Unemployment Fraud: the Good, the Bad, and the Technology
Daon Blog Team
Unemployment Fraud: the Good, the Bad, and the Technology

The negative effects of COVID-19—mass unemployment high among them—have been far-reaching, and negative news coverage abounds. But perhaps that negativity is overdone.

Researchers analyzed the tone of COVID-19 related English-language news articles written since January 1, 2020. The results, issued November 2020, found, “91% of stories by U.S. major media outlets are negative in tone… even in areas with positive scientific developments including school re-openings and vaccine trials.”

In this blog, we’ll aim for an even mix of negative and positive, starting here:

The Bad: Cyberattacks and fraud have increased significantly.

The Good: The tech already exists to effectively solve these challenges, and quickly.

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Biometrics Is Transforming the Banking Industry
Nick Hallas
Biometrics Is Transforming the Banking Industry

Financial institutions are always prime targets for fraud, theft, and other malicious practices, and the banking industry in particular has been subjected to an increasing number of scams and hoaxes over the past year.

What's changed? When the COVID-19 pandemic forced customers who typically visit a physical bank branch to conduct their sensitive business online, it left those customers newly vulnerable—protected only by traditional (and flawed) online security protocols, namely passwords and PINs. 

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Guest Blog
Understanding the FBI's Private Industry Notification on Multi-Factor Authentication

Guest Post by Paul Kenny, Chief Technical Architect, EMEA/APAC

Heeding the FBI is wise, but misreading the Bureau can be disastrous. And never has this been truer than in the context of the FBI’s recent Private Industry Notification on Multi-Factor Authentication (MFA).

A cursory look at this notification (or worse, a glance at some of the newspaper headlines it’s been generating) might well lead you to believe—quite mistakenly—that MFA is a vulnerable and unreliable security framework.

In truth, the FBI is saying nearly the exact opposite—that MFA is a necessary and wildly effective means of preventing upwards of 99.9% of all cyberattacks, but that not all MFA is created equal, and that the very best security framework is an "advanced" MFA implementation that utilizes the strongest authentication factors such as physiological and behavioral biometrics.

In fact, when the FBI reports to have “observed cyber actors circumventing multi-factor authentication through common social engineering and technical attacks,” it is referencing the very attacks that an advanced, biometric-based MFA platform (like IdentityX) is designed specifically to prevent.

To help illustrate this point, let’s quickly walk through the attack types listed in the FBI’s notification to see how IdentityX protects against them:

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