Articles Tagged with ''authentication''

Account takeover and fraud schemes are costing consumers, banks, retail organizations, healthcare and other online businesses billions of dollars each year. What’s more, the cost of these attacks is on the rise—according to Riskified, losses from account takeover rose 122 percent from 2016 to 2017 and increased by 164 percent the following year.

Think about how many times a day you use a password, key, card, or fob — if your day is anything like mine, it's probably in the dozens.

Fifty-six percent of consumers in North America and Europe are concerned about the switch to biometrics, and 81 prefer passwords for online payments due to security concerns, according to the report “Lost in Transaction: The end of Risk?”. 

As companies increase their cybersecurity defenses, fraudsters are now targeting call centers with easily obtained and plentiful personally identifying information and they are sharing it too.

As consumers become increasingly comfortable using biometrics to unlock devices and log into accounts, there is a growing interest in bringing this technology to physical payment cards to provide simple-to-use multifactor authentication for in-store transactions. The Secure Technology Alliance released an introductory resource for those interested in better understanding the business case, impact and considerations for providing fingerprint-based biometric payment cards.

Research from Goode Intelligence sets out the qualitative and quantitative basis for the return on investment from the use of biometric authentication.

For the first time in recent years, credit card fraud -- which remains the highest fraud type for online retailers -- has dropped from 59 percent of total fraud found in the 2016 holiday week to 42 percent of total fraud found in 2017 the holiday week.