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…
OneSpan has found a new client for its mobile security services. The company has announced that the United Bulgarian Bank is now using both Cronto and its Mobile Security Suite to safeguard its six-month-old mobile banking app. “We want to improve and expand the use of our digital channels, especially mobile,” said Iliyana Voynova, the…
“Adding BioCatch’s technology to the mix will enhance [Entersekt Secure Platform’s] value, with up to 2,000 parameters coming into play to verify end users based on their behavioral patterns.” BioCatch has teamed up with South Africa-based FinTech specialist Entersekt, with the latter integrating its behavioral biometrics technology into its Entersekt Secure Platform. The platform already…
The final deadline for compliance with the European Union’s revised Payment Services Directive (PSD2) is coming up in September of 2019. However, a new report from the Aite Group and iovation suggests that most payment services providers are not prepared. And those that do comply are expected to turn to some form of biometric authentication.…
As the biometrics industry continues to evolve toward frictionless user experiences, behavioral biometrics solutions, which measure the unique ways users interact with devices, are gaining in popularity. To gain more insight on this growing industry trend, Susan Stover, Director of Digital Content, FindBiometrics, caught up with TypingDNA CEO Raul Popa ahead of the coming RSA…
OneSpan has issued its results for the fourth quarter and 2018 fiscal year, showing strong results that exceeded the upper end of its revenue guidance for the year. The Chicago-based authentication specialist saw revenues of revenues of $64.8 million in Q4, up 19 percent year-over-year. For the full 2018 fiscal year, OneSpan reports revenues of…
“The increase in strong authentication adoption makes sense given that while data breaches, phishing threats and regulatory pressures have risen, the financial and user experience costs associated with implementing strong authentication have decreased.” – Al Pascual, SVP and Research Director, Javelin Strategy & Research Finally, some good news about the current state of digital security:…
“The EAB’s membership has materialized at a critical time in Europe’s biometrics sector…” The European Association for Biometrics has joined the Secure Identity Alliance, the organizations have announced. The EAB will act as an ‘Advisory Observer’, a role in which it will “advise and support SIA’s global advocate, policy and technical guidance roles,” according to…
While it’s undoubtedly seen as a regulatory obstacle by many organizations, the European Union’s PSD2 is helping to pave the way for open banking, requiring financial institutions to allow Third-party Payments Providers, or TPPs, to interface with them via APIs. This represents an opportunity to foster greater fluidity and convenience in banking for consumers, but…
“For transactions requiring stronger authentication […] it supports two-factor authentication via SMS, as well as biometric authentication including facial, fingerprint, and voice recognition.” Adyen is staking claim to being the first payments platform provider to deliver a system that offers passive authentication for transactions based on EMVCo’s 3DS 2.0 protocol. The system is designed to…
When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…
Earlier this month, the company behind Timehop, a social media ‘time capsule’ app that shows users their older posts, revealed that it had suffered a data breach affecting 21 million users. And while the attack was not particularly exceptional as far as data breaches go, it nevertheless offers some food for thought, as FIDO Alliance…
BehavioSec is highlighting its technology’s compliance with Payment Services Directive 2 (PSD2), the European Union’s major regulation for payment services and transactions. In a new post on its website, BehavioSec points out the PSD2 now requires ‘Strong Customer Authentication‘ (SCA), which it defines as the use of two of three authentication factors – something the…
Mastercard is now in talks with banks in the UK over the launch of its biometric payment cards in the country, according to a CNBC report. The negotiations are not unexpected. Mastercard has been working with major players in the biometrics and smart cards industries to develop this technology for some time now, and one…
Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…
With the European Union’s big new privacy and data protection regulations now in place, EU citizens are now equipped with greater security than ever. But these protections aren’t watertight, with one particular flaw in the PSD2 regulation coming under BioCatch‘s magnifying glass. In a new blog post, the company points out that under PSD2 third-party…
![INTERVIEW: Identity Strategist Bianca Lopes at Money20/20 Europe [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/M2020EU18-Bianca-Lopes-1-e1528314750152.jpg)
During her time as the head of marketing for biometric authentication specialist BioConnect, Bianca Lopes established herself as one of the most prominent voices in the identity industry. And since leaving that post earlier this year, her voice has only gotten clearer, with Bianca now acting as an independent identity strategist. Catching up with FindBiometrics…
![INTERVIEW: Nok Nok Labs’ Michelle Salway at Money20/20 Europe [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/M2020EU18-2-620x350.jpg)
FIDO Alliance co-founder Nok Nok Labs has been enjoying a pretty good run lately. In a recent corporate update, the company revealed that it had seen a huge bump in billings for 2017, which it credited to mobile devices and global regulations that demand strong online authentication. But perhaps more importantly, the recent launch of…
In the wake of the EU’s GDPR privacy law, the FIDO Alliance is celebrating the growth of its FIDO Europe Working Group. Launched last November with an initial membership of 12, including major companies like Daon, Gemalto, ING, and Verizon, the Working Group now has 22 member organizations. The growth is perhaps no surprise, however,…