With consumers relying more heavily on e-commerce during the pandemic and beyond, leveraging behavioral biometrics for authentication is an effective strategy, says Coby Montoya, a fraud-fighting and authentication strategist at a financial company.
No script, no filter: Just Microsoft’s Edna Conway and Cisco’s Wendy Nather gathering with privacy leader Michelle Dennedy to discuss the impact of the SolarWinds supply chain attack and to play Buzzword Mystery Date with SASE, CIAM and "passwordless" authentication - are these trends dreamboats or duds?
Organizations should go beyond one-time passwords to include other layers of authentication as they strive to mitigate the risk of synthetic ID fraud, says Amy Walraven, president of Turnkey Risk Solutions, a Newark, Delaware-based risk management company.
Speech recognition has become a powerful tool for authenticating customers in a seamless manner, says Sekar Jaganathan, director of digital strategy at Malaysia’s Kenanga Investment Bank.
The federal government and states should add more layers of authentication, including biometrics, to thwart fraudsters' efforts to obtain unemployment benefits, says Eva Velasquez, president and CEO at the Identity Theft Resource Center.
Biometrics, device-based risk scoring solutions and geo location can be helpful tools for tackling ID fraud, says Trace Fooshee, senior analyst at Aite Group, who calls for a layered approach.
The U.S. government should take a number of steps to help minimize the risk that benefits provided by the next rounds of economic stimulus programs designed to provide relief from the impact of the COVID-19 pandemic are not fraudulently obtained, security experts say.
What's needed to make a shift from traditional IAM to CIAM? To start, an organization needs to look at fraud detection solutions and risk-based authentication technologies such as device intelligence and behavioral biometrics, says David Britton of Experian.
Fraud explodes in tough times, and do times come any tougher than they have with COVID-19? In this latest Cybersecurity Leadership panel, CEOs and CISOs describe their efforts to spot and stop emerging fraud schemes involving synthetic IDs, social engineering and greater insider risks.
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.
Today's banking market is facing an unprecedented level of disruption from open banking and new players, both of which are working to redefine the role of the bank itself. When you combine this era of disruption with the challenges of addressing rising levels of fraud, maintaining competitiveness within your financial...
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,...
The growing use of biometric technology is raising concerns about privacy as well as identity theft and fraud, says attorney Paul Hales, who reviews recent legal and legislative developments.
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