Two Factor Authentication news and trends

Strong Customer Authentication Drives 4% Decline in UK Fraud Losses

May 23, 2024
NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster Defenses
artificial intelligence // April 17, 2024

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 protect their AI from hackers.  As AI increasingly integrates into business operations, experts warn that these systems are particularly vulnerable...

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

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, they must find and employ fraud prevention tools that do not disrupt consumer transactions.  When compiling “Fraud Management in Online...

AT&T Breach Demands Vigilance as Fraudsters Leverage ID Data, Says Intellicheck’s Lewis
Security & Fraud // April 02, 2024

The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has yet to be felt. And changing passwords is a start, but by no means will it solve the problem. Bryan...

WhatsApp to Allow Simultaneous Logins for Multiple Accounts
Meta // October 20, 2023

WhatsApp is introducing a new feature that will allow users to have multiple accounts logged in at the same time, according to an announcement on Meta Thursday (Oct. 19). This means that users can easily switch between accounts, such as work and personal, without having...

Interviews & Exclusives
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud

April 17, 2024
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, they must find and employ fraud prevention tools that do not disrupt consumer transactions.  When compiling “Fraud Management in Online Transactions,” a collaboration with Nuvei, PYMNTS Intelligence found that 82% of […]

AT&T Breach Demands Vigilance as Fraudsters Leverage ID Data, Says Intellicheck’s Lewis

April 02, 2024
The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has yet to be felt. And...

Biometrics and Smartphones Make Life Without Passwords a Reality

February 15, 2023
Thus far into 2023, “passwordless” remains among the buzziest of buzzwords in identity authentication. Nicole Jass, chief product officer at Prove Identity, told PYMNTS that despite the burgeoning popularity of...

Stemming The SIM-Swapping Tide In Fraud Friendlier Times

April 22, 2020
While being the victim of fraud is never good, there is something to be said for at least being able to identify where exactly one went wrong. Clicked the wrong...

Quick Reads
Strong Customer Authentication Drives 4% Decline in UK Fraud Losses

May 23, 2024
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 fraud that year — a figure that was down 4% from 2022 — UK Finance, a trade association for the banking and finance industry, said in a Wednesday (May 22) press release. […]

WhatsApp to Allow Simultaneous Logins for Multiple Accounts

October 20, 2023
WhatsApp is introducing a new feature that will allow users to have multiple accounts logged in at the same time, according to an announcement on Meta Thursday (Oct. 19). This...

Chinese Hacking Attacks Take Down 2FA

December 24, 2019
In a recent series of attacks, security researchers claim they have found indications that a hacking group linked to the Chinese government has been going around two-factor authentication (2FA). The...

Facebook Will Stop Using Phone Numbers For Friend Pushes

December 24, 2019
In its ongoing attempts to fix its privacy standards, Facebook will no longer use phone numbers to determine who one sees on their “people you may know” list, according to...