Posts Tagged ‘pins’
Michaels Breach Bigger than Reported
Michael Stores initially reported that a scheme, in which point-of-sale pads customers use to key in their personal identification numbers, was isolated to Chicago, but on Tuesday the arts and crafts supplies retailer issued a statement that said nearly 90 stores in 20 states, stretching from Rhode Island to Washington, were affected.
The breach was first linked to a select group of Chicagoans who reported dings to bank accounts after their debit cards were allegedly copied during recent transactions at area Michaels craft stores. The Secret Service is investigating. Investigators believe legitimate PIN pads were traded or swapped out for PIN pads that skim and collect card details.
As a precautionary measure, Michaels has removed some 7,200 PIN pads from most of its 964 U.S. stores and expects replacements to be completed within the next 15 days. As a precautionary measure, PIN pads in Michaels Canadian locations are being screened as well.
Read the rest of this story here from Tracy Kitten, Managing Editor, Banking InfoSecurity May 12th 2011.
Webinar: What’s the Cost of a Strong Password?
Playback of the Tuesday, April 5th 2011 LIVE webinar with a Q&A session on the topic of what it's costing organizations to not have a strong password securing their enterprise.
Our Panel of Experts will Discuss the Following Topics:
Cost of a breach: from incident to organization. Our team of experts will talk about trends in the industry from a newly released study showing the cost of a data breach increasing 5% to $214 per record, to the average cost per organization increasing 7% in 2010, why these breaches are growing in number and what damage are they causing
What are enterprises and individuals using for securing their data and devices? We will review passwords, pins, tokens, biometrics, two and multi-factor authentication and how effective they are including third party testing results
Changing regulations in the industry: Our experts will talk about the changing security requirements to reduce risk in the private and public sector including DEA, DHS, Education Act, FFIEC, HIPAA, SOX GLBA, and why multi-factor authentication is being sought to replace current methods
Using BiometricsWe will demonstrate a newly patented technology using gesture biometrics, examine its high rate of accuracy and application for multi-factor authentication
Biometric Signature ID Scores an Outstanding 99.97% Accuracy against Identity Fraud from the Tolly Group
Biometric Signature ID’s BioSig-ID™ signature gesture biometric technology for identity authentication received a proof-of-performance validation from the Tolly Group’s independent testing lab receiving a 99.97% rating of accuracy in identifying imposters. Incorporating “Gesture Biometrics” as part of a fixed or mobile “defense-in-depth” protocol reduces risk of unauthorized access and assures accountability and compliance with corporate policies, regulations, and cyber laws.
Biometric Signature ID, Inc. (BSI) announced today that the patented BioSig-ID™ signature gesture biometric technology for identity authentication received an outstanding 99.97% accuracy in identifying and stopping imposters from a successful log in from The Tolly Group, an independent third party IT testing company. Additionally, the BioSig-ID software was able to identify legitimate users and permit access at an extremely high rate of 99.78%. Combining these results with a 99% positive user experience rating validates BSI as the newest solution available today for identity fraud reduction. BSI is the only software company with this patented technology that exceeds NIST requirements in the $12.6B Identity and Access Management (IAM) authentication market.
About the 3rd party testing: All testing was completed by The Tolly Group, a premier independent IT test lab. BSI’s BioSig-ID™ software uses a standard mouse and requires no additional hardware. Test ...
Biometric Signature ID Receives Award from the State of Texas Emerging Technology Fund (TETF)
Biometric Signature ID was awarded a $550,000 investment for the commercialization of their patented identity management products as part of the TETF program developed by the State of Texas for emerging technologies.
03.08.2011– Biometric Signature ID, Inc. (BSI) announced today that the patented BioSig-ID identity management solution has been selected by the State of Texas Emerging Technology Fund (TETF) to receive a TETF Commercialization Award. BSI is the only software company with patented signature gesture biometric technology in the $12.6B Identity and Access Management (IAM) authentication market.
[caption id="attachment_859" align="alignleft" width="240" caption="Governor of Texas, Rick Perry"][/caption]
The TETF Commercialization Award recognizes groundbreaking solutions and funds early-stage investments in new, technology-based, private entrepreneurial entities to help accelerate time-to-market, stimulate economic growth through the creation of new jobs, and attract more cutting-edge companies to the State of Texas. The TETF’s 17-member advisory committee consists of well-respected high-tech leaders, entrepreneurs, and research experts handpicked by Governor Rick Perry. The committee reviews emerging technology submissions by reviewing the proposal, vetting the solution, reviewing the pilot, business plan and other factors before making funding allocation recommendations to the Governor, ...
Industry Use Cases
Securing Mobile and Cloud ComputingAs we become more mobile in our computing activities from banking, shopping, working and ...
Meet New FFIEC RequirementsThe Federal Financial Institutions Examination Council (FFIEC) released a supplement (June 28, 2011) to ...
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More coursework to fight academic fraud?
According to the National Association of Student Financial Aid Administrators, the rate of improper payments of Pell Grants is down, from 3.12% in 2010 to ... -
New Study from ID Analytics Shows over 2.5 Million Deceased Identities Fraudulently Being Used
The identities of nearly 2.5 million deceased Americans are used improperly to apply for credit products and services each year, according to a new study released today from ID Analytics'
