Identity theft

NICE Launches Real-Time Solution to Thwart Fraud Attempts in the Contact Center

NICE Systems (NASDAQ: NICE) launched its Real-Time Fraud Prevention solution, which enables contact centers to detect and prevent fraud in real time using voice biometrics and both speech and desktop analytics. The solution instantly identifies 90 percent of fraudulent callers in the first few seconds of a call, enabling organizations to quickly investigate unauthorized transactions before they are completed.

ImageWare Systems To Showcase GoMobile Interactive Multi-Modal Biometric Cloud Identity Management Services For Mobile Retail Payment

01/10/2014 | 08:30am US/Eastern Recommend: SAN DIEGO, CA–(Marketwired – Jan 10, 2014) – ImageWare Systems, Inc. ( OTCQB : IWSY ) (IWS), a leader in mobile and cloud-based, multi-modal biometric identity management solutions , will showcase its next-generation cloud identity management and authentication service, GoMobile Interactive™ (GMI), at Retails BIG Show, the National Retail Federation 103 rd Annual Convention & EXPO. The event will be held at the Jacob Javitz Convention Center in New York City on January 13-14, 2014, and ImageWare will be in the Fujitsu booth 3319. "In 2012, the United States saw more than 12 million identity fraud victims at a dollar cost of $21 billion, with the average financial loss per identity theft totaling $4,930," said Jim Miller, chairman and CEO of ImageWare Systems. "Worldwide mobile payments are expected to become a $400 billion market by 2015 and retail businesses will be at the forefront to protect themselves and their consumers. We are pleased to demonstrate such an important service and technology at Retail’s BIG Show with the IT security industry’s most reliable form of identity theft protection for accessing their gateway accounts via desktop and mobile devices." GoMobile Interactive (GMI) is a cloud-based, multi-modal biometric mobile identity management solution that enables messaged based unparalleled identity verification for existing and new mobile banking, mobile wallet, and other mobile applications that require a next-generation method to automate and verify the identity of the customer. GMI ensures fraud protection now at risk though legacy services and verifies […]

Biometric Technology: Curbing Fraud In Banks

biometric Mukosha mulenga By MUKOSHA MULENGA BANKS and other financial institutions hold the key to one of our most treasured assets: our money. Most banks are now looking at using biometrics to protect against identity fraud and comply with government regulations. The use of biometric technology is becoming widely recognised in the banking industry as a viable means to prevent identity fraud, safeguard data, improve ease-of-use, and save money from lost or stolen passwords. When you consider that approximately 84 percent of bank fraud is committed by in-house staff, or that nearly 40 percent of all help desk calls are for forgotten passwords, it is no surprise that many banks are turning to biometric technology for increased security and convenience.  Banks therefore now have the challenge of integrating fingerprint functionality into existing in-house applications or their core banking applications. Banks can use solutions such as ) from M2SYS, for safeguarding enterprise data and reducing costs. EBS supports active directory, and can enable banks to secure login to their network and replace user names and passwords with something that you cannot share, lose, or forget: Your Fingerprint! With an ever-increasing number of security breaches, the pressure on banks to implement methods of password management, identity management, data and network security, and two factor authentication has never been stronger. The sharing or theft of user passwords still remains the most popular reason that corporate data is compromised. Biometrics solves this problem by allowing businesses and banks to implement a centralised biometric […]