Deloitte is trying to raise awareness about digital identity best practices while simultaneously calling attention to some of the main challenges facing businesses and other large organizations. The company notes that many organizations are still utilizing out of date legacy technology, and that those organizations will need to overcome institutional inertia in order to protect…
The cybersecurity experts at Kaspersky are predicting that cybercriminals will increase their focus on the financial sector in 2020. The company believes that cryptocurrencies, data processing systems, and mobile investment apps will be particularly popular targets, although traditional banks should still expect to see a high volume of malware and ransomware attacks. According to Kaspersky,…
VSBLTY has announced the launch of new security initiatives in South Africa that will leverage the use of facial recognition technology and machine learning in the Sandton suburb of Johannesburg. In partnership with Onyx Cognivas Pty. — a transparent digital signage and media marketing company — VSBLTYs plans call for the installation of their VSBLTY…
The access management specialist BeyondTrust has issued a series of security predictions for the next five years. The company highlighted the threats facing enterprises and consumers, as well as the steps that cybersecurity providers will take to stop them leading up to 2025. Most notably, BeyondTrust suggests that people should pay more attention to the…
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…