January 26, 2018 — Fraud Is a Quick-Growing Concern for Businesses
Lisa Baergen, Director at NuData, comments on a report issued yesterday by Info Security Group disclosing that sixty percent of businesses are experiencing the same or more fraudulent losses online than a year ago.
The ability for organizations to limit fraudulent activity is at present marred by their inability to accurately identify customers. The use of two-factor authentication, or, even better, passive biometrics, which is capable of identifying users based on passive biological factors impossible to mimic, could help to bridge the identification gap for companies and put 84% of fraudsters out of business.
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