When I wrote my first applications in high school, coding was a lot more time-consuming. I didn’t have libraries I could shop through with ready-made bits of code to drop in to save myself time or bridge the gap between the pieces of code I could write to create something more complex. Instead, I had to write everything from scratch. If I wanted to include any kind of image, I would have to draw it with mathematical coordinates, which took a ton of time.

Financial institutions (FIs) or Fintechs have historically been hotspots for fraudulent activity. The sector is a popular target for identity theft and online banking fraud, as well as financial crimes such as money laundering and terrorism funding. But, in the previous decade, its security has grown dramatically. It is now progressing to the next level of sophisticated security, Biometric Verification.

Many organizations have multiple IAM schemes that they forget about when it comes to a robust compliance framework such as PCI DSS. There are, at minimum, two schemes that need to be reviewed, but consider if you have more from this potential, and probably incomplete, list: Bottom line, in whatever fashion someone or something validates their authorization to use the device, service, or application, that authorization must be mapped to the role and privileges afforded to that actor.

In 1999, a far-fetched movie about a dystopia run by intelligent machines captured our imaginations (and to this day, remains my favorite film). Twenty-four years later, the line between fact and fiction has all but vanished and the blockbuster hits much differently. Are we entering the Matrix? Are we already in it? Can anyone be sure?

In security, there are always tensions; the balancing act between security, convenience, and functionality. While these three, often competing interests cause many people to become frustrated, there are some simple steps that can ease the security struggle.

OCR is the process of using technology to read characters from printed or handwritten text included inside digital images of actual documents, such scanned paper documents (optical character recognition). OCR’s primary function is to read a document’s text and convert the characters into code that may be used for data processing. Another name for optical character recognition is text recognition (OCR).