Category Archives: biometrics

More authentication and identity tech needed with fraud expected to increase

The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for the majority of banks. FICO recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase. Further to this, almost a quarter (22 percent) say that fraud will rise significantly in the next 12 months, with an additional 58 percent … More

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Facial recognition is real-life ‘Black Mirror’ stuff, Ocasio-Cortez says

"People think they're going to put on a cute filter and have puppy dog ears, and not realize that that data's being collected."