Banking Security Needs Upgrade for API Era

PYMNTS

But as they go digital, and as mobile banking becomes more firmly entrenched, banks and financial institutions (FIs) must apply that digital acceleration mindset to their security initiatives as well, to ensure that they have the most optimal security solution in place.

Data Security’s Secret Sauce? ‘Zero Data’

PYMNTS

Mahmoud Abdelkader , co-founder and CEO of Very Good Security , said the current security and compliance approach is fundamentally flawed — it doesn’t keep people safe, and it hamstrings businesses. To protect what you’ve got — lock it away, build a wall, maybe a moat.

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Figure wins SEC approval to sell securities on its blockchain

American Banker

Blockchain Securities

Mitigating Mobile Fraud with Secure Subscriber Enrollment

Mobile Payments Today

To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Homeland Security Embarks On Cyber Sprint To Stop Ransomware

PYMNTS

In fact, the ransomware threat is so significant that Wednesday, the Department of Homeland Security Secretary Alejandro Mayorkas said that it was at the very top of a list of high-priority cybercrimes that his department plans to take on. These days, data is big business.

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity.

Solving for security as contactless payments grow

Payments Source

Digital payments Cyber security Leaders Technology

MonetaGo, GUUD Team On Secure Transactions

PYMNTS

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release.

Tokenization's role in IoT security

Mobile Payments Today

While more connected devices is convenient for consumers as far as payments, it also opens a window for cybercrime and security breaches

Payment security in a world going mobile

Mobile Payments Today

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms

The new case for 3-D Secure

Payments Source

Michael Moeser, Senior Analyst at PaymentsSource, talks to Kevin Weller, a senior director in the security and products group at Visa; and Jaime Howard, head of product and marketing at Cardinal Commerce; about the growing role of 3-D Secure 2.0, 3-D Secure PayDirt

Companies See Work From Home As A Security Threat

PYMNTS

About 70 percent of the 500 companies surveyed said that they expected remote working during the pandemic to increase the cost of a breach; four-fifths told researchers said they expected it will take longer to notice and secure a breach.

Open Banking—lessons in technology, security and APIs

Accenture

The post Open Banking—lessons in technology, security and APIs appeared first on Accenture Banking Blog. Uncategorized APIs Banking Technology Open Banking Secure Customer Authentication (SCA

Using Security To Create A More Inclusive Payments Ecosystem

PYMNTS

The trouble in data security specifically, NuData DevOps Director Justin Fox told PYMNTS, is that developers are far more keyed into that MIT cohort and far less likely to consider the existence of the flip phone owner.

NEW REPORT: FIs Elevate Their API, Web App Strategies With Performance-Enhancing Security

PYMNTS

Cybercriminals leverage a host of tactics to circumvent the security of web apps and APIs, ranging from simple credential theft to comple x, artificial intelligence (AI)-driven brute force attacks on connected accounts that result in account takeovers (ATOs) across entire networks.

Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security.

Security Demands Spur Virtual Debit Card Adoption

PYMNTS

Businesses are also examining virtual card options that can allow employees to make company payments securely and conveniently during the pandemic. Firms are also prioritizing security as they transact online more heavily as well. Virtual Cards To Bring Greater Security To Transactions.

Entersekt, Netcetera Team Up On eCommerce Payment Security

PYMNTS

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. It is said that the 3-D Secure solution can be implemented in a short amount of time.

Mastercard Talks Securing Innovation, And Innovating Security

PYMNTS

In financial services today, security and innovation can work with each other, and against each other. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. For the banks and merchants serving them, the challenge is matching the great strides in connectivity with consistency of experience and security. Passwords remain commonplace, despite the evolution of security technology.

Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

In financial services, demand for ease of use and security are sky-high, even for business customers. Greater Security Without Compromising UX. Financial services firms deploy more and more point security products to cover the gaps created by the expanding attack surface,” he explained.

3 Essential Small Business Security Practices

MerhantsBanks

Keeping your business protected from fraud and security threats can feel like an overwhelming job. One place to start is by focusing on internal controls that help keep your business’s financial information more secure. Current News July 2018 Security Information Fraud Security

Global Security Officials Meet To Discuss 5G Security

PYMNTS

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters. It was meant to outline practices to create a coordinated approach to security and policy surrounding the technology. Security & Fraud 5G chinese government huawei News Security Technology What's Hot

ATX Core Security

ATM Marketplace

Product Brochure of ATX Core Security for ATM this product is specially develop for increase security and reduce downtime of any ATM vendor with support of Windows 7 and Windows 10

ATM 48

Securing The Growing Digital Opportunity

PYMNTS

And email address, device data, behavioral data — all of these things are important, but security efforts that build primarily from one data stream always run the risk of that stream being compromised and rendering their efforts moot.

Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option

PYMNTS

A survey from mobile security platform MobileIron found that 84 percent of consumers have ever scanned a QR code , while 32 percent have done so within the past week.

Biometrics security isn't one-size-fits-all

Mobile Payments Today

Andrew Jamieson, the director of security & technology for the identity management & security unit at UL, writes that many technologies that would be enabled by biometrics are still vulnerable to spoofs and hacking

Trulioo: Dramatic Fraud Spike Threatens Secure Digital Future

PYMNTS

He said consumers will get impatient and abandon a transaction when they try to make a simple, relatively low-priced purchase and find themselves mired in a 25-step process that seems like a lot of incomprehensible security overkill.

Fraud 217

Cyberattacks, Google Crash Bring Internet Security Into Question

PYMNTS

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

Google 201

New EMV checkout standards look to create secure, frictionless environment

Mobile Payments Today

The new EMV Secure Remote Commerce specifications may provide a solution to a longstanding problem with ecommerce checkout creating friction for consumers and being vulnerable to fraud

TD Bank Suffers Outage; Says Security Not An Issue

PYMNTS

Later, TD Bank confirmed that the outage was not caused by a security-related issue. Digital Banking banking Cybersecurity mobile banking News Security td bank What's HotAfter suffering a major IT systems outage, TD Bank ’s system is now back online, BleepingComputer reported.

Growth of QR codes raises need for security awareness

Payments Source

Contactless payments Mobile payments Cyber securityWhenever a technology moves into the payments or financial data ecosystem, it alerts fraudsters to probe it more intensely — and ultimately, figure out a way to use it as an attack vector.

Twitter Updates Users On Security Breach

PYMNTS

Twitter continues to inform users about its investigation into a massive security breach two weeks ago when hackers seized control of the celebrity accounts of Joe Biden, Kim Kardashian, Bill Gates and dozens of other A-listers.

Is No-Factor Authentication Digital Security’s Future?

PYMNTS

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. In the past, said Xie, authentication has been rooted in an idea that must change in order to build a more secure future.

Full PCI compliance dips while security threats mount

Payments Source

It's a perplexing problem for those developing and instituting Payment Card Industry data security standards: Even as threats rise, the number of organizations that fully comply continues to drop. PCI PCI DSS Data security Payment processing