To ensure privacy is protected, governments need to make sure standards and regulations keep pace with the latest technology developments, including facial recognition and other forms of artificial intelligence, says Steven Feldstein, an associate professor at Boise State University.
The FBI is warning banks, businesses and other organizations that cybercriminals are using social engineering and other technical techniques to circumvent multifactor authentication security protections.
Because banks, fintech firms, merchants and payments processors in the EU have struggled to meet the Sept. 14 deadline for compliance with the new PSD2 "strong customer authentication" requirements for electronic payments, it may take a while for European consumers to notice authentication changes.
A developer's use of facial recognition technology to scan the faces of pedestrians in London has sparked concerns from residents, the mayor and Britain's privacy watchdog. Meanwhile, the use of the technology is raising privacy concerns worldwide and is even becoming an issue in the U.S. presidential race.
A South Korean company that makes a biometric access control platform exposed fingerprint, facial recognition data and personal information after leaving an Elasticsearch database open, security researchers say. They found 23GB of data belonging to organizations that use Suprema's BioStar 2 system.
Biometrics may be in fashion, but it's in part because users are ready, willing and able to use it to prove their identity, thanks to Apple, Samsung, Google and other players providing trustable hardware for verifying people's fingerprints and faces, says IBM Security's Neil Warburton.
License plate and traveler photos collected at the U.S. border have been compromised after a federal government subcontractor was hacked. While Customs and Border Protection officials claim the image data hasn't been seen online, security experts say it's already available for download via a darknet site.
Biometric technology has been gathering traction and is becoming almost ubiquitous across a range of industries and applications. But how does it work, what are the benefits, and what do businesses need to look at when implementing the technology?
Watch this Q&A with Onfido's biometrics expert, Susana Lopes, to...
The quality of authentication provided by behavioral biometrics is improving, says James Stickland, CEO of Veridium. Nevertheless, he says, "we haven't reached a maturity level where it is used as an explicit form of authentication, but it's certainly now deemed as an implicit form of authentication."
Jason Costain of the Royal Bank of Scotland and Brett Beranek of Nuance Communications share a real world example of mitigating fraud with voice biometrics in a call center.
Driven by Marriott's Starwood mega-breach, California lawmakers are pushing legislation that would expand the state's pioneering data breach notification requirements to include breaches of biometric data and all types of government identification numbers, including passports.
As more companies move away from passwords toward behavioral biometrics, they face new challenges, says Rajiv Dholakia, vice president, products at Nok Nok Labs. "There are no standards as such in this area on how the information is collected, how it's stored and how it's processed," he says.
The solution providers in the fraud solution industry offer logic
designed to track users and prevent malicious activity by
capturing and analyzing behavioral characteristics across
the entire session, from login to check out and everything in
between. These solutions compare known customer behavior
in the case...
This white paper looks at how payment innovation is impacting fraud departments and the growing importance of removing friction to improve the customer experience. The mobile and online channels are the future; being able to authenticate returning customers and determine who new applicants really are will be essential...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.
