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Biometrics for payments: what are the key trends?
Isabelle Moeller, Chief Executive of the Biometrics Institute, gives her views on the key market trends in biometrics including border management and financial services.
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Fraud wars: how can biometrics help win the card fraud battle?
Fraud and fighting fraudsters is a complex and ever-evolving challenge. As consumers change the way they pay, fraudsters change the way they steal. For banks to keep up, these new battles require new tactics to minimize losses and reassure consumers. The rapid adoption of contactless payment cards has given rise to one such ‘new battle’, [...]
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Fraud fears rise as cashless society becomes reality
Despite well-reported reductions in the use of cash across the country, new research from international legal practice, Osborne Clarke, reveals that UK consumers are now more concerned than they were a year ago about incidents of fraud and security breaches should mobile payments completely replace cash in the future. UK consumers have been open to [...]
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Viewpoint from the Biometrics Institute – Spoof or proof?
The security of biometrics technology is in the spotlight and stakeholders must take a balanced view on its strengths and vulnerabilities. As deployments proliferate, the technology’s credibility rests on the industry’s will to collaborate globally – writes Isabelle Moeller, Chief Executive, Biometrics Institute. The Oxford English Dictionary offers two definitions for the verb ‘spoof’: ‘To make [...]
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Are banks using the best biometric security systems available?
Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a bank for several hours in Brazil by cyber criminals. The takeover of the bank started with a spear phishing attack. Next, the cyber criminals used [...]
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