Finovate

FEBRUARY 21, 2025

When a consumer calls into a call center using Illuma Shield, they can complete enrollment simply by saying “yes” and continuing the conversation. As a result of the straightforward experience, Illuma reports that more than 95% of callers invited agree to enroll.

Authentication 52

Authentication Finance Security Due Diligence 52

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

NOVEMBER 15, 2017

Put another way, and to paraphrase a hockey great: When it comes to identity verification and the technology that comes with it, FIs need to skate where the technology is headed, not where it has been. It makes us comfortable with new ways of authentication and new ways of verification.”.

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). Amid the different current biometric iterations used for identifier verification, Pointner said, the strongest candidates are those based on face or fingerprint.

Authentication 72

Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

FEBRUARY 22, 2019

Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., As Webster noted, passwords are likely floating around somewhere on the dark web, pilfered as part of one of the innumerable data breaches seen in recent years — possibly up for sale.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

SEPTEMBER 6, 2019

Consumers are losing faith in passwords, PINs and similar KBA verification methods, but they also refuse to sacrifice speed and convenience for greater security — quick and easy user enrollment remains a top priority for that same 91 percent of call center industry leaders.

MFA 49

MFA Authentication Phishing Verification 49

FICO

AUGUST 28, 2020

However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. Until recently, identity verification and authentication systems have tended to be point solutions. Plus, consumers don’t like passwords as a security measure. Unified Approach.

Authentication 52

Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

APRIL 11, 2017

Data breaches are so commonplace, might we have become immune to the news of more credentials hacked, more identities stolen? Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. Data Point One: One Billion Plus.

Credential 40

Credential Enrollments Authentication Breach 40

PYMNTS

SEPTEMBER 28, 2017

In a conversation with PYMNTS’ Karen Webster, David Barnhardt, executive vice president of product at full-service payment and ID verification solutions provider GIACT Systems , said the estimated costs of synthetic identity fraud to credit card firms will come in at $8.5 billion in credit card charge-offs in the next year alone.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

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.

Social Security 53

Social Security Security Credential Authentication 53

PYMNTS

JULY 23, 2018

Everything’s fair game, it seems, from names and Social Security numbers (SSNs) to account data, and even info gleaned off social profiles (more on this in a minute). Equifax may have its place as a watershed hack in the annals of data breaches , but it stands as only one of many. As many as 1.5

Social Security 41

Social Security Breach Data Breach Debit Card 41