The statistics surrounding mobile banking are impressive and growing dramatically. This year, more than 590 million phone users will have made use of their mobile devices for banking purposes, jumping to more than one billion individuals by 2017. Such accelerated activity is a magnet for fraudsters. Imposters use phone-based channels to perpetrate identity fraud, while thieves – using the tools that support mobile commerce – have more ways to commit “merchant fraud.” Voice biometrics proves to be an effective way to combat both.
Research Report: “Strong Authentication for Mobile Commerce”