The Friday Five — May 27, 2016

36_86_ColorCNPExpo: We came, we discussed, we demo-ed. We even had time to find some news from outside the Loews Royal Pacific Resort and Universal Orlando. Next up, you’ll find us closer to home in Village36 at 36|86South. Hope to see you there!

Don’t get frustrated when it’s time to binge watch previous episodes of OITNB before the new season starts. Authenticate your service and chill. Authentication is key to much online programming

Being from Nashville, we know a thing or two about two-stepping. We also know a thing or two about two-factor. We’ll gladly demonstrate our two-factor moves, but please don’t ask us for dance lessons. Should two-factor authentication let me verify via a single device?

As mobile usage increases, so does the need for authentication solutions. Increase in Online Transactions Predicted to Fuel the Global Advanced Authentication Market Through 2020, Says Technavio

Smile and say “pay.” Will “selfie pay” and other biometric verification methods eventually replace the password? Authentication by ‘selfie’ – Will MasterCard bring a smile to the payments world? How secure is it and how has the market responded

Lots of good info was shared at last week’s CNPExpo. Since not everyone could attend, and some attendees had to leave early, we’re sharing the Day 3 wrap-up. CNPExpo – Day 3 Roundup

 

 

 

 

mSIGNIA Named by Gartner as a 2016 “Cool Vendor” for UEBA, Fraud Detection and User Authentication

NASHVILLE, Tenn. May 23, 2016 – mSIGNIA, the inventor of digital biometric technology and a leader in frictionless user authentication, today announced it has been named a “Cool Vendor” in the 2016 Gartner Cool Vendors in UEBA, Fraud Detection and User Authentication1 report. According to Gartner, advanced analytics is becoming a widely used mechanism for improvement of fraud detection and identity assurance and provision of adaptive access based on dynamic factors and variables.

“We believe mSIGNIA’s selection as a Cool Vendor establishes that online services and users are ready for an authentication method that does not sacrifice confidence for convenience,” said Paul Miller, CEO of mSIGNIA.

Online service providers, including financial and payment services and e-commerce, face the challenge of preventing fraud without adding friction to the transaction process. By applying dynamic data analysis to learn how data stored on a user’s smartphone is used and changes over time, mSIGNIA creates the user’s digital biometric profile. When deployed as the first method of authentication, the profile can be safely and easily recognized on any device, reducing the need for passwords.

To access the complete 2016 Cool Vendors in UEBA, Fraud Detection and User Authentication report, visit Gartner.com.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1Gartner “Cool Vendors in UEBA, Fraud Detection and User Authentication, 2016” by Andrew Walls, Brian Reed, Avivah Litan, Sandy Shen and Craig Lawson, 02 May 2016.

 

The Friday Five — May 20, 2016

fingerprint-257038_1280We’re heading off to sunny Florida next week for the CNPExpo! If you’re going, stop by Booth #316 and say hi. Or, you can watch from afar as CEO Paul Miller will join in a panel discussion on mobile fraud challenges and CTO George Tuvell will demonstrate our Frictionless 2FA Authentication. Demo attendees will also have a chance to win an Apple Watch. Hope to see you there.

Windows 10 says goodbye to passwords, hello to biometric authentication. Windows 10 authentication options leave passwords behind

The National Cybersecurity Center of Excellence (NCCoE) is working on a project to reduce online retail fraud in the U.S. The goal? To reduce the risk in e-commerce transactions by employing multi-factor authentication using existing web analytics and contextual risk calculation. Cybersecurity experts consider standards for multi-factor authentication in the retail sector

“If an organization doesn’t do anything with the contextual data that mobile devices … provide, that data is useless.” We couldn’t agree more. Mobile apps should rely on contextual data, analytics

If Santa didn’t fulfill your wish list, did you just buy it for yourself online? If so, you helped online sales grow more than 15 percent for Q116. US ecommerce reaches USD 86 bln in Q1 2016

Is banking by biometric better? As mobile banking enrollment increases, there’s a lot of buzz about biometric login. Rise of Mobile Banking Lifts Biometrics Support in New Report

 

 

 

Opinion: Online fraud is soaring—is there any stopping it?

code-707069_640The Daily Dot: New technologies are helping to detect online fraud and protect users. CEO Paul Millers says fraudsters can run to online and mobile, but they can’t hide from their own digital biometric. Read more …

The Friday Five — May 13, 2016

friday-820962_1280Happy Friday the 13th! If you’re superstitious, you could try to protect yourself from online fraud by not using your mobile device under a ladder, throwing salt over your shoulder before you make a purchase, or just avoid going online today. Or, you could use unique, strong passwords for each online account and enable multi-factor authentication. It’s up to you. While you’re thinking about that, catch up on this week’s news in authentication, fraud and related topics.

