OneSpan Joins the National Cyber Security Alliance on Data Privacy Day

Published On : 01/29/2019

OneSpan developing new tools to safeguard privacy, data and trust online 

OneSpan (NASDAQ: OSPN), a global leader in software for trusted identities, e-signatures and secure transactions, today announced it has joined the National Cyber Security Alliance as a Champion of Data Privacy Day, an annual, international effort to raise awareness about the importance of respecting privacy, safeguarding data and enabling trust. As a Champion, OneSpan takes responsibility for being a conscientious steward of personal information while also developing new tools to fight data theft.

Scott Clements

Two new cloud-based solutions from OneSpan, Intelligent Adaptive Authentication and Risk Analytics, act to safeguard and help stop the abuse of previously stolen data. With data as today’s currency, stopping its fraudulent use devalues it and removes the incentive for its use by fraudsters for application fraud and identity theft.

According to the Verizon 2018 Data Breach Investigations Report, the leading cause of data breaches are attacks against identity. As the rate and severity of data breaches increases, OneSpan is taking an active role in helping financial institutions protect their customers against fraud using ID verification, mobile security, intelligent adaptive authentication and risk analytics to accurately detect known and emerging fraud and assign trust to users, devices and transactions across digital channels.

“Passwords and personal identifiable information are almost guaranteed to be exposed in ever increasingly sophisticated and frequent data breaches,” said OneSpan CEO, Scott Clements. “It’s more important than ever to secure and protect the entire digital customer journey, and the data captured within, by taking a layered approach to security. This helps capture and analyse multiple complementary authentication factors and correlational data to establish trusted identities, devices and transactions. This is how we help our global banking customers – by making it harder for cybercriminals to capture data and commit fraud.”

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.