Device ID was one of the first methods organizations used to prevent fraud and authenticate users. It’s still in widespread use, but device authentication isn’t nearly as strong an identity solution as many think.
Cybercriminals are using new attack vectors and techniques, and the epidemic is reaching all four corners of the earth. Digital fraud in APAC, in particular, is set to be a rising threat. In this Q&A, Richard Booth, BioCatch Head of Sales in APAC, shares his thoughts on 2018 cybersecurity trends in the Asia-Pacific region, with a special focus on Australia.
Balancing fraud risk with the cost of information security investments is one of the toughest challenges chief financial officers (CFO) face. CFOs need to invest in technology that stops fraudsters and protects company assets, but budget challenges don’t allow for unfettered spending.
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.
In recent years, the global financial sector has experienced a significant surge in new types of fraud and cybercrime. Breaking it down to geographic regions, we see that these dynamics are influenced by a wide array of factors such as the political setting, financial practices, IT structures and the regulatory environment.
Peer to Peer payments have been around since the early days of digital commerce, and mobile P2P passed the $120 billion mark last year. One in three American consumers use P2P apps to make instant payments to friends, relatives, service providers, or anyone they owe money.