Edition

Mobile wallets and fraud: Leveraging strong
authentication to protect consumer accounts
Mobile wallets, such as Apple Pay, Android Pay, and Samsung Pay, offer
consumers the promise of more convenient and secure payments.
Unfortunately for the image of security that these new payment solutions are
trying to portray, fraud followed almost immediately after their introduction as
criminals took advantage of authentication shortcomings among issuers. While
the use of mobile wallets is expected to grow considerably this decade, the
security image of these solutions could be undone if high-profile fraud issues
persist. This session will explore ways that each stakeholder can maintain
the trust of consumers, including through the implementation of stronger
authentication, while avoiding past and future pitfalls.
As with any new form of financial technology, mobile wallets came under
siege by fraudsters almost immediately after introduction;
Financial institutions were unprepared for the attempts to circumvent their
controls, contributing to unusually high losses and reputational damage;
The use of mobile wallets is expected to exceed $50 billion by 2018, making
them even more attractive fraud targets;
By leveraging strong authentication technologies geared specifically for
the mobile channel, wallet enrolment and use can be secured against
these attacks – preventing fraud and preserving trust in this nascent
financial technology.
Biography
Al Pascual, CFE, brings his industry experience and passion for fighting
financial crime to bear – having served in roles with HSBC, Goldman Sachs,
and FIS – when conducting in-depth research on issues that directly affect the
security of financial transactions and the integrity of consumer identities. Al
advises clients on a range of topics, including: the applicability of biometrics in
banking and payments; the effect of data breaches on the integrity of consumer
identities; the relationship between identity fraud and loyalty; and how to best
secure payment data and transactions.
Al has shared the findings from Javelin’s rigorous, leading research with
attendees at conferences throughout the country, including BAI, CARTES,
Money2020, NACHA, and RSA. He is a member of the Federal Reserve Secure
Payments Task Force, and serves on the Board of Advisers for Information
Security Media Group and the CARTES Secure Connexions America Conference.
His thoughts on a variety of fraud and security issues have been covered by
media outlets such as Fox News, Reuters, The New York Times, The Wall Street
Journal, The Washington Post, and Wired.
Secure credentials in a mobile world –
There’s an App for that
Room 207B
Time: 9.45am
Session Chairman: Tony Poole, President, Document Security Alliance Partner,
AJW, Inc., USA
John A. Peters
Manager New Business, Government ID, OVD Kinegram,
Switzerland
Time: 9:50am
Integrating the secure physical credential with
mobile ID processes
Speech Synopsis
Government-issued secure credentials in the form of physical tokens continue
to be one of the cornerstones for the establishment of a national identity
infrastructure. Today, thanks to the evolution of electronic-based smartcards,
biometrics can be stored either on the token, or in an on-line database as an
additional authentication factor for the ID verification process. Simultaneously,
these chip-based tokens provide new services including government voting
and taxation, banking transactions, health-care and transportation. By
leveraging on the global infrastructure already available through cellular
network providers, emerging technologies based on smartphones and other
mobile devices promise convenient access to the ID verification processes for
many stake-holders, including border crossings inspectors, bankers and the
individual tax-payer seeking government services. However, until it is possible
to deploy these mobile ID processes globally, and in a fully secure manner for
all citizens, the physical token is likely to coexist with the mobile verification
process for several years to come. How then do we ensure that the secure
credential, the biometrics and the mobile device can be used interchangeably
for ID verification? This presentation showcases for the first time the use of
optically secured digital seals to interlink and interlock the physical token with
the emerging mobile ID verification processes.
Secure government-issued physical tokens form the cornerstones for
establishing national identity;
Mobile devices promise convenient access to the ID verification processes
and government services;
Secure digital seals are proposed to integrate the physical security with the
mobile ID processes.
Biography
John Peters is Manager of New Business and Sales Manager for North America
at OVD Kinegram. Since starting his assignment at OVD Kinegram in January
2003, John has focussed on the implementation of advanced technologies
for enhancing the security of government documents. Prior to joining OVD
Kinegram, John was product marketing manager for semiconductor interconnectors
at Kulicke & Soffa in Zurich, Switzerland. He holds a Bachelor of
Science in physics and mathematics and a PhD degree in materials engineering
from the University of the Witwatersrand, South Africa.
Daniel Tanciar
Time: 10:15am
Director, Travel and Tourism Initiatives, Office of Field Operations,
U.S. Customs and Border Protection, USA
Mobile Access: U.S. Customs and Border Protection’s
plan to improve travel efficiency through strides
in technology
U.S. Customs and Border Protection (CBP) has a multi-layered mission both
to secure the borders and facilitate lawful international travel and trade
into the United States. In this role, CBP protects the economic vitality of
the country. The travel and tourism industry generates significant revenue
in local economies. To plan for increasing volumes of travel in the future,
CBP is leveraging mobile technology and biometrics, and examining facility
design, to enhance the international arrivals process. As part of this effort,
CBP is working closely with key stakeholders to develop a unified vision of
efficient airport travel in the future without compromising CBP’s priority
security mission.
Even more, this is a partnership, and the airports, airlines, government
agencies, and travel providers all depend on one another for success. From
gate space to passenger flow, or the use of mobile technology by both
passengers and employees, each part of the process impacts the overall
travel experience to the US. During this session, Mr Tanciar will outline CBP’s
commitment to transform the international arrivals process through the use
of mobile technology and biometrics in CBP’s operational environment.
Collaboration between government agencies is critical to ensuring a bestin-class
international arrivals process.
CBP is leveraging mobile technology to make the agency more nimble and
flexible in the face of increasing passenger volume, threats, and the need
to do work outside the traditional arrivals space.
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