FB pixel

NuData honored for its leadership in fraud prevention

NuData honored for its leadership in fraud prevention
 

NuData Security has been awarded the “Best Fraud Prevention Company” award by FinTech Breakthrough, an independent organization that recognizes leading companies, technologies and products in the global FinTech market. The 2018 FinTech Breakthrough Award program attracted more than 3,000 nominations from across the globe.

“We are thrilled to recognize NuData Security for their leadership position in the category of fraud prevention and congratulate them for their significant technology innovation to help mitigate these increasing risks of fraud faced by the industry today,” said James Johnson, managing director of FinTech Breakthrough.

NuData’s integrated multi-layered solutions protect customers’ online environments across the complete user session, enabling clients to prevent and block threats that happen at the pre-login stage and across the entire session, monitoring all activity until the user logs out.

“Every day, leading organizations worldwide trust NuData to protect their customers and preserve their brand integrity,” said Michel Giasson, co-founder and CEO of NuData Security, a Mastercard Company. “We’re pleased to be honored by the FinTech Breakthrough Awards Program, and view this recognition as an important validation of our success and the possibilities ahead of us.”

NuData security research released last month shows that account takeovers increased by ten times from 2016 to 2017 and that 40 percent of account access attempts were flagged as high-risk in 2017, increasing from only 15 percent in 2016. The company estimates that half of all login attempts are now high-risk.

The behavioral biometrics firm was acquired by Mastercard last year.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

DHS awards SVIP contract to Procivis for decentralized identity software

Procivis AG, a subsidiary of Swiss institution Orell Füssli, has been awarded a tender through the U.S. Department of Homeland…

 

IDnow rides online betting wave from UEFA Euro Championship

IDnow is capitalizing on UEFA European Football Championship fever, registering over eight times more identity verification requests on sports betting…

 

Android 15 integrates biometric security across the board

In the latest Android 15 Beta 3 release, significant progress has been made in the area of biometric authentication. In…

 

Vote begins on biometric injection attack standard

Europe’s standard for biometric data injection attacks is on track to be published in October of this year, and could…

 

Police Scotland engages public on biometric data rights amid cloud storage concerns

Police Scotland has commenced the distribution of an information leaflet to all individuals in police custody who have their biometric…

 

‘Facial recognition is the easy part’: digital travel ID pilot results are in

Air travel has been getting more complicated. From security and passport checks to special documents such as COVID-19 certificates, passengers…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events