It's the age of "open banking," and that means changes for banking institutions and their customers - as well as for the fraudsters. Shaked Vax of IBM Security Trusteer talks about new vulnerabilities and anti-fraud strategies.
Aetna will move from passwords to continuous behavioral authentication next year on its consumer mobile and web applications for better security and end-user experience, says Jim Routh, the health insurer's CISO.
In the move to a cashless economy in India and elsewhere, improving user authentication is critical, but users are demanding ease of use, says Singapore-based Tom Wills, director at Ontrack Advisory. He describes the roles that biometrics and artificial intelligence will play.
Consumers are demanding new digital banking services that require institutions to raise the bar for speed and intuitive experiences. The ability to accurately confirm that the "customer" logging in to your digital banking system is who they say they are is essential.
The solution is no longer about finding the...
Can your financial institution automatically detect and prevent phishing attacks? Swiftly identifying and taking down these websites is time-consuming - and unfortunately, most users submit their credentials in the first few hours of the attack. As a result, to guard against phishing you need the ability to protect...
At a time when fraud is attempted across multiple channels and customers still demand a frictionless digital experience, Kevin Donovan of Biocatch makes the case for organizations to embrace the tenets of continuous authentication.
A report on advances in authentication to secure a cashless economy leads the latest edition of the ISMG Security Report. Also, we analyze the record-shattering Anthem data breach settlement.
What can CISOs at banks do to help prevent fraud as the region, and in particular India, moves toward achieving a cashless economy? Theo Nassiokas, director, APAC cybersecurity, at Barclays Bank, offers insights in an in-depth interview.
Multifactor authentication is essential to securing mobile payments as part of a multilayered defense, says Michael Lynch of Inauth, who explains a fraud-fighting strategy.
In an in-depth interview, Bharat Panchal, CISO of NPCI, clarifies ambiguities regarding banks' ongoing migration to the Unified Payments Interface service and discusses fraud prevention efforts.
Because the Aadhaar identification system is now being used for purposes for which it was not designed, such as transaction authentication, the risks involved are growing, says cyberlaw expert Na. Vijayashankar.
Members of Parliament in Britain have had their remote email access suspended following an apparent brute-force hack attempt aimed at exploiting weak passwords to gain access to their accounts. Officials say fewer than 90 email accounts appear to have been breached.
It's easy to draw a direct link between high-profile breaches and the compromise of user credentials. But it requires a phased approach to actually improve privileged access management, says Barak Feldman of CyberArk.
To encourage individuals to improve their security practices, begin by not blaming them. That was one takeaway from security experts at the Infosecurity Europe conference, who offered practical tips for changing user behavior and creating a culture of security.
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