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.
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."
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, 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:...
According to a recent report, The Identity Fraud Study, released by Javelin Strategy & Research, it showed in 2015, there were more than 1.5 million new account fraud victims that accounted for losses of $2.8 billion. This number increased by 40% in 2016, and there is no reason to believe that this trend is stopping...
Authentication innovation is still in its infancy, and most companies are still combining more traditional passwords and PINs with cutting edge
biometrics or contextual decisioning methods. The combination brings new capabilities to multi-factor authentication, but doesn't necessarily produce the best possible...
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