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.
Most of India's e-wallet companies are taking an inadequate, single-factor approach to user authentication, relying only on one-time passwords delivered via SMS, some security experts say.
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.
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.
With the Cosmos bank attack still fresh in memory, some security experts are urging the Reserve Bank of India to take immediate steps to upgrade the security capabilities of banks. For example, they want banks to do away with user-based one-time passwords delivered via text messages.
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 National Payment Corporation of India, the umbrella organization for all retail payments systems, has asked banks to discontinue Aadhaar-based payments through Unified Payments Interface and Immediate Payment System channels.
The issue of access management and vulnerable software applications has come back to haunt the Unique Identification Authority of India which manages the Aadhaar database containing biometrics and personal information of over 1 billion Indians.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
UIDAI, which administers the Aadhaar program, has some simple advice: Avoid behaviors such as what R.S. Sharma, chairman of the Telecom Regulatory Authority in India, did on Saturday, when he tweeted his Aadhaar number.
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...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.
