Just a few months after the discovery of the risk the Heartbleed Bug posed to hundreds of thousands of servers nationwide, a new security bug in OpenSSL encryption was reported and patched yesterday, according to an advisory released by the OpenSSL group. The new bug is the most...
Don’t “over-rule” your fraud system. Don’t let the 95 percent suffer at the hands of the 5 percent who shouldn’t have to. Oh, and think you can substitute good employees for good documentation? Think again. These are but 3 of the 10 fraud solution “no-no’s”...
Hunting down and dealing with fraudsters quickly and accurately doesn’t just mean keeping the fraudsters out – it means knowing what customers need to be allowed in. That’s where having foolproof authentication becomes critical. ThreatMetrix’s new product, Trust Tags, is a “next gen” authentication tool...
The biometrics group at the Idiap Research Institute in Switzerland recently announced that they had found a way to “spoof” a vein recognition device. Previously, vein recognition software was considered to be difficult to hack or spoof. This was because the biometric patterns created by...
Bitcoin’s promising South American development has hit a bump in the road with Argentinian Central Bank having gone and issued a warning on the perils of getting involved with digital currencies. Though bitcoin is not the only digital currency, it is the largest one. The...
In the digital age, data breaches are unfortunately becoming more common. American Express can add its name to the long list of companies affected by hackers getting access to consumers’ personal information. Earlier this week, American Express announced that over 76,000 customers in California would...
BioCatch in late May launched an eCommerce fraud-prevention to that uses behavioral biometric analysis to detect suspicious behavior and authenticate repeat customers. BiometricUpdate.com reports that the system creates a behavioral profile for every customer of an eCommerce site or mobile app. It bases the profile on...
Companies worried about customer backlash from using beacons or other devices for fear that illustrates just how much they know about them may just want to wait it out. Consumers will come around to the reality. At least that’s the suggestions of recent research, where...
Japanese Business Lost $2 M In April 2014 Hack Attacks Japanese banks faced 50 cases of theft from the online accounts of Japanese business in April 2014, with hackers making off with 200 million yen ($2 million). The amount is more than what went missing...
