Authentication for financial services is a global goal with regional approaches
The current needs and demands for authentication and identity management show huge variations around the world. One thing that is common across all regions, however, is the ever-increasing requirement to prove that you are who you say you are in the face of rising security threats, such as fraud and phishing. According to CIFAS, the UK’s Fraud Prevention Service, the number of victims of identity theft was up by 19.91% (at 67,406) compared to 2005. To combat this crime and secure against wider identity theft threats, there are several technologies that strengthen authentication security, some of which have already been deployed and are showing signs of success in the fight against fraud.
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