Bad actors aren’t just stealing sensitive information; they are hoping to wreak havoc on airport security in the U.S. Fortunately, security players are working to roll out solutions to help stem the tide of bad actors, both online and in the real world.
In the latest Digital Identity Tracker™, PYMNTS explores the latest developments from around the security space, including an interview with Colleen Manaher, executive director at the U.S. Customs and Border Protection and head of entry-exit programs, on the agency's efforts to facilitate speedier and safer entry into the country with facial recognition technology.
Earlier this month, cable company Comcast Xfinity was in the news for accidentally exposing partial home addresses and Social Security numbers of more than 26 million customers, according to reports, thanks in large part to a trio of security loopholes. Comcast joins a long list of companies, including Equifax and Under Armour, that have been targeted by cybercriminals over the last year.
Recent research indicates that nearly 150 billion records will be accessible to cybercriminals and other bad actors via the Dark Web by 2023. Researchers said they expect fraud rates to remain consistent in the coming years, even despite new fraud prevention solutions, regulations and legislations aimed at stopping cybercrime, leading to the increased number of consumer records available online.
To better combat these rising threats, some companies are turning to new partners in hopes of better protecting themselves and their customers.
That includes omnichannel payment services provider Anderson Zaks, which is partnering with Bluefin Payment Systems to add Payment Card Industry (PCI)-validated, point-to-point encryption (P2PE) to its RedCard payment processing system. Similarly, another omnichannel provider, digital banking platform Backbase, recently teamed up with artificial intelligence (AI)-powered ID verification solutions provider Jumio to create new fraud prevention solutions.
To read more on these and other headlines from around the space, check out the Tracker’s News and Trends section.
Security threats aren’t just limited to online platforms. They also impact the physical world.
In the latest Digital Identity Tracker™, PYMNTS caught up with Colleen Manaher of the U.S. Customs and Border Protection to find out more about how and why the agency has invested in biometric technology to secure select entry points to the United States.
The goal, Manaher said, is to change the way travelers enter and exit the country. In the future, she said, international travelers could board a flight bound for the U.S. in another country, arrive in the States, and clear Customs and Border checkpoints without ever displaying a passport or other travel document.
“This is something the government has worked on for a long time,” she said. “We want to change the face of air travel.”
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About The Tracker
The Digital Identity Tracker™, produced in collaboration with Jumio, is a forum for framing and addressing key issues and trends, facing the entities charged with efficiently and securely identifying and granting permission to individuals so as to access, purchase, transact or otherwise confirm their identities.