BioCatch VP touts behavioral biometrics as wave of the future

Behavioral biometrics is a breakthrough cybersecurity technology that identifies people by how they do what they do, rather than by their physical characteristics, what they know, or by the authentication technology they possess. Behavioral biometrics is defined as the measurement and analysis of human activity patterns. Historically, these have included keystroke patterns, gait, and handwritten signatures. However, today’s advanced behavioral biometric techniques now capture a wider array of human interactions between a device and an application, such as hand-eye coordination,

NuData picks up leader award from Javelin Strategy and Research

NuData Security has been designated Leader in the Innovation category in the 2017 Identity Proofing Platform Awards by Javelin Strategy & Research. NuData’s flagship product line, NuDetect identifies authentic users over fraudulent ones, at the time of account creation, based on their online, mobile and smartphone interactions by collecting their usage information and assigning a risk score to an individual or transaction. The solution integrates behavioral biometrics, behavioral analysis, device and access intelligence and a database of events across its

Mastercard predictive tool aims to protect account related fraud from data breaches

Mastercard has launched Early Detection System, a new service that provides issuers with a unique advanced alert for cards and accounts that detects a heightened risk of fraudulent use based on their exposure to security incidents or data breaches. Considering that not all compromised accounts will be used fraudulently, and a quick response time is crucial in these situations, Mastercard developed Early Detection System to help financial institutions take action more rapidly in an effort to preempt more serious attacks.

Pindrop unveils latest call center anti-fraud solution

Pindrop, a pioneer in voice-fraud prevention and authentication, today has launched the newest version of its flagship offering. The firm today released Pindrop Protect 4.0, a multi-factor anti-fraud solution that allows call center operators to assess the fraud risk of every incoming or outgoing call. The solution ensures that every facet of a call, including audio, voice, and metadata, is scored based upon anomaly detection and matching. The solution is noted to provide deep call intelligence for every call in

South African Fraud Prevention Service launches shared imposter voicebank

In an effort to lower fraudulent transactions in local call centers, The South African Fraud Prevention Service (SAFPS) is launching a shared imposter voicebank which it will initially pilot with select participants before rolling out across the country, according to a report by IT Online. SAFPS is partnering on the initiative with voice biometric authentication solutions firm, OneVault. “Voice biometrics is an authentication solution that is similar to a fingerprint in that it represents an individual’s biological construct and is

Facial recognition ATMs mandatory for mainland Mastercard, Visa cardholders in Macau

The Monetary Authority of Macau (AMCM) has made facial recognition technology a mandatory requirement for all mainland withdrawals made by Visa and Mastercard cardholders at automated teller machines (ATMs) starting in September, according to a report by Macau Daily Times. Currently, there are several ATMs in Macau that are using facial recognition technology for Union Pay customers in an effort to combat money laundering as well as the central government’s strategy to prevent capital outflows from the mainland. Now, these

How biometrics can fight synthetic identity fraud

This is a guest post by Kayla Matthews, a biometrics and technology writer. Identity fraud is a major issue today, and it’s only getting more advanced. You may think people who engage in stealing identities take details from single individuals and assume those personas. That practice still occurs sometimes, but synthetic identity fraud is even more widespread. The basics of synthetic identity fraud People involved in synthetic identity fraud take bits of information from various victims and combine it. They

Intercede, Cifas research studies reveal weak user authentication, rise in identity fraud

Intercede recently published a research report conducted by Vanson Bourne that examines how UK systems administrators, people who manage the operation of computer systems, or those who have such access rights are protecting and securing sensitive data within their organizations. The study found that 86 percent of those with systems administrator (sysadmins) level access rights are currently using only basic username and password authentication to login to their companies’ IT systems on-site. In addition, 50 percent of respondents admitted that business user

FIS, Equifax launch identity verification solution

FIS and Equifax have partnered to improve consumer experiences by delivering greater convenience and security to consumers to safeguard them against financial fraud and identity theft. The companies jointly offer OnlyID, an identity verification solution that provides enhanced account protection and personal control through a single, secure digital log-in, comprising of the user’s thumbprint or another unique identifier. OnlyID can be used across multiple accounts and will be offered by financial institutions and e-retailers who join the OnlyID Network. The

LexisNexis Risk Solutions, BioCatch to reduce company fraud losses

LexisNexis Risk Solutions and BioCatch have partnered to help companies across all industries reinforce their efforts in preventing fraud cases. As a result of the new partnership, companies will receive additional risk scores through the LexisNexis Risk Defense Platform that expand on the data typically provided by the customer by analyzing how the user behaves. During the application process, LexisNexis Risk Defense Platform monitors behavior and is able to discern between a real user and an impostor by recognizing normal