PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

APRIL 11, 2017

Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. This is the reported number of accounts compromised just at Yahoo alone over the last several years. That’s a lot of data at risk for compromise, said Geiman.

Credential 40

Credential Enrollments Authentication Breach 40

FICO

JULY 27, 2020

Instead of a fingerprint, FICO’s voice signature capabilities allow users to enroll in online and mobile banking by saying a short phrase, such as “I love chips!” Granted, devices can be stolen, fingerprints copied and passwords compromised, but every hurdle placed in front of criminal access makes customer accounts more secure.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

FICO

MARCH 30, 2020

This authentication – proving that the user is the same customer as the one who enrolled – is different from knowing who they are; their name, date of birth, mother’s maiden name, etc. Compromise could be by malware, theft or other techniques. This is the dilemma, especially for those that are reliant on digital interactions. .

Authentication 52

Authentication Risk Transactions Payee 52

PYMNTS

MARCH 27, 2020

The consequences can be significant because if a company is not running identity verification or understanding who they are doing business with when the proverbial smoke clears, individuals will point to accounts they did not open (the fraudsters opened them).

Account Takeovers 55

Account Takeovers Due Diligence Accounts Email Compromise 55

PYMNTS

AUGUST 21, 2018

He said, “As an individual, you have to assume your data is already compromised,” so much so that all identity proofing solutions that rely on static knowledge about a person have been rendered invalid. As Pointner said, “There is not enough understanding yet about how tough it can get when, really, someone compromises your data.”.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

AUGUST 10, 2017

Explaining the shift a bit more broadly, Madhu said, “We have silos of information that would … [house] the place that you authenticated at originally, that enrolled you.” Thus, information provided by a user has been confirmed across a variety of validation and verification processes. They are not a secret.

Social Security 53

Social Security Security Credential Authentication 53

CB Insights

AUGUST 25, 2017

Deploying blockchain solutions in education could streamline verification procedures – thus reducing fraudulent claims of un-earned educational credits. Use of blockchain technology could allow hospitals, payers, and other parties in the healthcare value chain to share access to their networks without compromising data security and integrity.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78