PYMNTS

AUGUST 8, 2019

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We Meier said there is serious pressure to move further away from knowledge-based authentication methods and even Social Security numbers.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

NOVEMBER 26, 2019

Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials. Two-factor authentication tools are part of the strategy, and technology can help ascertain whether multiple login requests are coming from the same device. Building Moats.

Real Time Payments 61

Real Time Payments Authentication Fraud Prevention Credential 61

Fi911

JULY 8, 2024

Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes. Once they have control, fraudsters can make unauthorized transactions, change account details, and steal sensitive information.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. There are other types of … behavioral data out there that allow us to really understand and authenticate the real you.”.

Credit Union 58

Credit Union Authentication Credential Assessments 58

PYMNTS

MARCH 13, 2020

Individuals rushing to escape danger may not have the time or presence of mind to grab birth certificates, Social Security cards and driver’s licenses, yet they may face serious problems restarting their lives without identification. The World Bank estimated that one billion people lacked formal identity documents as of 2018.

Credential 63

Credential Blockchain Authentication Privacy 63

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Cutting Out the Internet.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

APRIL 30, 2019

We at PYMNTS come here not to bury biometrics, but to explore another way of bringing identification and age verification to the masses — a method that, in the view of Alain Meier, CEO of Cognito , could help eCommerce operators stay ahead of regulators and otherwise offer relatively friction-free authentication to consumers around the world.

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

OCTOBER 3, 2016

In today’s mobile-first and digital-first environment, the authenticity of who the end consumer is has become the amalgamation of their digital footprint, Najarian noted. If you only look at each one of these three by themselves, they have value, but the greatest value is when you stitch them all together,” Faulkner explained.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Bots 76

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. One hacker even posed as a company’s HR department and made off with more than 20,000 company records. .

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

DECEMBER 3, 2019

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day. Financial information, Social Security numbers and a host of other private data is wrapped up in each person’s digital identity, making a potential data breach catastrophic.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

APRIL 3, 2019

In case you’ve not noticed – and being PYMNTS readers, you no doubt have – ID verification and authentication is gaining attention, focus, investment and use in digital payments and retail. ID verification and authentication will keep advancing, with new experiments and deployments coming at a quick pace. Verification Trends.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

JUNE 4, 2019

If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. However, if data is vital to the digital economy, so is identity (ID) verification.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

SEPTEMBER 18, 2017

The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced? . Equifax hack as game changer?

Breach 46

Breach Identity Theft Credential Authentication 46

FICO

MARCH 22, 2022

The data available for purchase on the dark web can be very rich; personal information such as date of birth, email address, Social Security number / national ID and phone number are sold alongside account specific information such as usernames and passwords. Strong customer authentication.

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

Clearly Payments

JANUARY 8, 2024

The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security. The breach included sensitive data such as names, Social Security numbers, birth dates, addresses, and, in some cases, driver’s license numbers.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

SEPTEMBER 22, 2017

We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S. Our platform recorded breakthrough acceptance with the authentication of over 50 million identities. A large number of banks and online sites still rely on knowledge-based authentication. You know the ones.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

PYMNTS

MARCH 1, 2018

Entersekt , which is focused on push-based authentication and mobile app security, last week announced a technology partnership with Equifax. When access to a digital identity or account is required, a request for authentication is sent to the phone or another mobile device – such as a tablet – in real time.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

PYMNTS

MAY 31, 2018

In addition, fraudsters are banding together to share details across the dark web , ranging from static data like Social Security numbers and login details to “best practices” with which they can get around companies’ defenses. So, multi-factor questions are a better option.

Online and Mobile Banking 49

Online and Mobile Banking Compromise Best Practices Social Security 49

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

SEPTEMBER 15, 2020

Remote onboarding is as great for crooks as it is for consumers – all they need is total anonymity and bogus credentials to make trouble. And while consumers don’t mind sharing email addresses, phone numbers and even Social Security numbers, they’re still getting used to the idea of biometric scans as the ultimate form of ID.

Verification 57

Verification Social Security Credential Consumer 57

PYMNTS

JULY 5, 2018

The problems of security, data breaches, identity verification and user authentication just keep getting bigger. When a consumer signs up for a service, they must enter their name, email address, phone number, Social Security number and more. If Uber has a token, then it must only work with Uber.

EMV 41

EMV Mitigation Data Breach Credit Cards 41

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

MAY 29, 2018

These identities rely on three things: An identifier, such as a phone number or Social Security number; a password or phrase to initiate the transaction; and a certificate that takes the place of the signature by sending a push notification to the consumer’s phone for authentication.

Interoperability 43

Interoperability Governance Government Authentication 43

PYMNTS

JUNE 21, 2019

Challenger banks have been solving at least part of the application problem by asking for, what he termed, “more minimalistic information, but they are also using more modern technology” that allows individuals to verify their credentials with speed. The lower the assessed risk, the shorter the application time.

Accounts 43

Accounts Risk Assessment Assessments Online and Mobile Banking 43

PYMNTS

MAY 28, 2018

These identities rely on three things: An identifier such as a phone number or Social Security number, a password or phrase to initiate the transaction, and a certificate that takes the place of the signature by sending a push notification to the consumer’s phone for authentication.

Interoperability 40

Interoperability Governance Government Authentication 40

PYMNTS

OCTOBER 11, 2017

Criminals often use these credentials to buy purely digital goods, such as concert tickets, so they can receive and resell the goods as quickly as possible, said Byrnes. Byrnes noted that the eWallet strategy doesn’t work with the major mobile wallets — Apple and Android both have very secure digital wallets, he said.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

PYMNTS

MAY 16, 2018

But truly, says Pappano, fraud really isn’t much of an issue in gaming due to the heavy identity verification process at signup as well as stricter authentication whenever money is moved in or out of the gaming or wagering account. When was the last time a customer ever had to share their Social Security number to buy a new pair of shoes?

Regs 40

Regs Legal Disputes Laws 40

CB Insights

AUGUST 25, 2017

Other potential applications include using blockchain to provide massive scale data authentication: for example, using its blockchain-enabled KSI (Keyless Signature Infrastructure), cybersecurity startup Guardtime tags and verifies data transactions for cryptographic assurance of their integrity and authenticity.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78