Expert Reaction On Report: Politeness Leaving People At The Mercy Of Fraudsters

BACKGROUND:

Following today’s new report from Finance UK which has discovered that impersonation fraud has doubled in the first half of this year and, in many cases, politeness is making people more vulnerable, cybersecurity expert reacted below.

Experts Comments

September 14, 2021
Brett Beranek
VP & General Manager, Security and Biometrics
Nuance Communications

The discovery that politeness is leaving many British consumers more vulnerable to impersonation fraud acts as a timely reminder that having an effective fraud prevention strategy in place – alongside the tools to support it - is no longer optional. Basic passwords and PINs which can be easily guessed and stolen, are no longer fit for purpose. 

Biometric technologies could provide an answer for organisations looking to keep malicious actors at bay and ensure the security of both their customers

.....Read More

The discovery that politeness is leaving many British consumers more vulnerable to impersonation fraud acts as a timely reminder that having an effective fraud prevention strategy in place – alongside the tools to support it - is no longer optional. Basic passwords and PINs which can be easily guessed and stolen, are no longer fit for purpose. 

Biometric technologies could provide an answer for organisations looking to keep malicious actors at bay and ensure the security of both their customers and employees. For example, voice biometrics are able to leverage more than 1000 unique speech characteristics - from pronunciation to size and shape of your nasal passage. Meanwhile behavioural biometrics measure minute details - such as how a person holds their phone or even how they pause once they finish a task. Security systems that incorporate these authentication tools are considerably less susceptible to fraudsters.  

When it comes to fraud, prevention is always better than a cure. Without question, businesses and consumers need to be one step ahead and education around the most effective security solutions - like biometrics - is key.

  Read Less

Submit Your Expert Comments

What do you think of the topic? Do you agree with expert(s) or share your expert opinion below.
Be part of our growing Information Security Expert Community (1000+), please register here.

Write Your Expert Comments *
Your Registered Email *
Notification Email (If different from your registered email)
* By using this form you agree with the storage and handling of your data by this web site.