Digital Identity Blog

Thought leadership for cybersecurity, fraud and digital channel professionals

Featured Blogs and Insights from Cybersecurity Experts

Five Insurance Fraud Prevention Trends for 2017

In the insurance industry, increased competition, an uncertain regulatory environment, pricing pressures and disruptive new technologies will accelerate the race for new efficiencies and innovations. But, those same innovations open up new avenues for cybercriminals to commit the kind of fraud that can seriously damage brand reputation and have a lasting impact on revenue and…

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Armen Najarian
By Armen Najarian Posted

Increased Mobile Device Security Doesn’t Mean Increased Friction

Who says that reducing fraud means increasing friction during mobile transactions? Unfortunately, this is a common perception among companies and consumers. Financial services companies and other similar organizations want to increase the security of their mobile apps and offerings to meet the demands of today’s digital consumer. While 61 percent of Millennials say mobile is…

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Andreas Baumhof
By Andreas Baumhof Posted

Insurance: Fraud Detection Drills Deep in the Age of Digital Identity

Ross Compton might just become a poster child for fraud detection in the digital age—but it could depend on what his heart has to say about it. Earlier this year, the Middletown, Ohio man pleaded not guilty to setting a fire that reportedly caused $400,000 in damage and led to charges of aggravated arson and insurance…

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Vanita Pandey
By Vanita Pandey Posted

Foreign Exchange: Taking the Fight Against Fraud to a Whole New Level

It’s been said that money makes the world go ‘round. But it’s how that money moves across international borders that make foreign exchange and payment systems victims of payment fraud. As we’ve seen just this past year, the impact can be catastrophic. In March, hackers used malware to compromise the computers of the central bank…

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Alisdair Faulkner
By Alisdair Faulkner Posted

Mobile Authentication: Emerging Tools for an Evolving Fraud & Threat Landscape

How secure are your mobile logins and transactions? If there’s one thing we know about fraudsters, it’s that they always follow the money—and increasingly, money is going mobile. New data from the latest ThreatMetrix Cybercrime Report shows that 45% of all transactions are now conducted on mobile devices, with that figure being significantly higher for financial institutions. Naturally,…

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Andreas Baumhof
By Andreas Baumhof Posted

Fraud Prevention 2017: The Insurance Industry’s Year of Living Dangerously

When life hands you Lemonade, get ready for more than a few lemons. Earlier this month, the insurtech startup Lemonade sent shockwaves through the industry when it announced it had set a new world record by paying a claim in under 3 seconds—with zero paperwork. It’s an impressive feat—and one that’s indicative of a whole…

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Alisdair Faulkner
By Alisdair Faulkner Posted

PSD2 and the Open Banking Revolution: Final Regulatory Technical Standards

Last of a Three Part Series It’s go time for PSD2. The final draft of the Regulatory Technical Specifications (RTS) on strong customer authentication and common and secure communications has been approved by the European Banking Authority (EBA) and submitted to the European Commission for approval. The standards (mandated under article 98 of EU Directive…

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Alisdair Faulkner
By Alisdair Faulkner Posted

PSD2 and The Open Banking Revolution: An Age of Innovation

Part Two of a Three Part Series It was Bill Gates who once famously declared, “Banking is essential. Banks are not.” While his words may ring more true now than they did in 1994 when he uttered them, we’re far from a world without banks. Quite the reverse, actually. Because while banks are going through…

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Vanita Pandey
By Vanita Pandey Posted

Digital Identity and Insurance Fraud Prevention

What would Barton Keyes think of insurance fraud prevention in the digital age? In the 1944 film noir classic “Double Indemnity,” Keyes, a brilliant claims adjuster played by screen legend Edward G. Robinson, ferrets out a life insurance scam perpetrated by an adulteress and her lover, who happens to be Keyes’s protégé. The information on…

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Alisdair Faulkner
By Alisdair Faulkner Posted

PSD2 and the Open Banking Revolution: Fraud Prevention in the Bold New World of Financial Services

Part One of a Three Part Series It’s no secret that the open banking revolution is gearing up to fundamentally transform the financial services industry and unleash an amazing new era of innovation. But for all its promise, success will ultimately be predicated upon one critical element: Fraud prevention. Race to Tomorrow Over the last…

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Vanita Pandey
By Vanita Pandey Posted
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