerings, your ability to deliver innovative, omni-channel services will be critical.
Ovum, a market-leading research and consulting business that helps enterprises thrive in the connected digital economy, explains why every enterprise should put stronger authentication service on their radar as a means of better securing their companies data and minimizing their fraud exposure risk all while...
Hot cybersecurity trends under discussion at this year's RSA Conference include artificial intelligence, facial recognition, protecting not just data but also knowledge, as well as rapid data breach response, says Chris Pierson, CEO of Binary Sun Cyber Risk Advisors.
As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete. At the same time, fraud is on the rise thanks to some of the same digital channel benefits enjoyed by consumers:...
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