As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection. IBM's Brooke Satti Charles offers a preview.
Federal regulators are urging healthcare sector organizations to reassess whether their authentication methods need strengthening to help prevent breaches. But does their advice go far enough in advocating multifactor authentication?
Virtually every industry is prone to cyberattacks, online fraud and identity theft. For years' banks have secured online transactions for commercial accounts and private banking customers via multifactor authentication. Now through organizations like the NCSA and HIMSS, multifactor authentication may finally become...
For years now, security experts have been predicting 'the year mobile threats come of age.' Is it finally here? BioCatch's Uri Rivner discusses the recent surge in mobile threats - and what to do about them.
How do companies in the healthcare industry better manage risk and keep their most valuable data safe when stolen healthcare information commands such a high price on the dark web? Download the case study, "Proactively Challenge Cyber Threats in the Healthcare Industry," to learn how this healthcare organization...
Banks need to develop customer authentication strategies that meet demand for strong security as well as convenience, says Mary Ann Miller of NICE Actimize, who describes emerging multifactor approaches in this video interview.
Biometric authentication has emerged as one of the more convenient methods of authentication, particularly with the increasing ubiquity of mobile devices with a variety of high quality sensors. Financial institutions can realize cost savings and improved customer experience by deploying biometric authentication. This...
Implementing a successful cybersecurity strategy in light of advanced threats calls for operationalizing three key principles: visibility, identity and risk, says Zulfikar Ramzan, chief technology officer at RSA.
Warning to parents and guardians: Beware of collecting, storing or sharing your child's biometric information - including fingerprints and DNA - even if you're creating a so-called "Child ID Kit," because the data is a natural target for identity thieves.
Cambridge Savings Bank in Massachusetts is incorporating biometrics into its online and mobile banking platform as a way to limit, and in some cases remove, the need for username and password authentication. In this case study interview, two bank executives discuss what others can learn from the project.
To boost security and eliminate the need for passwords, MasterCard plans to later this year roll out a facial biometrics app for authentication of online purchases. But some experts warn that biometrics technology is not fool-proof and should only be deployed as part of a layered authentication approach.
In 2013, Apple introduced Touch ID, a biometric technology that brought convenient fingerprint recognition to a mass consumer
audience. Banks have gravitated to Touch ID
because it provides them with a device-based technology
they may leverage to secure the mobile banking platform, and,
in turn reduce their costs...
Banks can no longer view mobile banking as a "new channel" or optional service. It is now the preferred form of banking for an entire generation of customers and, arguably, the single biggest banking innovation since the advent of the ATM.
Banks in particular have gravitated to Touch ID technology because it...
Despite the frequency of healthcare data breaches, only half of U.S. hospitals have the infrastructure to support two-factor authentication, according to a new report. Plus, some information security leaders say implementation of the technology at many of those facilities is likely relatively narrow.