Fraud within the e-commerce space alone sees almost £17.5bn in losses each year, while large digital lenders (over $50mn annual revenue) face 50% more fraud attempts than non-digital ones.
Sadly, whenever technology advances to create more accessibility, efficiency and productivity, security risks also advance. Fighting it must start with educating customers so that measures and necessary behaviour changes are fully understood.
Sim Swap Fraud
It's apt to talk about SMS one-time passwords (SMS - OTP) on the 30th anniversary of the first SMS sent. Since then, we have sent SMS to the
Passwordless authentication is a modern way to verify a user’s identity without the user needing to remember a password. Passwords have been proven to be insecure because, as humans we love to reuse password