The gig economy has exploded, especially in the wake of the COVID-19 pandemic. According to the Bureau of Labor projections, the portion of gig economy workers will increase to 43% in 2020. Among millennials, 40% have identified as participating in the gig economy.
As the Coronavirus outbreak spreads globally, users are beginning to change their digital behaviors. BioCatch collects data to protect a large number of online users with behavioral biometrics, and has been observing some interesting trends across many geographies. One emerging trend, not surprisingly, is an increase in the use of Remote Access.
As we head into the new year, BioCatch’s Chief Cyber Officer, Uri Rivner, has looked into his crystal ball once again for our annual cybercrime and fraud predictions blog. In 2019, Uri’s predictions proved to be incredibly prescient. You can review Uri’s 2019 predictions here.
Well – maybe I’m a bit biased as I’m chair of FraudCON, but I think all who attended FraudCON 3.0 held June 27th as part of Tel Aviv Cyber Week 2019 would agree it was an amazing event. Over 800 people have registered, the hall was packed with fraud fighting professionals, and the content was truly inspiring.
Heading into the new year, everything from your washing machine to your mobile banking app will be a potential source of fraud risk. It’s the challenge of living and doing business in the age of digital transformation. As our day-to-day lives becomes more convenient through all that technology has to offer, fraud becomes simpler for cyber criminals.
Last month Apple revealed a cool feature in iOS 12 security: the device will scan incoming SMS messages for One Time Codes, used for 2FA, and then suggest those codes as an auto-fill function when relevant.