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

 

 

 

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.

The Friday Five — April 29, 2015

Some themes for this week: Will biometrics eventually replace the password? And how do you balance security with a positive user experience?

The conundrum: The user shouldn’t have to go out of their way to get accustomed to complicated new security procedures, but basic knowledge is essential for secure authentication. Surely someone has a solution for this … The Future of Authentication

The influx of new devices integrated with biometric sensors in the connectivity world and the emergence of new applications in the banking sector translates to an increase in overall market value. However, it also means that security concerns continue to increase. ABI Research predicts biometrics market to shift focus on banking, consumer electronics

Biometric technology could … mak(e) life easier for the average user and increase(e) security to offer banks peace of mind. This New Form of Biometric Authentication Might Actually Kill the Written Password

New mobile capture technology is proving extremely useful when it comes to preventing minors from purchasing and accessing age-restricted goods and services. Mobile’s role in ID verification for age-restricted merchants

On one side: having adequate controls in place to prevent transactions that violate U.S. sanctions. On the other side: customers whose innocuous payments are held up or blocked by automated screening that appears discriminatory. Venmo addresses blocked payments

The mSIGNIA Team Is Growing!

Nashville, TN (April 12, 2016) – mSIGNIA announced today recent additions to its team as the user authentication company positions itself for growth.

Thayer Phipps has joined mSIGNIA as vice president of sales. Phipps brings nearly 20 years of sales experience, most recently with Glassbeam, a machine data analytics company. He also has extensive sales experience in fraud solutions for the banking and payments industries. Based in Boston, Phipps is responsible for helping mSIGNIA grow by focusing on the payments, banking and e-commerce industries.

Konstantin Yurchenko Jr. is mSIGNIA’s senior iOS engineer. He has several years of experience building apps for iOS, most recently as a developer and consultant on projects including Pick Six, a sports pool and predictions game app, and Switcharoo, a college parking app. Yurchenko, who holds a Master of Science degree in engineering from the Rochester Institute of Technology, will manage projects and provide leadership to a growing team of developers.

LeAnn Stephenson has been hired as director of marketing. She has more than 20 years of strategic marketing experience in financial services, payments and B2B with companies such as Bank of America and Comdata. Stephenson will drive mSIGNIA’s messaging as well as content strategy and development.

Joel Langlois was most recently hired as a QA lead, performing quality assurance and testing of software development kits (SDK) for iOS, Android and browser. Langlois, a graduate of Belmont University, was most recently a data transformation specialist with Change Healthcare.

“Our team is growing to reflect mSIGNIA’s current and future opportunities,” said Paul Miller, CEO. “Our patented and privacy-compliant, mobile-first solution addresses two concerns – user authentication and customer experience – that are top-of-mind for our target audiences. We are now focused on refining and proving the technology while getting the word out that we offer the best platform to prevent fraud while reducing password dependence.”

We’re in the Zone! The FIDO Alliance Security Tech Zone at TRANSACT 16, that is.

Nashville, TN – April 5, 2016 – mSIGNIA will demonstrate its patented authentication solution in the Fast IDentity Online (FIDO) Alliance Security Tech Zone at TRANSACT 16, a leading payments technology event April 19-21 in Las Vegas. FIDO is spearheading the movement towards reducing reliance on passwords to enhance the user experience and improve security.

“We’rTRANSACT16e looking forward to participating in this event and demonstrating how users can safely and easily transact on any device, without having to remember a password or going through a complicated login procedure,” says Paul Miller, CEO of mSIGNIA. “With iDNA, our patented digital biometric authentication solution, data that a user stores on their smartphone is analyzed over time, not just when it is entered, so that the user is recognized across any of their devices, including new ones.”

The FIDO Alliance is an industry consortium transforming online authentication with standards-based specifications. Its members are committed to sharing technology and to collaborate on delivering open specifications for universal authentication methods that are interoperable, more secure and private, and easier to use. mSIGNIA joined the FIDO Alliance in December 2015.

mSIGNIA Nominated for 2016 CNP Awards!

Nashville, 2016-CNP-Awards-Logo-msigniaTN – March 31, 2016 – mSIGNIA has been nominated for a CardNotPresent (CNP) Award in the Best Identity Verification and Authentication Solution category, a new category for 2016. Nominees in this category represent providers or solutions that most effectively authenticate and verify the identity of cardholders in a CNP environment through directory services, two-factor authentication, 3DSecure or other means.

We are one of more than 60 companies nominated in 12 categories. Winners will be announced at CNP Expo May 23-26 in Orlando. Each category will have two winners: a Judges’ Choice and a Customer Choice. Customer Choice voting is open here until April 1.

CNP Expo is billed as the only conference and exhibition dedicated to the intersection of payment acceptance and e-commerce. It is presented by CardNotPresent.com, an independent voice generating original news, information, education and inspiration for and about the companies and people operating in the card-not-present space.