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…
Biometrics News With its acquisition of Gemalto earlier this year, Thales has established a new “Digital Identity and Security” (DIS) business unit, and has laid out some lofty expectations for the division in a note to investors. According to Thales, the DIS unit comprises Gemalto as well as “a number of digital businesses previously assigned…
Biometrics News – Industry Events ForgeRock has announced the lineup for its annual Identity Live conference. The event will run from October 8th to 9th in London, with the first day to be held at Glaziers Hall in central London, and Day Two moving to Etc.Venues Monument across the Thames. Speakers will include Maersk Chief…
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…
Portland-based behavioral analytics specialist Acceptto has attained FIDO Alliance certification with respect to the FIDO2 server protocol. This means Acceptto’s Biobehavioral authentication platform supports both FIDO UAF 1.0 and FIDO 2.0 servers, helping to enable strong online authentication in conjunction with a given device’s biometric sensors or a PIN. Officially unveiled last November, Acceptto’s authentication…
TSYS has released a new real-time authentication tool that uses machine learning and behavioral analytics to evaluate every interaction between a customer and a financial institution. Dubbed the TSYS Authentication Platform, the system can be used in conjunction with other forms of authentication. According to TSYS, the Authentication Platform will help reduce the threat of…
Having helped to lead the discussion around the convergence of physical and digital security at this year’s ISC West exhibition, BioConnect is looking to keep that conversation going with a forthcoming expert panel. The event is slated for Thursday, September 19th, and will be held at 1 University Avenue in Toronto. And it will feature…
Thousands of iPhone users may have had their devices hacked by malicious code found in a handful of websites, according to security researchers with Google. The security vulnerability has been revealed through a new blog post from Google’s Project Zero team member Ian Beer. The post describes a small group of websites that were likely…
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…
IDEMIA has made another important change to its corporate infrastructure, including the appointment of a new high-level executive: Dan Kent is the company’s new Chief Technology Officer, VP, and member of the Executive Committee for IDEMIA’s North American Identity & Security business. Additionally, Kent will be heading a new division that is a consolidation of…
A growing number of organizations have begun to document the decline of passwords and the rise of biometric authentication. At least, that’s the takeaway from a new article from SC Magazine that gathers similar reports from a roster of biometrics experts, including Kaspersky Labs, Duo Security, Frost & Sullivan, and IDEX Biometrics. The article specifically…
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…
MobileIron has released a new zero sign-on solution that allows employees to access cloud services at work with their iPhone instead of a password. The enterprise-level solution leverages MobileIron’s unified endpoint management platform, and treats the mobile device as a form of secure identity when logging into cloud applications like Office 365. The service is…
The US Federal Reserve System has released a new White Paper that calls attention to the growing threat of synthetic identity fraud. The paper defines a synthetic identity as one that combines false information – such as a fake name or date of birth – with legitimate information like a social security number that has…
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…
“Together with HYPR, ForgeRock’s Intelligent Authentication technology can ensure that the end-user gets the best possible authentication method at any time, in any channel.” – Ben Goodman, Senior Vice President, Global Business and Corporate Development, ForgeRock HYPR and ForgeRock have teamed up on a new digital security solution, the companies have announced. In a statement,…
“Feitian made its announcement at the recent Identiverse 2019 event in Washington, DC, where the company also showcased its major new security product, the AllinPass K33.” China-based Feitian has joined the Microsoft Intelligent Security Association, or MISA, the company has announced. MISA is Microsoft’s effort to team up with strategic security partners to help defend…
Ping Identity is upgrading its enterprise-level multi-factor authentication platform to be compliant with the latest FIDO standards. PingID will soon support FIDO-certified authentication methods for Windows Hello and Touch ID, allowing users to log into their devices through facial or fingerprint recognition without the need for a password. Windows users will also be able to…
Earlier this month, Frost & Sullivan released a new report that emphasized the growing importance of behavioral biometrics, arguing that it “will become the main identity verification element in two factor or multifactor authentication.” Now BioCatch is following up with a blog post that highlights the more tangible benefits of the technology. In the post,…