Authentication

The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.

Palm scanners for employee log-ins has not only increased data security, but it's also cut down the time employees were spending on authentication procedures.

Amid a series of breaches, banks and payment services companies would be far better served by building solutions and programs that work toward instilling consumer confidence, instead of creating situations that continually erode trust, writes Madeline Aufseeser, CEO of Tender Armor.

There is a greater likelihood of an individual clicking on a piece of malware via a mobile device than a laptop, and this, in turn, provides issues for the amount of single sign on applications, writes Ryan Wilk, vice president of customer success at NuData Security.

Until recently, many of the fraud prevention tactics employed by organizations have added to, not reduced, customer friction across the buying cycle, writes Michael Lynch, chief strategy officer at InAuth.

HSBC has been implementing biometric techniques for customer authentication, including voice recognition and Touch ID.

With more vendors issuing EMV cards, cybercriminals are turning to cart-not-present fraud as a way to defraud consumers. A mix of weapons is necessary to counter it, writes Robert Capps, authentication strategist and vice president at NuData Security.

As long as we can create enough trust between the parties involved in a payment transaction, the system works, writes Francis Limousy, principal adviser for UL Transaction Security Advisory Services.

London-based Jumio has partnered with Plynk, a consumer messaging app available to consumers in Europe, for verifying new customers’ identities during the onboarding process.

Consumers who either are tiring of the password overload, or those who understand that passwords are antiquated security, are driving the fair amount of biometric adoption, writes Michael Lynch, chief strategy officer at InAuth.