81 Results from 2019, /security
Retired Member
Online gaming industry is growing, and data says there will be 820 million online gamers in 2023*, that's an increase of over 26 percent compared to 2018. One of the key challenges that industry faces is allowing verified, age appropriate users to indulge into online gaming and protect underage users from accessing age restricted content. Regulato...
03 November 2019 /security
Chris Holmes Senior Vice President at KAE Consulting
Financial services providers have been using Artificial Intelligence (AI) and machine learning for a range of operations, including credit underwriting and conversational banking. However, one use case that has emerged as a priority for the industry is linked to the better management and prevention of fraud. Reports of fraudulent activity in 2019 ...
23 October 2019 /ai /security Artificial Intelligence and Financial Services
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
Financial services remain a favoured target of skilled cybercriminals, which has left the industry scrambling to keep pace. Yet, if we consider the recent advancements in technologies such as artificial intelligence and the pressing reality that fraud is likely to become more targeted, could fraud actually be calculated and predicted? There’s no d...
17 October 2019 /security Banking Strategy, Digital and Transformation
Not only do people not like using passwords, but there’s consensus in the identity and access management space that they are not the most secure way to protect data. Look at this year’s Verizon Data Investigations Breach Report, which found that 32 percent of the nearly 42,000 security incidents covered in the report involved phishing and 29 perce...
15 October 2019 /security
Fraud has reached the highest levels on record, affecting more organizations than ever. The scale of the problem was revealed in last year’s PWC Global Economic Crime and Fraud Survey. Of the 7,228 businesses contacted by PwC, across 123 territories, 49 percent reported that they had experienced fraud or economic crime, over a two-year period. Mod...
01 October 2019 /ai /security Artificial Intelligence and Financial Services
Paul Shumsky Technology Advisor at Entrepreneur
While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, and news articles focus primarily on the ‘pros’ (and occasionally exaggerate the positive impact Blockchain technology can have) without mentioning or ...
27 September 2019 /security Transaction Fraud Systems and Analysis
Mike Kiser Senior Identity Strategist at SailPoint
As I strode quickly off the plane I had taken back to the US and towards customs recently after an international trip, I reached into my satchel. Like the rest of humanity, I did not want to spend any more time in the airport than necessary, so I extracted my passport and scanned for an open machine to start the scanning process. Instead of prompt...
25 September 2019 /security /regulation Banking Regulations
Regulators put little trust in the strength of the current payment authentication system and rightly so, as fraud levels have hit an all-time high. In the last year, over 2.6 million UK accounts have been defrauded and of those fraud cases 76 per cent were remote purchases. It is estimated that overall, Europe suffers from a staggering €1.3 billio...
17 September 2019 /security /payments Banking Regulations
There’s nothing quite like an impending deadline to shake you out of summer holiday mode – and PSD2, due to come into force on September 14th, is a significant one. Whilst the FCA recently confirmed an 18-month delay to the Secure Customer Authentication (SCA) aspect of the directive, PSD2 is about so much more than multi-factor authentication. It ...
13 September 2019 /security /regulation Open Banking
Keith Stonell Managing Director, EMEA at Guidewire
Cyber-attacks are hardly new news, but they are an ever-changing threat. The cyber landscape does not stand still for long, and with each new technological innovation, hackers find new vulnerabilities to exploit for their benefit. Even with existing technology, hackers never cease to find new ways or loopholes for intrusion. The threat is coming f...
11 September 2019 /security /regulation Fintech
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.