Your New CSO Might Be a Learning Computer That Loves Cats
Pointing Big Data analytics at your network and its users is a rapidly evolving technology synthesis that lets IT respond to threats faster, making your data safer from virus-infected cat photos and other internet dangers. IT security is a dangerous and expensive hellhole. Vast amounts of money are spent protecting company data and networks. Hordes of bad guys are motivated to break in, and the consequences for failure are more painful than the cost of protection.
Don’t Fall for Scammers Latest Tricks
iovation CTO Scott Waddell talks to radio host Tim Hattrick of Komando.com about how phishing, smishing and vishing scams work. The iovation segment starts at 6:30 in the episode titled Don't fall for scammers latest tricks.
Why the Fintech Industry Works in Portland
While exploring the financial technology scene in Portland for this week's cover story, I kept coming back to the same question: Why have these banking, finance and payments firms grown up in a city that is not a center of finance. I came across a couple answers.
Why I Love My European Chip Cards And Why Americans Should Embrace Them
The iovation and Aite Group study found that an average 20% of U.S. credit card and 10% of debit card transactions are chip. Meanwhile, various flavors of fraud – account takeover, card-not-present and application fraud – are skyrocketing, propelled by data breaches. In 2015, the report says, criminals accessed more than 477 million records with online credentials, personally identifiable information and stolen card data.
How to Win the Battle Against Claims Fraud
As insurers drive consumers online and to mobile apps to service their insurance needs, the likelihood that fraud will seep into their books will inevitably increase. Tristan Prince explains how to shut potential fraud out at the front door.
Fastest Growing ID Theft Targets Kids’ Information
Synthetic ID theft makes up 80 percent of all credit card fraud. Retailers have improved at spotting and stopping traditional ID theft. So the bad guys are moving on. And instead of stealing real credit accounts, they're putting real people's information together, to create new credit card accounts.
iovation Wins Industry Award for Passwordless Solution
iovation has been declared a Gold winner in the category of Authentication (Two-Factor) – Innovations in The Golden Bridge Awards, a San Francisco-based industry promotion event. The awards ceremony will take place on September 12th. The company won for its Customer Authentication service, which enables passwordless authentication for low-risk account access by recognizing trusted user devices.
Things a Criminal Could Do With 9 Million Hacked Health Care Records
What can a fraudster do with medical records stolen from several health care organizations? Last weekend, a hacker advertised over 600,000 alleged records for sale on the dark web. Then on Monday, the same hacker listed around 9 million supposed health care insurance details.
iovation Appoints Authentication Expert as EVP of Global Sales
iovation has announced it has appointed Tom Pak as its executive vice president of global sales, to help support the demand for iovation’s passwordless security solution. Tom Pak has served in various executive sales and business development roles over the past two decades for publicly traded and privately held authentication, identity, security and financial services companies.
What Home Depot’s Chip-and-Pin Lawsuit Means to You
The news last week that Home Depot is suing MasterCard and Visa for allegedly forcing consumers to use unsecure credit cards raises the question: Wasn’t the whole point of the new chip-embedded cards to make payments safer? Given the delays the chip scanners are causing at checkout counters, you’d certainly hope so. Michael Thelander, a product manager at the security firm iovation said, “Switching the world's largest, most distributed, and most fragmented credit card market to a chip-and-PIN plan would have been horrifically complex and expensive,” he wrote.