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Can CBANC Crack the Bank Social Media Riddle?

Bank Innovation

In the age of ubiquitous mobile devices and 1.5 billion Facebook users (give or take a few million), it’s clear banks can’t keep their employees from social media. That opens bank systems to attacks via phishing and social engineering.

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Consumers Value Their Social Media But Put Security Onus On Companies

PYMNTS

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

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Social Media Usage Increases In Q1 Despite Facebook’s Data Scandal

PYMNTS

Despite Facebook’s data scandal with Cambridge Analytica, the number of people that are using social media platforms increased by more than 100 million during the first quarter of 2018. billion people around the globe using social media. TheNextWeb said mobile users increased around 2 percent for the year ending in March.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
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Facebook To Add Two-Factor Authentication To Some Accounts

PYMNTS

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.

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Inside The Fight For Digital Driver’s Licenses

PYMNTS

Approximately 800 million facial recognition-equipped mobile devices are expected to be in circulation by 2024, in fact, with an additional 4.6 Banks are working on new biometric security solutions in response to this trend in customer preference. Deep Dive: How Fake Profiles Endanger Social Media Networks.

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How Mobile Technology Is Changing Insurance Claims

PYMNTS

The uptick in smartphone use and availability, however, has prompted many insurance providers to enable customers to file claims from their phones, but few have implemented mobile disbursements. “I Developing that claim flow can be difficult, though, especially when it entails enabling access to mobile disbursements.

Mobile 198