The U.S. Consumer Financial Protection Bureau is warning lenders they can be liable for data breaches for causing consumers "substantial injury." To avoid liability, the bureau recommends that banks implement multifactor authentication and especially Web Authentication.
Token selected former OneSpan CRO John Gunn as CEO to scale the organization and prepare its wearable authentication ring for large-scale production. Gunn is tasked with sourcing the critical components needed to manufacture the ring and building a base of paying clients for the biometric tool.
The ICO has imposed a penalty of 7.5 million pounds on Clearview AI Inc. for using scraped U.K. citizen facial images for its facial recognition database. The agency has directed the firm to delete images of all U.K. citizens and to stop scraping data from the open internet.
User authentication is a key step to blocking the pathway to fraud losses and reputational damage - but many existing solutions are failing.
Download the latest whitepaper on why CAT could be the future:
Find out the key role of behavioural biometrics;
The approach which ‘optimizes both risk mitigation and...
Jeremy Grant, coordinator of the Better Identity Coalition, joins three ISMG editors to discuss important cybersecurity issues, including how the Biden administration’s executive order will advance the identity cause, and whether we are any closer to finally abandoning the password.
Social engineering scams are on the rise worldwide. In the last year, the number of social engineering scams have increased 57%, and impostor scams were the number one type of fraud reported by consumers, according to the U.S. Federal Trade Commission.
Legacy fraud prevention controls that rely on device, IP and...
As the last U.S. military flight lifted off Tuesday evening from the airport in Kabul, Afghanistan, what's been left behind reportedly includes a vast trove of biometric data that could be used to identify - including for interrogation or execution - individuals who assisted the occupying NATO forces.
How can insurers take advantage of face authentication to verify customer identity online and prevent fraud?
We've all heard gruesome stories of people hiding a corpse so they can continue to claim a friend or relative's pension. Unfortunately, deepfakes and other technology make it much easier for fraudsters to...
Security specialists are offering preliminary feedback on Microsoft's sneak peek at the new security measures to be included in the Windows 11 operating system, which is slated for release in December.
How are governments using secure digital identity verification to improve the lives of citizens globally? Find out how the UK Home Office, U.S. Department of Homeland Security, Singapore Government, Australian Government, UK National Health Service (NHS) and Estonian Smart-ID are using online biometric authentication...
No script, no filter: Just Microsoft’s Edna Conway and Cisco’s Wendy Nather gathering with privacy leader Michelle Dennedy to discuss the impact of the SolarWinds supply chain attack and to play Buzzword Mystery Date with SASE, CIAM and "passwordless" authentication - are these trends dreamboats or duds?
For a long time now, financial industries have been known for embracing innovation to meet the ever changing consumer needs. As we move through accelerating digitization, data remains at the crux for personalized content, offers, and product recommendations. On top of this, a good digital experience which is...
Speech recognition has become a powerful tool for authenticating customers in a seamless manner, says Sekar Jaganathan, director of digital strategy at Malaysia’s Kenanga Investment Bank.
Asian organizations are beginning to look at extending digital identity beyond the traditional internal enterprise IAM stack to customer identity and access management, or CIAM, says Alex Laurie, senior vice president at ForgeRock.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing databreachtoday.asia, you agree to our use of cookies.
