Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.
In the past 12 months, roughly one in three targeted attacks resulted in an actual security breach, which equates to two to three effective attacks per month for the average company.
Visa’s Biometric Paymentsstudy, which surveyed 14,000 people across Europe, revealed that 73 percent of people think biometric security checks on a payments device is a secure authentication, with fingerprint the preference for 81% of consumers, followed by iris scanning.
Organizations across America are facing unprecedented challenges in building effective, manageable security programs in order to protect the wide array of sensitive data they are responsible for keeping safe.
It’s hard to believe that over a decade has passed since PCI DSS (Payment Card Industry Data Security Standard) was first introduced in 2004 as the information security standard for organizations that store, process or transmit cardholder data. Although it’s become a mature industry standard, two problems remain.
Corporate entities and retailers are scrambling to shore up network security by addressing the primary vulnerability of network security: the login. Unique “behavioral” biometric may be the solution.
Staggering numbers from security experts suggest that over 95 percent of all corporations have experienced a data breach of some kind – many of which can go undetected for months or years.
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