Nok Nok Labs & Javelin release mobile security report

This week, Nok Nok Labs and Javelin Strategy & Research, released the findings of a new research report entitled: “Smartphones, Tablets, and Fraud: When Apathy Meets Security”. The report, sponsored by Nok Nok Labs, found that consumer apathy around mobile security has led to insecure personal data on mobile devices. The report notes that at least six in 10 mobile users reuse passwords across multiple accounts. As a result, the prioritization of convenience over security in online authentication has led

Cognitive biometrics firm BioCatch among FinTech companies to watch: report

Cognitive biometrics company BioCatch is among the 10 companies featured in American Banker and the Bank Administration Institute’s annual FinTech Forward special report which highlights the top 10 technology companies to watch. American Banker and BAI are information and education institutions in the financial services industry and have collaborated for more than a decade. FinTech Forward represents a new joint initiative to give bankers the information and perspective on technology they need to successfully plot the future. It also identifies

Fingerprint scanner identifies subsurface skin characteristics to diagnose healthcare fraud in S. Africa

Fingerprint sensors that identify unique tissue properties of the finger are being rolled out in South Africa to combat identity theft to access health services. According to a report from eHealth News, South Africa’s National Department of Health has chosen to use biometrics to combat fraud practices, which are becoming increasingly sophisticated and complex. In particular, patients may pretend to be someone else to use their medical aid benefits, which could be fraudulently billed to medical aid organisations. The fingerprint

Nigerian banks plan to collect customer biometrics harmed by poor logistics

Just a couple months before commercial banks in Lagos, Nigeria were intending on launching the early stages of Bank Verification Number – a joint initiative led by the Central Bank of Nigeria (CBN) and the Nigeria Inter Bank Settlement System (NIBSS) designed to collect customers’ biometrics to curb fraud — it became apparent that poor logistics and inadequate reinforcement of shareholders may have already harmed the implementation, according to The Sun News Online. The BVN would essentially provide all banking

BioCatch launches behavioral biometric fraud prevention solution for eCommerce sites

BioCatch has just announced the launch of its eCommerce fraud prevention solution, which is based on behavioral biometric analysis. According to the company, the new tool uses its behavioral analysis to detect suspicious behavior and to likewise authentication repeat customers. The way the system works is by creating a behavioral profile for every customer of an eCommerce site or mobile app. This profile is based on over 500 bio-behavioral, cognitive and physiological parameters by observing how the user holds and touches

SDW 2014 – The Global Hub For Next Generation Citizen & Government ID Solutions

QEII Conference Centre, Westminster, London, UK Conference: 16-18 June 2014 – Exhibition 17-18 June 2014 SDW 2014 (Security Document World) – the world’s leading document security show – focuses on ePassports, visas, driving licenses, national IDs, worker credentials, advanced border control, anti-counterfeiting, fraud detection, and much more. The event will provide a global showcase for next-generation human identity solutions, focusing on intrinsic document security and on the new cutting-edge secure infrastructure now required to produce and use these advanced documents

Biometrics are key for secure banking

Biometrics are the new E-verification tools for online and mobile banking says Steve Cook, Director of Business Development for Facebanx. Why? Simply because consumers are fed-up with identity theft and further inconveniences with having to prove who they are. Fraud is costing banks and tax-payers millions. ID theft is increasing at an alarming rate and is affecting millions of people, yet not enough stringent methods are being adopted to protect customer accounts. According to a recent report by the US

Facebanx launches online face recognition technology

British company, Facebanx has launched a new online facial recognition technology that it says will enable banks, payment processors and ID verification companies to reduce fraud. “Our product has been specifically designed for the online payments industry and provides a unique solution for processors to share data to combat multiple acts of fraud,” Matthew Silverstone, CEO of Facebanx said. “We are currently in discussions with a number of processing companies, banks and merchants as well as the insurance industry about adding

Ghana’s National Health Insurance Authority set to verify claims with biometrics

The National Health Insurance Authority in Ghana is set to begin verifying claims from service providers through a new biometric system. Reported in My Joy Online, the system will capture the biometric data of NHIA cardholders and will generate a claim code when cardholders visit health facilities for insurance subscribers. According to the report, this decision to introduce biometrics comes as an attempt to reduce fraudulent claims filed by service providers. Under the new process, health facilities that don’t process claims

Biometrics Institute announces seminar on combatting fraud in financial services

The Biometrics Institute has announced a seminar on combatting fraud in financial services, set to take place June 26, 2013. The seminar, hosted by Unisys will be held on the day prior to the Technology Showcase Europe 2013 event, which will be held at the Royal Bank of Scotland in London. According to the company, this seminar represents a unique opportunity to engage in a discussion around the various roles biometrics could, or even should play in financial services. During