ITSP Magazine: Companies Lost Trust In Their Users. What’s Next?

May 13, 2018 — Data breaches are at a historic high, with 1,579 reported in 2017

Ryan Wilk, VP at NuData, wrote a report issued by ITSP Magazine, informing that those in the InfoSec world are used to grappling with the kind of numbers that might make a layperson recoil in horror, but one statistic from 2017 stands out as especially worrying.

As everyone who has any accounts online will know, the temptation to recycle passwords is often greater than the threat of having these accounts hacked into.
Biometrics is rising to the challenge to protect accounts, which is sending shivers down the spines of fraudsters. However, the physical biometrics field is not bullet-proof – nothing is today – and to avoid any unwanted traffic, multi-layered solutions that include passive biometrics are proving to be the most efficient ones. These technologies monitor inherent human behavior that is impossible to replicate by a third party. Passive biometrics analyze subtle signs such as how a user types, how hard they press the keys or how they hold the device. This means that even if the bad actor has all the correct information of a user, including security questions, credit card number, and even access to the user’s text messages, the solution will recognize the unusual behavior and block or interject the bad actor before they log in. This way, stolen data becomes useless in the hands of fraudsters.

For the complete article, go here.