Multifactor Authentication news and trends

Sen. Ron Wyden Calls for Investigation of UnitedHealth Group Cyberattack
Cybersecurity // May 30, 2024

Senate Finance Committee Chair Ron Wyden, D-Ore., has called on the Biden administration to investigate the cybersecurity incident at UnitedHealth Group. In a Thursday (May 30) letter addressed to Federal Trade Commission (FTC) Chair Lina M. Khan and Securities and Exchange Commission (SEC) Chair Gary...

Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
Security & Fraud // March 26, 2024

Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology will transform the payments and commerce sectors in the years ahead.   Not surprisingly, a multitude of ideas and predictions were...

The Race to Develop Voice AI Faster Than Scammers Can Clone It  
artificial intelligence // July 19, 2023

Generative artificial intelligence (AI) plays three notes: text, voice and video.  And with all the hype around text-based generative AI capabilities, it’s easy to forget about the other two.  But voice AI, particularly voice biometrics and authentication, is increasingly coming into vogue.  PayPal is reportedly...

Multifactor Authentication May Be Bridge Between Biometrics, Passwords
Authentication // April 24, 2023

Until more advanced security goes mainstream, an already accepted method may fill the gap.  Consumers are more security-savvy than ever, especially when it comes to fraud prevention in banking. They also have more choice in primary financial institutions (FIs) than ever, from traditional banks to full-on FinTechs...

Interviews & Exclusives
69% of Consumers Prioritize Fraud Protection When Picking a Bank

September 24, 2024
Banks and financial institutions (FIs) face challenges in balancing the convenience of digital banking with the need for robust security measures. Economic impacts from fraud have forced these institutions to shift resources away from innovation toward immediate threat mitigation, hindering progress in the sector. As security threats evolve, a PYMNTS Intelligence report, “Progress and Protection: […]

The Race to Develop Voice AI Faster Than Scammers Can Clone It  

July 19, 2023
Generative artificial intelligence (AI) plays three notes: text, voice and video.  And with all the hype around text-based generative AI capabilities, it’s easy to forget about the other two.  But...

Why Merchants’ Biggest Fraud Problem Isn’t The Payments Consumers Make

September 15, 2021
It’s becoming ever more critical for fraud management and mitigation to be part of emerging technologies such as virtual cards, digital issuing, and buy now, pay later (BNPL) offerings. And...

What Crypto Exchanges Can Learn From Banks

February 22, 2018
The age of cryptocurrencies is in its nascent stage, but is fully upon us. And, as with any new industry, there are growing pains. Such is the case with digital currencies....

Quick Reads
Sen. Ron Wyden Calls for Investigation of UnitedHealth Group Cyberattack

May 30, 2024
Senate Finance Committee Chair Ron Wyden, D-Ore., has called on the Biden administration to investigate the cybersecurity incident at UnitedHealth Group. In a Thursday (May 30) letter addressed to Federal Trade Commission (FTC) Chair Lina M. Khan and Securities and Exchange Commission (SEC) Chair Gary Gensler, Wyden asked that the two agencies investigate the incident. […]