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.
From data breaches to identity theft, the challenges and pace of change facing fraud teams has never been greater. This comes at the same time that legitimate customers expect engagement channels with as little friction as possible.
Biometrics is one of the most powerful ways that organizations are meeting these...
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.
Cognitive and behavioral biometrics can play an important role in the fight against fraud. This session describes various models used for behavior pattern analysis and demonstrate how this may be integrated into a SOC to achieve a proactive posture.
It addresses:
Developing a risk framework with cognitive...
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 fraudsters continually refine their techniques to steal customers' credentials, organizations have found new ways to fight back with new tools that use behavioral biometrics and cognitive fraud detection.
It is critical to know how cognitive abilities would help in managing risks, compliance and governance as...
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.
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...
The digital shift is increasing the need for more sophisticated privacy and data protection measures. Several major institutions have seen their information security compromised in recent years as cyberattacks and fraudulent activity show no sign of slowing down. With PSD2 regulations now in effect, companies are in...
To boost security and eliminate the need for passwords, MasterCard plans to later this year roll out a facial biometrics app for authentication of online purchases. But some experts warn that biometrics technology is not fool-proof and should only be deployed as part of a layered authentication approach.
MasterCard's Oliver Manahan says merchants and issuers must embrace stronger cardholder authentication and security methods, such as biometrics and tokenization, to ensure payment card data is secure.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Apple's new payments platform, Apple Pay, will launch on Monday, Oct. 20. The platform enables users to pay for items using several Apple mobile devices, including the latest versions of its iPads.
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