Some form of identity theft is at the heart of most financially-motivated fraud. Identity fraud and its derivative crimes cost banks, retailers, healthcare providers, governments, and ultimately consumers and taxpayers around the globe hundreds of billions of dollars every year This whitepaper can be downloaded — free of charge — and the reader can learn more about cloud-based biometric identity proofing and authentication services for mass markets.
A recent ABC News report says that U.S. authorities are warning that ISIS is producing authentic-looking passports with machines that the terrorist group captured during the Syrian conflict. The news organization obtained access to a 17-page intelligence report created by the Department of Homeland Security for local law enforcement agencies which noted that ISIS likely has been able to print legitimate-looking Syrian passports since taking over the city of Deir ez-Zour last summer. That city was home to a passport
November 26, 2015 Planetarium Amsterdam, Kromwijkdreef 11, 1108 JA, Amsterdam, Netherlands Biometrics in Banking and Payments is designed to provide executives responsible for lines of business, distribution, and IT in the banking, payment and insurance business with inspiration to improve their processes and business. Participants will be able to familiarize with biometric applications that can support their organizations by learning how biometrics can support in optimizing key aspects of the banking and payment processes: optimizing customer interaction, operational efficiency and
A growing number of Massachusetts-based fraudsters are crossing state borders to New Hampshire in an effort to go undetected by the Massachusetts Registry of Motor Vehicles (RMV) facial recognition system that notifies police when applicants attempt to attain multiple driver’s licenses, according to a report by Boston Herald. New Hampshire State Police has already experienced a rise in arrests this year of driver’s license fraudsters, said Sgt. Andrew Player, who heads up an investigations unit that specializes in RMV fraud.
The Center for Identity at The University of Texas announced it will host the fifth annual ID360: The Global Forum on Identity 2015 conference on May 5-6 at the Hilton Austin. This year’s forum will explore “The Identity Economy,” with a focus on economic matters related to identity, cybersecurity and personal information. Personally identifying information (PII) is a relatively new currency on the Internet that is used to gain access to all forms of goods, services, networks and devices. Free
U.S. criminals have been using stolen identities and credentials to purchase high-value goods through the Apple Pay mobile payment system, according to a report by The Guardian. Many U.S. banks have been seeing a growing level of fraud, and some of these institutions have implemented better verification systems to combat this issue head on. Since launching in the U.S. last October, Apple Pay – which is controlled by a fingerprint wireless payment mechanism available on iPhone 6 and 6 Plus
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 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 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
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