For every action, there is an equal and opposite reaction. In other words, as POS fraud is projected to go down, online fraud is projected to increase. A lot. The balance of preventing fraud while providing a positive user experience continues. Report: Businesses to Lose $7.2 Billion to CNP Fraud by 2020

The bigger the bank, the more patents pending, particularly in areas such as mobile and analytics. Why? Because they can. As J.P. Morgan’s Andy Cadel, general counsel for technology, intellectual property and information security, points out: “If we invent something and we file a patent, that means no one else can patent it. We don’t want to find ourselves locked out of using our own invention.” Big Banks Stake Fintech Claims With Patent Application Surge

Sticks and stones may break your bones, but a stolen identity can really hurt you. Report: Nearly 20% of U.S. Consumers Would Rather Break a Bone than Have Identity Stolen

As more of us choose to purchase online, instead of stand in line, authentication has to change to meet the needs of the merchant and the consumer. The Future of Online Payment Authentication

Watch any “police procedural drama” on TV and you know someone can lift your fingerprint from almost any surface and recreate it. Some people have too much time on their hands. The rest of us need to consider what this means for biometric authentication. Enterprises Must Consider Privacy Concern For Biometrics

 

mSIGNIA to be visibly present at CNPExpo

CNPExpoFrom an awards nomination to a panel discussion to a demo of our frictionless 2FAauthentication solution, we’ve got this month’s CNPExpo covered!

  • Award Nomination. We’ve been nominated in the new category for Best Identity Verification and Authentication Solution. The award goes to the provider or solution that most effectively authenticates and verifies the identity of cardholders in a card-not-present (CNP) environment through directory services, two-factor authentication, 3DSecure or other means. Two awards will be presented: Judges Choice, selected by a panel of several top retailers and card-not-present industry veterans, and Customer Choice, selected by customers and users of the various products and solutions.
  • We’ll be exhibiting and giving one-on-one demos in Booth #316. Exhibit hall hours are:
    • Tues., May 24: 10 a.m. – 7 p.m.
    • Weds., May 25: 10 a.m. – 4:30 p.m.
  • Panel discussion. CEO Paul Miller will join other industry experts for a panel discussion on the different challenges in mobile fraud. Online mobile payment transactions—both in-app and mobile Web—and associated fraud are on the rise. The panel will discuss how mobile fraud is perceived, how it differs from other forms of CNP fraud, how it affects native apps and mobile websites and how to fight fraud in each channel. Catch Paul and the panel on Weds., May 25 at 4:15 p.m.
  • Demo and Giveaway. CTO George Tuvell will present a demo of our frictionless two-factor authentication solution on Weds., May 25 at 1:20 p.m. He’ll show you how mSIGNIA can reduce fraud and the use of unreliable passwords by applying our patented, privacy-compliant technology that analyzes behavioral data over time to create a user’s digital biometric profile so the user can be recognized across any device. Everyone who attends our demo will be eligible to win an AppleWatch®!

The Friday Five – May 6, 2016

We’re skimming the news on authentication and fraud to give you the info that rises to the top. Here’s this week’s Friday Five:

As online sales fraud goes down, rejected orders are going up. More companies are looking at implementing 3Ds and two-factor phone authentication as fraud prevention techniques. E-retailers cut their fraud rate, but turn away more good customers

If the forecasts by Juniper Research are correct, e-tailers are going to need better fraud prevention as chip and PIN cards drive the bad guys online. Online transaction fraud on rise – study

Are your complex passwords “hiding” on sticky notes around your computer? Or have you just given up and actually use “password” for your password? It’s time to make the password unforgettable. And the Password Is…Password!

Behavioral authentication, digital biometric. Tomato, tomahto. Either way, when it comes to authentication, no one knows you like your smartphone. Behavioral Authentication: Your New Best Friend

To log in or not to log in? When it comes to mobile commerce, the answer isn’t clear. Shoppers are left to weigh the convenience vs disclosing personal information. Should Retailers Require Mobile Shoppers To Log In?

 

 

mSIGNIA Receives Patent for Digital Biometrics™

NASHVILLE, Tenn. – May 2, 2016 – mSIGNIA, the inventor of digital biometric technology and a leader in frictionless user authentication, today announced that the United States Patent and Trademark Office has issued US Patent 9,294,448 covering digital biometric technology. This is an extension of mSIGNIA’s previous US Patent 8,817,984 on cryptographic security functions based on anticipated changes in dynamic minutiae.

mSIGNIA’s privacy-compliant technology analyzes a user’s data and how it changes. This user data — such as music, contacts and calendar — is synchronized across the various devices a user may have.  Because user data is independent of a device, it is less a device fingerprint and more a digital biometric that represents the user. A user’s digital biometric can even be verified when the user gets a new device; this combats malicious account takeover which can lead to fraud and an invasion of a user’s privacy.

Verify users with digital biometric technology

“The combination of the data a user amasses and the way their behavior changes that data, is a new and innovative way to recognize the user,” said Paul Miller, CEO of mSIGNIA. “When online services use mSIGNIA’s digital biometric platform as the first method of authentication, it reduces the need for other authentication methods that can disrupt the user experience.”

Financial services companies, ecommerce and online service providers, including corporate IT departments, are switching to multi-factor authentication. Today, that often includes using a device’s serial number or a user’s fingerprint; when these are not available, the online service must revert to awkward login processes like passwords or codes sent via an SMS message. mSIGNIA’s digital biometric provides a reliable, invisible recognition of the user so online services do not have to sacrifice confidence for customer convenience.

About mSIGNIA

mSIGNIA provides safe, customer-friendly authentication using patented data analytics that can recognize a user by their data, or digital biometric, across any device including new devices. The mSIGNIA iDNA platform provides online services with a privacy-compliant digital biometric and sophisticated mobile app security to identify users, recognize devices and reduce fraud, all while improving the customer experience. mSIGNIA is a technical associate of the FIDO Alliance and EMVCo.