Because banks, fintech firms, merchants and payments processors in the EU have struggled to meet the Sept. 14 deadline for compliance with the new PSD2 "strong customer authentication" requirements for electronic payments, it may take a while for European consumers to notice authentication changes.
A developer's use of facial recognition technology to scan the faces of pedestrians in London has sparked concerns from residents, the mayor and Britain's privacy watchdog. Meanwhile, the use of the technology is raising privacy concerns worldwide and is even becoming an issue in the U.S. presidential race.
Organizations looking to implement behavior-centric security must set clear goals for the business outcomes, says David Coffey, senior vice president of engineering at Forcepoint, who offers tips.
A South Korean company that makes a biometric access control platform exposed fingerprint, facial recognition data and personal information after leaving an Elasticsearch database open, security researchers say. They found 23GB of data belonging to organizations that use Suprema's BioStar 2 system.
The Indian government is putting pressure on WhatsApp to develop a mechanism to trace the origins of fake messages that threaten the nation's security. Will WhatsApp take action? And what do security experts say about the feasibility?
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.
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.
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.
