Consumer attitudes towards various digital identity authentication methods
With concerns around online fraud and identity theft rising, consumers expect businesses to utilize new technologies to protect them online. According to research from …
Most financial services mobile apps still rely on passwords, even with added friction
Incognia announced a report which highlights results from their most recent study focusing on authentication and friction at login and the password reset process. The study …
Three security lessons from a year of crisis
Crime thrives in a crisis, and the coronavirus was the largest collective emergency that the world has faced for decades. While there are more heroes than villains in the …
Digital identity verification spend to reach $16.7 billion in 2026
Spending on digital identity verification by businesses will reach $16.7 billion in 2026, from $9.4 billion in 2021, Juniper Research finds. Digital identity verification is …
Biometrics for banking and financial services market to reach $8.9 billion by 2026
The turn of next decade is expected to be more challenging for banks and financial institutions as security breaches become more sophisticated with technology advancements. …
Banks accelerating their risk management transformation
COVID-19’s disruption has stretched risk management infrastructures to the brink, forcing banks to recalibrate their data, models and processes for stress testing, impact …
Financial institutions experiencing jump in new pandemic-related threats
Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research …
Consumers embracing biometrics to protect their information
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …
How to stay ahead of the rise of synthetic fraud
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified …
What behavioral experts can teach us about improving security
The “castle and moat” approach to protecting one’s domain was effective for centuries. At the start of the internet age, when a company’s greatest assets were physically …
Business email compromise is a top concern for banks
Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results …
Financial institutions can strengthen cybersecurity with SWIFT’s CSCF v2021
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has introduced an updated set of baseline customer security controls that all of its users must …
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