Endeavor Worldwide CEO Patrick Hearn has written a guest article for BioCatch that details some of the shortcomings of the US government’s approach to identity. The article specifically takes issue with static identity information like date of birth and social security number, which is often readily available to those who would use it for malicious…
“HSBC will apply the ARIC platform to fight fraud specifically in the areas of insurance and retail…” HSBC has become the latest financial services organization to adopt Featurespace‘s behavioral biometrics-driven anti-fraud technology. Featurespace only just announced its Adaptive Behavioral Biometrics solution this past June. Part of the company’s ARIC anti-fraud platform, the technology is designed…
“We have many customers in common which benefit from the frictionless, deep and continual authentication the BehavioSec solution provides.” – Neil Costigan, CEO, BehavioSec Another leading provider of biometric authentication technology has joined the NICE Actimize X-Sight Marketplace: behavioral biometrics specialist BehavioSec. Launched this past July, the X-Sight Marketplace is a curated FinTech security solutions…
Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…
The US Defense Information Systems Agency (DISA) has shared more information about the new forms of biometric authentication it has been designing for military smartphones. The project was undertaken because the fingerprint and facial authentication tech found in most consumer devices was not as useful to soldiers who may be wearing gloves or masks while…
Government biometrics appears to be the theme of the week in FindBiometrics’ latest roundup of top stories. More specifically, three of this week’s top five concern government agencies’ use of biometric technology to identify individuals in their charge. Perhaps the biggest story of these concerned a new draft Request for Quote from the US Customs…
BioCatch is once again highlighting the advantages of behavioral biometrics in a new blog post that details two case studies in which the BioCatch platform was used to stop more complex forms of fraud. In the post, the company notes that many anti-fraud solutions protect a single access point, either with a password or a…
BioCatch’s Frances Zelazny is calling attention to a particularly pernicious form of fraud, in which fraudsters clone invoices and send duplicate emails in which all of the information is exactly the same, except for the desired payment destination. The victim thinks they’re paying a legitimate invoice, but is instead sending a large payment to an…
“By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.” The X-Sight Marketplace is continuing to expand at a rapid pace, with NICE Actimize making SecuredTouch the latest addition to the platform. The X-Sight Marketplace is…
Changing consumer demands and the emergence of the Internet of Things are helping to propel the global biometrics market, according to a new report from Frost & Sullivan. The firm says that the market is currently valued at $4.6 billion, and that it’s poised to rise to $11.1 billion by 2023, with a compound annual…
The US Patent and Trademark Office has awarded SecuredTouch a patent for “Continuous User Authentication,” a title that is essentially a description of behavioral biometrics more generally. SecuredTouch, of course, is a behavioral biometrics specialist, providing security solutions that verify user identities based on observed patterns of behavior. Unlike solutions that provide one-time authentication at…
It’s the middle of summer, but if this week’s most popular articles from FindBiometrics offer any indication, the biometrics industry continues to see considerable activity across multiple fronts. In the enterprise sector, for example, this week brought news of a new phone-driven employee sign-on solution, while an interview with the CEO of BioConnect delved into…
The European Banking Authority has approved the use of typing biometrics as a secure component for multi-factor authentication. The decision places typing biometrics alongside other forms of biometric authentication that are inherent to the user, like fingerprint and voice recognition. The news comes courtesy of TypingDNA, which used the opportunity to promote its own typing…
BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…
The online security specialist Buguroo is the latest addition to NICE Actimize’s rapidly expanding X-Sight Marketplace. The Marketplace was set up to offer approved products and solutions that will help reduce the threat of financial crime for providers of financial services. The listing of Buguroo comes only days after Facebanx was added to the X-Sight…
Lloyds Banking Group is upgrading its digital security with multi-factor authentication technology from Callsign. Callsign’s behavioral biometrics platform will allow Lloyds’ 15 million customers to leverage their biometric information to log into their accounts and authorize transactions. The integration is expected to offer a more seamless and more secure end user experience for those…
Singapore’s Group-IB has been listed as a Representative Vendor in Gartner’s 2019 Market Guide for Online Fraud Detection. The cybersecurity specialist was specifically recognized for its Secure Bank/Secure Portal platform, which has been deployed by a number of different banks and online retailers who collectively serve more than 70 million customers. Secure Bank/Secure Portal is…
The biometrics market has been booming for years now, having kicked into a high gear as demand for enhanced security technologies ramped up in the wake of the 9/11 attacks, and further accelerated when Apple blazed a trail for biometrics in the consumer tech sector with its first fingerprint-scanning iPhone in 2013. What’s remarkable is…
NuData Security’s Senior Vice President and Chief Technology Officer is taking over as the company’s new CEO. Christopher Bailey will be replacing company co-founder Michel Giasson, who is retiring after 12 years of service as the former CEO. Though the assignment is technically a promotion, Bailey co-founded NuData alongside Giasson in 2007 and is extremely…