Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • November 2015
11

Biometric technology has potential to combat cyber fraud

Open-access content Tuesday 24th November 2015 — updated 5.50pm, Wednesday 29th April 2020

Financial information processor Equiniti is sponsoring university research into whether biometric technology could help pension firms defend themselves against online fraud.

2

It said cyber security would be the greatest threat facing the pensions industry over the coming decade. The company noted that the government's 2015 Information Security Breaches Survey found 90% of large organisations of all kinds had suffered a security breach in the preceding year, a threat from which pensions firms could not expect to be immune.

The company is sponsoring Queens University Belfast's Centre for Secure Information Technologies to examine the potential to combat cyber security issues through the biometric technologies.

It said that once developed and adopted these could potentially save the industry millions of pounds every year by successfully defending itself against fraud.

But Equiniti managing director Guy Wakeley did warn: "Cyber security covers a spectrum of issues and there is no single solution."

This article appeared in our November 2015 issue of The Actuary .
Click here to view this issue

You may also be interested in...

ta filler

Autumn Statement tackles flood risk and social care

The Institute and Faculty of Actuaries (IFoA) has welcomed Chancellor George Osborne's Autumn Statement announcement of funding for flood defence schemes, but has warned that measures announced to address social care funding may fall short.
Thursday 26th November 2015
Open-access content
2

Nearly half of motorists would choose their car over social life

Motorists deprived of their cars may feel anger and panic and nearly 40% of them would sooner be separated from their family than from their car.
Thursday 19th November 2015
Open-access content
ta filler

Young drivers underestimate cost of first policy

More than half of young motorists do not budget enough to pay for car insurance in their first year of driving, a survey has found.
Wednesday 11th November 2015
Open-access content
A car crash © iStock

UK insurers 'slow' to lower premiums in response to whiplash reforms

UK motor insurers will probably only cut premiums slowly in reaction to the government's crackdown on whiplash injury claims, Fitch Ratings has said.
Monday 30th November 2015
Open-access content
2

Flood Re on course to secure £2.1bn

Flood Re has said it is on track to build its £2.1bn reinsurance protection programme after its first tender was oversubscribed.
Tuesday 24th November 2015
Open-access content
2

Risk management approach essential in response to climate change risks

In advance of the 21st Conference of Parties to the United Nations Framework Convention on Climate Change (COP21) next week, the IFoA is calling for governments and businesses to take a risk management approach to climate change as essential in addressing environmental risks.
Friday 27th November 2015
Open-access content

Latest from General Insurance

td

Brain power

The latest microchips mimic cerebral function. Smaller, faster and more efficient than their predecessors, they have the potential to save lives and help insurers, argues Amarnath Suggu
Wednesday 1st March 2023
Open-access content
bl

'Takaful' models of Islamic insurance

Ethical, varied and a growing market – ‘takaful’ Islamic insurance is worth knowing about, wherever you’re from and whatever your beliefs, says Ali Asghar Bhuriwala
Wednesday 1st February 2023
Open-access content
il

When 'human' isn't female

It was only last year that the first anatomically correct female crash test dummy was created. With so much data still based on the male perspective, are we truly meeting all consumer needs? Adél Drew discusses her thoughts, based on the book Invisible Women by Caroline Criado Perez
Wednesday 1st February 2023
Open-access content

Latest from November 2015

Colourful houses in Bermuda © Shutterstock

Bermuda gains full Solvency II equivalence

Bermuda has been granted full equivalence by the European Commission (EC) to comply with the Solvency II directive.
Monday 30th November 2015
Open-access content
2

Consultation begins on mark of approval for retirement products

A consultation has started about developing a Retirement Quality Mark as a companion to the Pension Quality Mark (PQM).
Friday 20th November 2015
Open-access content
2

Pensions freedoms causing tax rule confusion for retirement savers

More than half of retirement savers are unsure of tax rules following the launch of pension freedoms, employee benefits consultancy Portus Consulting has said.
Friday 20th November 2015
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 11

Colourful houses in Bermuda © Shutterstock

Bermuda gains full Solvency II equivalence

Bermuda has been granted full equivalence by the European Commission (EC) to comply with the Solvency II directive.
Monday 30th November 2015
Open-access content
2

Consultation begins on mark of approval for retirement products

A consultation has started about developing a Retirement Quality Mark as a companion to the Pension Quality Mark (PQM).
Friday 20th November 2015
Open-access content
2

Pensions freedoms causing tax rule confusion for retirement savers

More than half of retirement savers are unsure of tax rules following the launch of pension freedoms, employee benefits consultancy Portus Consulting has said.
Friday 20th November 2015
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Manager - Building new team!

London (Central)
Up to £130k + Bonus
Reference
148845

Shape the Future of Credit Risk Model Development

Flexible / hybrid with 2 days p/w office-based
£ six figure salary with excellent bonus potential + package
Reference
148843

Longevity Director

Flexible / hybrid with 2 days p/w office-based
£ six figure salary with excellent bonus potential + package
Reference
148842
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