The staggering cost of identity fraud for financial services
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. …
identity protection
The rise of biometrics and decentralized identity is a game-changer for identity verification
The journey towards digital transformation for organizations and governments has been fraught with difficulties, resulting in some users needing to catch up as more digital …
Best practices to secure digital identities
With cybersecurity incidents involving compromised credentials continually the most common cause of a data breach for enterprises – and account takeover for individuals, …
Combining identity and security strategies to mitigate risks
Last week, the Identity Defined Security Alliance (IDSA), a nonprofit that provides vendor-neutral resources to help organizations reduce the risk of a breach by combining …
Stolen credentials are the most common attack vector companies face
60% of IT security decision makers believe their overall security strategy does not keep pace with the threat landscape, and that they are either lagging behind (20%), …
It’s time to shift from verifying data to authenticating identity
As fraudsters continue to develop increasingly sophisticated schemes that allow them to produce an apparent valid identity, either by stealing personal data or fabricating it …
The importance of a zero trust-based approach to identity security
97 percent of senior security executives say attackers are increasingly trying to steal one or more types of credentials, a CyberArk survey reveals. As organizations move …
A strategic approach to identity verification helps combat financial crime
70% of financial services organizations are taking a strategic approach to identity verification to combat financial crime and stay one step ahead of fraudsters according to …
Worldwide new account fraud declined 23.2% in 2020
New account fraud based on ID verification declined 23.2% worldwide YOY in 2020, compared to 2019 results, according to Jumio. At the same time, selfie-based fraud rates were …
Consumer behaviors and cyber risks of holiday shopping in 2020
While consumers are aware of increased risks and scams via the internet, they still plan to do more shopping online – and earlier – this holiday season, McAfee reveals. …
Identity fraud: Protecting your customers from the new kids in town
It’s one thing to have your credit card stolen, but your identity is a whole other ball game. The worst thing is, it’s a lot more common than you’d think. Identity fraud …
A data breach could be game over for a brand
Data security is a legitimate worry for today’s consumers around the world, Ping Identity survey reveals. Approximately one half (49%) of respondents report that they are more …