2FA

Strong Customer Authentication Drives 4% Decline in UK Fraud Losses
Strong Customer Authentication Drives 4% Decline in UK Fraud Losses
May 23, 2024  |  Fraud Prevention

Financial services industry initiatives helped drive down fraud losses in the United Kingdom in 2023. Criminals stole about 1.2 billion pounds (about $1.5 billion) through...

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NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster Defenses
NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster Defenses
April 17, 2024  |  artificial intelligence

The National Security Agency (NSA) is sounding the alarm on the cybersecurity risks posed by artificial intelligence (AI) systems, releasing new guidance to help businesses...

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43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
April 17, 2024  |  Security & Fraud

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters,...

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Europeans’ Need for Secure Everyday Apps Underscores High Value Placed on Data Privacy
Europeans’ Need for Secure Everyday Apps Underscores High Value Placed on Data Privacy
September 13, 2023  |  Mobile Applications

In today’s digital age, making daily life easier and more productive is the order of the day. That desire for convenience has seen consumers around...

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Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
September 12, 2023  |  Cybersecurity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime...

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Today in Crypto: High School Hacker to Pay $22M in AT&T Case
Today in Crypto: High School Hacker to Pay $22M in AT&T Case
October 16, 2022  |  Cryptocurrency

Twenty-year-old crypto hacker Ellis Pinsky will have to pay $22 million to the victim of his scheme, crypto investor Michael Terpin, Coindesk wrote. Pinsky had...

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Prove Identity Debuts Second-Factor Authentication in Brazil with OZ Corretora de Cambio
Prove Identity Debuts Second-Factor Authentication in Brazil with OZ Corretora de Cambio
October 13, 2022  |  Security & Fraud

Identity authentication services company Prove Identity has begun offering its services in Brazil, with its first customer in the region being OZ Corretora de Câmbio,...

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Google to Start Requiring 2FA on Accounts
Google to Start Requiring 2FA on Accounts
November 03, 2021  |  Google

Google announced that it’s going to be implementing two-factor authentication (2FA) for large swathes of users, according to a Wednesday (Nov. 3) report by Ars...

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Deep Dive: Using Phone Verification And Text Messaging For Secure Checkouts
Deep Dive: Using Phone Verification And Text Messaging For Secure Checkouts
November 26, 2020  |  Digital Onboarding

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. This process requires consumers to provide not only their...

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