Total combined fraud losses climbed to $56 billion in 2020
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …
biometrics
Most are concerned about data privacy, but few are willing to change habits
Today’s consumers are willing to trade their personal data for personalization, but also have fast-growing concerns about data privacy, according to a survey by Entrust. In …
Unsophisticated fraud attacks increase, first-time fraudsters more prevalent
The risk of identity fraud has increased significantly with attacks occurring more frequently since the start of the pandemic, Onfido reveals. Over the past 12 months, the …
Face recognition software making progress at recognizing masked faces
A study of face recognition technology created after the onset of the COVID-19 pandemic shows that some software developers have made demonstrable progress at recognizing …
Why biometrics will not fix all your authentication woes
As the number of data breaches shows no signs of decreasing, the clamor to replace passwords with biometric authentication continues to grow. Biometrics are becoming widely …
The security consequences of massive change in how we work
Organizations underwent an unprecedented IT change this year amid a massive shift to remote work, accelerating adoption of cloud technology, Duo Security reveals. The security …
Biometric device revenues to drop 22%, expected to rebound in 2021
In the aftermath of the COVID-19 pandemic, global biometric device revenues are expected to drop 22%, ($1.8 billion) to $6.6 billion, according to a report from ABI Research. …
Facing gender bias in facial recognition technology
In the 1960s, Woodrow W. Bledsoe created a secret program that manually identified points on a person’s face and compared the distances between these coordinates with other …
Less than a quarter of Americans use a password manager
A large percentage of Americans currently do not take the necessary steps to protect their passwords and logins online, FICO reveals. As consumers reliance on online services …
Biometric device shipments revenue to drop by $2 billion
The pandemic is expected to cause a significant pushback on biometric device shipments, creating a major revenue drop of $2 billion over the course of 2020, according to ABI …
Users still engaging in risky password, authentication practices
IT security practitioners are aware of good habits when it comes to strong authentication and password management, yet often fail to implement them due to poor usability or …
More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …