Increasing online fraud threatens businesses and consumers, and both are aware of the growing problem. Fraudsters use leaked credentials in 95% of credential-stuffing attacks on retail websites. Automated threats are responsible for 62% of security incidents in eCommerce, with 64% of automated account takeover (ATO)...
As fraud prevention experts work to thwart shadowy foes, the identity data that is central to detecting and stopping theft has other uses that are emerging alongside new fraud-fighting tools. Speaking with PYMNTS for our “Executive Insights Series – The Next Three Years,” Jared Kernodle,...
Fraud has multiple knock-on effects beyond the initial monetary loss, both for businesses and their customers. A recent study identified the potential for fraud incidents to negatively impact both the customer experience and customers’ views of a company. Companies also lose in terms of resources spent...
An interview with Lenny Gusel, former head of cybersecurity solutions at J.P. Morgan and fraud strategy executive at Bank of America, about the implications and effective implementation of advanced payments authentication — Cross-platform ubiquity Plans to implement passkey sign-in across platforms by Google, Microsoft and...
Consumers prefer a user experience that is both convenient and secure, even though 68% said they would choose security over convenience. A consistent authentication experience across multiple platforms also creates trust. As businesses look to create more secure and convenient authentication experiences, advanced identity authentication...
A quick glance at any online discussion board reveals the challenges confronting digital identity, and why we’re so wedded to the plastic driver’s licenses in our wallets. “People say, ‘I don’t like Big Tech getting involved in this at all,’” Tom Donovan, principal solution consultant at...
Digital identity company Prove has launched Prove Auth, a passwordless login and omnichannel authentication tool. According to a Monday (Oct. 24) news release, Prove Auth lets companies reduce their reliance on passwords and one-time passcodes, letting customers authenticate across phones, desktops, and call centers. “Multi-factor...
Digital agreements security company OneSpan and electronic identity company BankID have expanded their partnership to extend digital identity protection covering cross-border transactions to all Norwegian banks. The partnership will bring together an array of digital identity solutions at BankID, which is an electronic ID for...
Payments and API banking solutions startup Cashfree Payments is introducing a tool businesses in India can use for the real-time verification of vendors’ and partners’ Goods and Services Tax Identification Number (GSTIN). GSTIN verification is offered as part of Cashfree Payments Verification Suite that includes...
