Unisys has released a cloud-based Software-as-a-Service (SaaS) version of its biometric Stealth(identity) platform. The new SaaS version of Stealth(identity) will make it easier (and cheaper) for small businesses to deploy the identity management and authentication platform. Stealth(identity) made its debut earlier this year, with a launch that was geared towards large enterprises. The SaaS release…
BioCatch called attention to the growing threat of new account fraud during a recent webinar with Aite Group Research Director Julie Conroy. Also referred to as application fraud, new account fraud describes fraud that is carried out through new accounts that are created with synthetic identities, many of which are generated with stolen personal information.…
LexisNexis Risk Solutions has released a new True Cost of Fraud report that details the growing impact of fraud on the American financial services and lending sector. The report found that every dollar lost to fraud costs financial services providers $3.25 in liability, recovery costs, and other expenses, a figure that is up from $2.92…
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FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Monday, FindBiometrics President Peter O’Neill spoke with Frances Zelazny, Chief Strategy Officer of renowned behavioral biometrics specialist BioCatch. The live interview begins on the topic of…
Biometrics News – Behavioral Biometrics Featurespace has hired Dena Hamilton in an effort to improve its anti-fraud capabilities. Hamilton is signing on as the company’s new Fraud and Financial Crime market expert, and arrives with more than 20 years of experience in the field of financial crime prevention. Hamilton has particular expertise in software product…
Biometrics News – Behavioral Biometrics The Latin American credit bureau Círculo de Crédito is collaborating with Featurespace to bring the latter’s new anti-fraud platform to the Mexican market. Featurespace’s ARIC platform leverages behavioral biometrics to spot suspicious behavior, and is geared towards banks, credit card companies, and other financial services providers. ARIC is built with…
Biometrics News – Behavioral Biometrics BehavioSec is taking home a pair of major awards in recognition of its flagship Behavioral Biometrics Platform. The solution took Gold at the 2019 Golden Bridge Awards in the Authentication Innovations category, and was also selected as the Multifactor Solution of the Year during the CyberSecurity Breakthrough Awards. The Golden…
Biometrics News – Voice Recognition – Behavioral Biometrics Nuance Communications has released a new cloud-based authentication solution that verifies people’s identities during voice and text interactions. Dubbed Nuance Gatekeeper, the platform combines Nuance’s ConversationPrint text authenticator with the voice recognition Lightning Engine and behavioral biometrics. Together, the three technologies will empower enterprises to fight fraud…
Biometrics News – Voice Recognition – Behavioral Biometrics Nuance Communications has added a major trophy to its mantle, taking home the prize for Best Application of AI in Financial Services at the 4th annual AIconics Awards. Presented by Forbes, the Awards honor organizations and individuals that create innovative AI products and services. The winners were…
BioCatch has added a slew of new features to its flagship behavioral biometrics platform. The new Policy Manager will help companies craft policy guidelines for specific situations, while the Case Manager will help security professionals investigate individual cases that require further review. The company will also be providing customers with much greater insight into…
A new LexisNexis Risk Solutions report on the retail market has concluded that fraud is getting worse, with fraud attempts tripling since 2017. The True Cost of Fraud report examined online and brick-and-mortar sellers, and concluded that merchants paid $3.13 for every dollar lost to fraud, a number that is up 6.5 percent from last…
Biometric Signature ID (BSI) has some advice for companies that are looking to implement a biometric security solution. In a post on the company’s blog, BSI Founder and CEO Jeff Maynard argues that behavioral biometrics are a safer and more reliable option than static modalities like fingerprint recognition. Much of that has to do with…
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…