Javelin Strategy & Research released The 2018 Identity Fraud Study which found that despite industry efforts to prevent identity fraud, fraudsters successfully adapted to net 1.3 million more victims in 2017, with the amount stolen rising to $16.8 billion. Javelin believes that consumers who exercise good online security habits can minimize their risk and impact of identity fraud. Here are five recommendations for consumers to follow.
Zwipe, a global leader in biometric authentication technology, today announced that it has joined the aptiQ® Alliance Program, a collaborative group of global companies that support Allegion’s aptiQ smart card technology to create an ecosystem of open, highly secure solutions. Zwipe can now provide aptiQ customers with biometric authorization using their presently installed aptiQ card readers. aptiQ users will be able to authenticate themselves directly on the Zwipe biometric card without adding a biometric reader to existing aptiQ® multi-technology card reader systems.
It’s evident that the majority of security installations are becoming more and more complex. No longer content to monitor and manage separate access control, fire alarm, video surveillance, intrusion, and HVAC control systems, corporate security and technology managers want to consolidate and integrate various disconnected security and facility management systems. At a dramatically increasing pace, the Information Technology department is leading the initiative, particularly given the trend toward convergence of physical and logical security systems.
All of the recent news reports about the mishandling and hacking of card information has made both consumers and institutions more leery of using a card only to verify the card holder, especially at openings that need a higher level of security. There is an increasing demand for an affordable way to use biometrics to authenticate the card holder without having to replace already-installed readers and equipment.
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 […]