Device Fingerprinting Role in Fraud Reduction

Device Fingerprinting Role in Fraud Reduction

Device fingerprinting sounds like it has to do something with those fingerprint scanners on our smartphones and laptops. But that’s not what device fingerprinting is actually about. This technology analyzes the hardware and software parameters of a device to give it a unique ID. This makes it possible to recognize a certain device and the user behind it and trace the connections between users and their multiple devices! But how can it help reduce fraud? Device Fingerprinting in Fraud Prevention Let’s imagine that you’re already using a basic IP address…

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Anthem insurance company suffers massive security breach

Anthem insurance company cyber attack letter screen cap

The second largest health insurer in the U.S. is scrambling to deal with the exposure of data for 80 million customers. Up to 80 million customers – including the CEO – of the Anthem insurance company have had their private data stolen as the insurer has said in a statement that it was the victim of a tremendous security breach. The president and CEO announced that “Anthem was the target of a very sophisticated external cyber attack.” Joseph Swedish, the CEO and President of the insurance company, posted a statement…

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The IEEE begins drafting standardization policies for cloud computing

Cloud computing is becoming a popular phenomena in the tech world. A cloud-based system allows several people to use and access a multitude of server-based computational resources via a digital network. This sort of computing is appealing to businesses because it enables them to make use of vast amounts of computing resources that speed up their operations. However, many are not taking advantage of cloud computing for fear of security. While such fears are not to be taken lightly, the Institute of Electrical and Electronics Engineers (IEEE) says that many…

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