Before the Internet, customers who wanted to perform a bank transaction had only one option - a visit to their local branch for a face-to-face transaction. Now, in the "mobile age," customers expect that their bank provide secure and easy access to the full suite of banking services via their mobile device. The...
The arrest of 10 men in Uttar Pradesh for allegedly cloning fingerprints of authorized Aadhaar enrollment officers is once again stirring debate over whether it's wise for India to rely so heavily on Aadhaar for authentication.
According to Javelin, in 2015 there were more than 1.5 million new account fraud victims who accounted for losses of $2.8 billion. This number increased by 40 percent in 2016. And with all the continued data breaches, there are no indications that this trend has slowed in 2017. The Equifax breach, which affected more...
Security practitioners in India need to have a better perception of threats and risks to build successful detection and defense strategies. That was one of the key lessons offered at ISMG's Fraud & Breach Prevention Summit in Bengaluru June 7.
DSCI is working with the FIDO Alliance in an effort to eliminate the use of passwords for authentication in India. But some security practitioners question whether that's a realistic approach that will prove effective. go
Voice biometrics: Is it good enough to protect people's bank accounts? Also, the ISMG Security Report goes to Belfast, Northern Ireland, for this year's OWASP AppSec Europe conference, including a visit to the Titanic museum - hopefully not a metaphor for the discipline.
RBI has mandated that all banks migrate to Aadhaar-based biometric authentication for electronic payment transactions by June 30. But some information security experts question whether the the technology can handle the potential volume of transactions.
As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection. IBM's Brooke Satti Charles offers a preview.
A search warrant executed earlier this year gave authorities the power to force occupants of a Los Angeles-area house to unlock devices with their fingerprints, casting doubt on biometric defenses.
Implementing a successful cybersecurity strategy in light of advanced threats calls for operationalizing three key principles: visibility, identity and risk, says Zulfikar Ramzan, chief technology officer at RSA.
Warning to parents and guardians: Beware of collecting, storing or sharing your child's biometric information - including fingerprints and DNA - even if you're creating a so-called "Child ID Kit," because the data is a natural target for identity thieves.
A panel of experts debates the ineffectiveness of the public, private partnership model in evolving a plan to develop an ideal framework to tackle cyber threats. What is needed to build an effective model to respond to future threats?
The severity of the U.S. Office of Personnel Management breach continues to grow, with investigators now reporting that hackers stolen 5.6 million people's fingerprint data. The theft may have security implications well into the future.
For contact centers, the effectiveness of security questions is declining. Professional fraudsters can successfully answer questions using stolen customer records from growing cyberbreaches and customer experience is impacted by adding more security questions.
Is there a way for more powerful fraud detection...
Today's constantly evolving advanced malware and APTs can evade point-intime defenses to penetrate networks. Security professionals must evolve their strategy in lock-step to confront these advanced threats before, during and after attacks. NSS Labs recently cut through the noise surrounding advanced threats and the...
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