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Fraud & Identity Today Week in Review: Mobile Banking, iconectiv, MWC & More

By Alicia Young Web Editor

Welcome to the week in review, where we take a look at all the top stories making headlines in the mobile fraud space this week.

The week started off with special guest contributor Ryan Zlockie, global VP of authentication at Entrust (News - Alert) Data, asking a very important question: “Will Continuous Authentication Protect Mobile Banking Users?” He discusses the pros and cons of two-factor authentication, and goes into why more mobile banking apps are taking steps to move toward advanced adaptive with continuous authentication capabilities instead. Zlockie feels strongly that this could be the mobile security answer we’ve all been waiting for. Find out why HERE.

Mobile banking isn’t the only outlet under attack recently. Chargeback fraud has proven to be a growing problem for small e-commerce business owners. Chargebacks are refund requests that customers can initiate online through their card issuer by claiming that they never placed or received the order. While this is helpful if the buyer is telling the truth, the feature is often taken advantage of by fraudsters hoping to make a quick buck. Special guest contributor Rafael Lourenco, VP U.S. Operations, Clearsale, takes a deeper look at this particular form of mobile fraud HERE.

The week rounded out with some exciting news and insights from iconectiv. The company’s principal product manager, Matt Lear, treated us to a behind the scenes look at last week’s Mobile World Congress (News - Alert) in Barcelona. He covered all the main ideas discussed during the event sessions, saying, “Robots and connected everything captured the imagination, sustainability goals added new challenges for the global mobile industry, and identity and security concerns remained a key part of the discussion.” If you missed out on the tech-filled week, you can find all the highlights HERE.

iconectiv (News - Alert) also had some of its own news to share this week. It was just announced that Francisco Partners, a technology investment firm, has decided to invest in iconectiv. Francisco Partners hopes to make a difference in iconectiv’s future, and is looking forward to the opportunity, with Andrew Kowal, Partner at Francisco Partners, saying, “iconectiv has emerged as the trusted partner for global network operators…We look forward to a strong partnership with Ericsson (News - Alert) and the iconectiv management team.” The terms of the agreement are HERE.

That’s all for this week. Come back next week to read all the latest fraud-related news.