The Philosopher Hericlitus once opined – “You can’t step in the same river twice,” implying that no concept remains static but is always churning and evolving.

In a recent Security webinar, How You Can Turn Security Training and Awareness into Action, Pieter Danhieux, Co-Founder and CEO of Secure Code Warrior, says there are 111 billion lines of code written by an estimated 22 million developers every year. “Building code is like building a house. If you do everything well, you end up with a beautiful, modern and secure house,” says Danhieux.

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.

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