Discussion will take place at Opus Research’s Intelligent Authentication Conference
iovation, the provider of device intelligence for authentication and fraud prevention, today announced it will participate on the panel “Authentication in the Age of IoT” at Opus Research’s Intelligent Authentication Conference. During the discussion, Tristan Prince of iovation alongside Chuck Buffum of biometrics firm Knurld will field questions from Dan Miller, founder and lead analyst at market research firm Opus Research. The session takes place on April 27 at 2pm BST at London’s Grosvenor House.
“The analyst firm Gartner has forecasted that over 20 billion Internet of Things (IoT) connected devices will be online by the end of this decade,” said Prince. “While these devices are already transforming and simplifying the way we live, their connectivity also introduces many potentially dire security consequences. The critical challenge facing IT, security, and fraud prevention teams today is enabling these devices to offer a transformational customer experience while still ensuring security. Authentication is the linchpin technology in achieving this balance.”
Digital commerce originates from a wide array of IoT devices, which offers consumers convenience but introduces unique fraud risks. In response, a combination of authentication factors—like location, voice and facial recognition—have been implemented to rapidly recognize consumers and streamline the online experience. In this session, Prince and fellow panelists will provide data about how authentication has become the foundation of trusted online commerce. They will present concrete examples about how friction-free, passive, continuous authentication extends that trust from the digital to physical world via the billions of connected devices in homes, cars and public spaces.
Some of the other topics that Prince will address include:
- The latest trends in fraud and identity theft
- New statistics on how fraudsters infiltrate connected devices
- New threats associated with IoT
- Where device authentication can be utilized to substitute for passwords during transactions
iovation’s Customer Authentication service reduces friction while enhancing site security. It allows consumers with “known good devices” instant passwordless access to low-risk sections of consumer accounts—like account balances, shopping records and activity histories. If needed, it triggers step-up authentication like one-time passwords for higher risk actions like account changes, money transfers or purchases.
For more details about this panel and other upcoming iovation speaking engagements, go to https://www.iovation.com/news/events.
TransUnion Global Fraud & Identity Solutions unite both consumer and device identities to detect threats across markets while ensuring friction-right user experiences. The solutions, all part of the IDVision with iovation suite, fuse traditional data science with machine learning to provide businesses unique insights about consumer transactions, safeguarding tens of millions of transactions each day.