In 2017, a record-breaking 16.7 million consumers experienced fraud or identity theft. And fraud rates are only continuing to rise, according to the latest Javelin report, 2018 Identity Fraud: Fraud Enters a New Era of Complexity. In particular, account takeover attacks, one of the biggest sources of fraud for businesses, saw exponential upward growth. Last year, instances of account takeover fraud hit a record high, nearly tripling over 12 months.
Identity, biometrics, and authentication took center stage at the world's largest payments & financial services innovation event
This blog post is excerpted from a white paper, entitled “Deconstructing the Cyber-Psychology Behind Behavioral Biometrics”. To access the full paper, click here.