Online payment fraud loss to grow 50 percent in Europe by 2024
By 2024, financial loss caused by online payment fraud will cost eCommerce merchants more than $25 billion annually, compared to…
fraud - biometrics topics
Biometric Update regularly releases articles about fraud. The following set of links is available to help you find biometrics news related to fraud. More tags may be perused by accessing our entire Biometrics Topics list.
Fraud levels have more than doubled globally over the past five years, Jumio reports
New account fraud has gone up 18 percent in 2019 compared to 2018 global reports, adding up to a 106.8…
Voice biometrics spoof nets fraudster $29M
The U.S. subsidiary of financial media giant Nikkei, has been victimized by a voice biometric spoof attack that netted a…
PSD2 could drive fraud to non-EU payment markets as biometric authentication increases
Most companies are not prepared for the Europe’s new and revised Payment Services Directive (PSD2), but that will not stop…
BioCatch argues synthetic identity fraud renders static identity elements useless
The success of synthetic identity fraud is making the verification of static identity elements largely useless to prevent fraud, and…
Voice fraud spike driven by breaches and increasing use
Incidents of voice fraud climbed by 350 percent from 2013 to 2017, and increased 47 percent in 2017 to reach…
Trusted identities: Solving fraud in banking
One of the biggest challenges facing banks today is how to provide secure and trusted services while substantially improving customer…
New Gozi Trojan can dupe some behavioral biometrics security measures
A new version of the Gozi banking trojan that is currently active in Japan, Spain, and Poland, has the ability…
Terrorism and fraud risks will drive demand for automatic identification systems: Technavio
Technavio analysts forecast positive growth for many segments of the global automatic identification system market over the next four years…
Protecting against criminal use of stolen biometric data
A database has been breached and biometric data is “in the wild”. Conceivably, this stolen data could be used by…
