Traditional Authentication is not a standalone fraud killer. One Time Passwords, Biometrics, Mobile Authentication via PUSH or SMS, these technologies by themselves are being subverted by new attacks. 15 years ago, with FFIEC guidance, One Time Passwords reduced fraud by themselves by over half. Today, new forms of...
The National Payment Corporation of India, the umbrella organization for all retail payments systems, has asked banks to discontinue Aadhaar-based payments through Unified Payments Interface and Immediate Payment System channels.
The issue of access management and vulnerable software applications has come back to haunt the Unique Identification Authority of India which manages the Aadhaar database containing biometrics and personal information of over 1 billion Indians.
Security technology innovations entering the market are getting attached as features to an infrastructure that is fundamentally broken and an enforcement model that cannot operate in real time, says Matthew Moynahan, CEO at Forcepoint.
Intelligence adaptive authentication represents the latest advance in authentication and risk analysis - with a dose of machine learning - to help organizations authenticate users and battle fraud in real time, says OneSpan's Will LaSala.
The FIN7 cybercrime gang regularly phoned victims, posing as buyers, to trick victims into opening phishing emails and attachments with malware, federal prosecutors allege. The group's success - 15 million stolen payment cards and counting - is one measure of how difficult these types of attacks are to block.
The chief security officer for the U.S. Democratic Party is recommending that all party officials avoid using mobile devices made by Chinese manufacturers ZTE and Huawei. Bob Lord says that even if devices from those manufacturers are free or low cost, no one wants to be the next "patient zero."
UIDAI, which administers the Aadhaar program, has some simple advice: Avoid behaviors such as what R.S. Sharma, chairman of the Telecom Regulatory Authority in India, did on Saturday, when he tweeted his Aadhaar number.
Reddit suffered a data breach in June after attackers managed to bypass its SMS-based two-factor authentication system. User data from 2007 and before was compromised. Security experts say the breach should serve as a reminder that using any two-factor authentication is better than none.
Data science is playing a fundamental role in a more dynamic approach to cybersecurity, says Jim Routh, CISO of Aetna, who stresses the importance of applying machine learning to front-line data security controls. Routh will be a featured speaker at the ISMG Security Summit in New York Aug. 14-15.
Following the recent data breach affecting 1.5 million patients of Singapore-based SingHealth, the country's largest healthcare group, the Monetary Authority of Singapore has asked all financial institutions to tighten their customer verification process by applying multifactor authentication.
Alberto Yepez of ForgePoint Capital says cryptocurrency poses new challenges for accommodating the "know your customer" process of confirming that you're "doing business with the people that you want to be doing business with."
Spear phishing attacks are in the news again following the Justice Department's indictment of Russian military intelligence officers for alleged attacks against U.S. politicians and county and state election boards. Here's how to play better phishing defense.