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Authentication/Fraud/Identity Theft

Need to Log In? Let Me Take a Selfie

London, U.K. // www.jumio.com

New video-selfie technology is available from Jumio, an AI-powered identity as a service provider. The secure and rapid authentication method is ideal for account logins and high-risk scenarios (e.g., logging in from a foreign IP address or authorizing high-risk transactions such as wire transfers and online purchases).

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Payments Innovations and Implementations Should Put CX First

Payments have transformed from a simple exchange of currency to the facilitator of more secure and seamless shopping, buying and traveling experiences, industry executives shared last week at Secure Technology Alliance’s 12th Annual Payments Summit. The Summit, held jointly with the U.S. Payments Forum Member Meeting, brings together industry experts looking to find new ways to overcome challenges impacting the adoption, security and usability of emerging and developing payments technologies.

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Consumers Are on Board with Increased Mobile Security

With mobile transacting such as peer-to-peer payments, m-commerce purchases and bill pay on the rise, a recent survey from Atlanta-based Entersekt, a mobile-first fintech provider, focused on uncovering where security and authentication fall on the spectrum of concern for today’s mobile-driven consumers.

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Need a Way to Educate Your Customers About Phishing?

If you’re looking for a way to educate your customers about Phishing attacks, the American Bankers Association Foundation, in collaboration with the Federal Trade Commission, has released an infographic aimed at consumers. According to the FBI’s Internet Crime Report, victims lost nearly $30 million due to phishing scams 2017 compared to only $8 million two years earlier.

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Consumers Shoulder Brunt of Fraud Burden

Complex and sophisticated fraud types remain at elevated levels, despite widespread adoption of anti-fraud measures. The recent shift to EMV cards is helping to contain existing card fraud, which showed the steepest decline of any fraud type in 2018. Yet, while existing card fraud losses dropped from $8.1 billion in 2017 to $6.4 billion and the incidence fell from 5.47 percent to 4.40 percent, high-impact fraud types like account takeover and new-account remain alarmingly common, found Javelin Strategy & Research’s 2019 Identity Fraud Study — statistics the firm maintains demonstrate that fraudsters continue to find and compromise new targets.

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