In a bid to reduce rising impersonation and identity theft cases, the Monetary Authority of Singapore is proposing to require the use of enhanced identify verification during mobile and online banking transactions.
As we approach 2021, the global pandemic brings a laser-focus to both risk and user experience. Digital transformation and demand for flexible, secure access drives our need for machine-scale, frictionless authentication and continuous authorization to prove digital identities match the humans behind them. Dr. Shook...
Validating identity across every digital channel is essential to track money movement information and help control P2P payment fraud, two fraud-fighting experts say.
To help prevent fraud, banks must leverage technologies such as behavioral analytics, device biometrics and one-time passcodes, says Nancy Guglielmo, senior vice president at the Bank Policy Institute.
Digital identity will be a dominant technology trend over the next decade, within the financial services industry, and more broadly in our digital economies. But banks can't take their prime position in digital identity for granted. Even in countries where banks have already driven the digital identity agenda,...
Too many companies that are implementing behavioral biometrics to combat fraud lack a complete understanding of how to make the most of the technology, says David Lacey, managing director at IDCARE, Australia and New Zealand's not-for-profit national identity and cyber support service.
Continuous authentication can play a key role in combating fraud, says John Buzzard, lead fraud and security analyst at Javelin Strategy & Research, who discusses the role of behavioral biometrics.
Device biometrics technology has been enhanced to support detecting and fighting fraud at an early stage, says G. D. Balasubramaniam, a senior vice president at DBS Bank in Singapore.
Ramping up authentication as e-commerce continues to grow requires achieving a delicate balance of a frictionless, yet secure, consumer experience, says Robert Capps of NuData Security, a unit of Mastercard.
To implement passwordless authentication, organizations need to integrate multifactor authentication with biometrics, says Abid Adam, group CISO and group head of privacy at Axiata, a telecommunications conglomerate based in Malaysia.
To battle against a surge in cybercrime during the COVID-19 pandemic, enterprises need to take several steps, including periodic vulnerability and risk assessment tests and regular audits, says Rajan Pant, founder of IT-SERT of Nepal. Pant also is calling on the government to take action.
The identity and access management strategy for the remote workforce should ensure contextual authentication to establish the credentials of the users, apply risk-based authentication for measuring user risk profiles, and establish a multifactor authentication mechanism, a panel of experts says.
Fake fingerprints created with a 3D printer can bypass biometric scanners to unlock smartphones, laptops and other devices under certain circumstances, according to a study from a Cisco Talos.
Behavioral biometrics is seeing wide adoption and is helping organizations proactively fight fraud, says Alasdair Rambaud, CEO at SecuredTouch. who describes the latest innovations.
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