Remove Consumer Authentication Remove Encryption Remove Identity Theft
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Is No-Factor Authentication Digital Security’s Future?

PYMNTS

Though there is much that individual firms and the industry as a whole can do to stem the hemorrhage of sensitive data into the hands of cybercriminals – via better encryption, storage and anonymization of data – there is a staggering amount of data already out there from previous breaches that is useful to fraudsters.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Consumers can also take more advantage of tap-to-pay technology. By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Debbie holds a B.A.