As mobile has pushed deeper into enterprises, there is a growing recognition that it may be possible to run significant parts of businesses from relatively small devices. - Veridium CTO John Callahan offers insight on why mobile biometrics are such an important part of this trend.
Stop cyber-attacks before they happen: three easy hacks
Consider this terrible dichotomy: While the average person’s application count has gone up significantly, corresponding end user cybersecurity measures have gone up little, if at all. Between the app store, social channels and the multitude of devices in use, a person’s threat landscape – the number of points from which a hacker could target them – has increased dramatically. As a result, the end-user is enormously reliant on enterprise and application providers to keep their data secure when they use these apps.
The Problem Biometric Authentication Solves for Financial Services
Both the frequency and impact of data breaches are rising, but this is especially apparent in the financial industry. In fact, the number of data breaches tracked in the United States in 2016 hit an all-time high, with an estimated 1.5 billion people affected. This increase in data breaches clearly demonstrates how antiquated existing identification security is. Passwords, PINs, and physical ID cards simply aren’t working.
Enterprise Cybersecurity Is Like Building Castle Walls, But Everyone Has A Key
Your company’s systems and network are like a medieval fortress. You’ve built your stone walls, lined them with archers and prepared your pikemen for the threat of an invading force, only to discover the enemy has already infiltrated and killed the king. Why spend all that time strengthening the fortress walls, then giving everyone a key to the castle?
Cyber Matters: Biometric Security Becoming More Widespread
The value biometrics can bring to an organization should not be discounted due to questionable implementation on a single device; the technology has much to offer over current solutions. By requiring legitimate users to use a fingerprint or an iris scan to open a device or account, the logic goes, organizations can make it more difficult for hackers to access sensitive information. Veridium CEO James Stickland discusses biometric authentication with the Wall Street Journal.
EU encryption backdoor options for messaging apps set for June
The European Commission plans to unveil "three or four" approaches that would give law enforcement access to encrypted messaging application data in June. Those options will range from voluntary cooperation to enacting laws to require messaging providers to open encryption backdoors to law enforcement authorities. However, many experts, like Veridium CPO John Spencer, believe such legislation is unlikely to come to pass.
From Scotland Yard to touchless authentication – fingerprinting makes its mark
While biometrics is still an emerging field of study, its most recognizable application – fingerprinting – is anything but. Artifacts and records show that cultures like ancient Babylon used fingerprints for business transactions, and there is documented evidence from 14th century Persia of people being identified via their fingerprints.
A recent study here in the UK found that the number of identity fraud cases in 2016 was the highest it has ever been, and honestly, I’m not surprised. The rise in fraud and the targeted demographics (younger consumers) shouldn’t come as a surprise to anyone who works in cybersecurity, identity and access management, or financial services. And the reasons why shouldn’t either.
Ahh passwords, you’ve seen better days. Many fondly recall entering in their anniversary date, dog’s name, or “password” for banking, email, health plans and so much more. But as the years went on, it became cumbersome. The dog died, perhaps the relationship too, and legions forgot their “password”. Then came answering a skill-testing question, or phoning into a customer service center somewhere to prove you are who you claim to be. But before we can truly bid adieu to passwords, the masses have to be convinced there is a better alternative.