Our security walls aren’t as high as we think they are. There are holes, and cybercriminals know how to slip through them, undetected. Application fraud has become a number one problem for companies across all verticals. In 2016, more than 25% of identity theft fraud involved the use of stolen information to open new accounts.
The big booths were glitzy and crowded. One was even set up with a spaceship model overhead. Many had seating arranged for presentations and ongoing demonstrations. Coffee, candy, popcorn, all sorts of giveaways.
This blog post is excerpted from a white paper, entitled “Deconstructing the Cyber-Psychology Behind Behavioral Biometrics”. To access the full paper, click here.
BioCatch has been discussing the limitations of two-factor authentication for awhile, not for the purposes of raising alarm bells, but to offer a unique solution on how to provide a clear sense of security throughout an online session where traditional approaches are failing us.