SchoolsFirst Federal Credit Union’s Lesson In P2P Security


Amy Hsu, vice president of product and research, recently spoke with PYMNTS about how the CU makes its members’ Zelle transfers both seamless and secure. First, we want the payment to be as secure as possible with risk mitigation. Educating Educators On P2P Security.

As The IoT Grows, Can It Overcome Security Problems?


IoT Security Concerns. Security Upgrades? That said, the PYMNTS research confirms what others, including Kaspersky and Zededa, have found on their own: It’s a long road to IoT security. The Internet of Things (IoT) is about much more than the actual things, of course.

Microsoft Issues Emergency Internet Explorer Security Update


Microsoft issued an emergency security update for Internet Explorer after hackers were able to exploit a new flaw in several versions of the browser.

How PSD2 And Open Banking Impact Security


These initiatives could also lead to an increase in security risks, since sharing data among a range of financial service providers creates new opportunities for it to fall into the wrong hands.

Enterprise Security Returns To Top Of B2B Investment Mountain


Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Contrast Security.

Mastercard Talks Securing Innovation, And Innovating Security


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.

FTC Looking For Comments On Customer Privacy, Security Amendments


The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs).

‘Alexa — Is My Data Secure On Connected Devices?’


That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. By attempting to log in to randomly selected devices and securing them, the country hopes to eradicate the weaknesses that could potentially lead to fraud and identity theft for IoT users.

Homeland Security Researchers Find Security Holes In Mobile Devices


Department of Homeland Security researchers have reportedly found many security vulnerabilities in mobile devices sold by U.S.-based According to the report , which cites Vincent Sritapan, a program manager at the Department of Homeland Security’ s Science and Technology Directorate, the flaws enables users “to escalate privileges and take over the device.” Researchers are expected to announce more details about the security flaw later this week.

Google Erred In Not Disclosing Microphone In Nest Security System


Google admitted that it didn’t tell users about a built-in microphone in its Nest Secure home security system, according to a report from Reuters. Nest Secure, a user-friendly home security system, costs around $400.

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PayPay Vows To Strengthen The Security Of Its Payment App


17) that it will strengthen the security of its app after receiving several complaints from users about charges that were made in error. Bloomberg noted that PayPay has been questioned about the security of the app in the past. Japanese payment provider PayPay said Monday (Dec.

The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. “It’s Meshell was joined on stage by Sean McKee, Senior Manager, Cyber Threat Management, TD Bank, to provide a perspective on how to ensure that a financial services company can gauge its readiness for a cyber security attack.

SmartPesa Rolls Out Android POS System; Vipps Selects Inside Secure For Payment Security


Coverage includes Norway ’s Vipps selection of Inside Secure to provide security for contactless payments. In Norway, Vipps has selected Inside Secure to help secure its contactless payment capabilities, according to reports.

The Evolution Of Digital Banking Security


Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move to other apps. Today In Data Commerce data Digital Banking fraud mobile apps money laundering News payments personal banking Retail Security Smartphones Today in Data

Why Bank Security Is About More Than Preventing Attacks


Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML). The Future Of Omnichannel Bank Security.

How Open Banking Will Test Banks’ Data Security Strategies


As such, data security has simultaneously emerged as a renewed focal point for the financial services market, because the more data moves and the more actors touch it, the more exposure that information has to nefarious actors. The data security risks linked to data sharing and bank-FinTech interconnectivity are complex and, in some ways, the full threat of the issue has yet to reveal itself.

TRENDING: Why Preventing Bank Cyberattacks Is Only Half The Omni Security Battle


In the latest issue of the Omni Security And Authentication Report , PYMNTS explores how banks are working to both prevent cybercrime and deal with the aftermath of a successful attack. Around The Security And Authentication Space.

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

Banks Turn To 3D Secure 2.0 To Fight Fraud


Recent reports indicate an uptick in fraudsters targeting large FIs, and headlines surrounding security breaches and cyberattacks fill the news on a near-daily basis. Visa and Mastercard designed the 3DS protocols and provide them under the names Verified by Visa and Mastercard Secure Code.

WhatsApp Brings More Security To iOS Users


A tech publication reported that people updating to the newest version of WhatsApp on iOS will see the new feature in the Privacy menu, enabling them to add an extra layer of security. WhatsApp’s security upgrade comes at a time when business is booming for Facebook’s messaging app.

TRENDING: Solving Banking’s Security-Convenience Conundrum


Should banks and financial institutions (FIs) focus more on giving consumers the convenience and simplicity they expect — and even demand — or instead focus more on implementing stringent security measures, potentially at the expense of user experience?

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Tanium Secures $6.5 Billion Valuation For Enterprise Security Tech


Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 According to reports, Tanium addresses security friction within businesses caused by a disparate security strategy. Typically, large companies operate security with two different focuses: compliance and breach protection.

Equifax Settles With NY AG Over App Security


Underwood said all five companies had mobile apps that had a well-known security vulnerability that enabled hackers to intercept private data including passwords, social security numbers, credit card account numbers and bank account information.

Today In Data: Striking A Balance Between Convenience And Security


At the same time, consumers also want a guarantee of security and a belief that their entire digital identity isn’t going to end up for sale on the dark web.

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Deep Dive: Security In The Time Of Faster Payments


Security strategies. Faster payments aren’t all doom and gloom, though, and proper security measures can help businesses reap the benefits of real-time payments schemes with fewer detriments. When credit cards first debuted in 1920s America,they brought with them myriad benefits.

Nationwide Study: SMB Owners Lax About IoT Security Risk


And the farmer who uses drones to help monitor operations – yet may not be able (or might not know how) to take steps needed to secure his or her server – is rendered vulnerable. Security & Fraud cyber attacks IoT nationwide ransomware

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Consumers Are Less-Than-Secure Over Payments Security


How secure do you feel when it comes to payments? Two-thirds of the more than 3,000 adults surveyed said they were concerned about data security, with 38 percent of respondents believing their private information may have already been exposed. Age plays a factor in these beliefs, too: More than 70 percent of those over the age of 45 reported concerns about security versus 59 percent of those aged 18 to 24. Security is making its way to the boardroom,” Kling countered.

EMVCo Releases EMV Secure Remote Commerce Specifications Draft


To open its EMV® Secure Remote Commerce (SRC) specification for public comment for a 45-day period, secure payments enabler EMVCo has issued a draft version of the specification called version 0.9. or its EMV 3-D Secure – SDK specification.

Former Apple Securities And Compliance Lawyer Charged With Insider Trading


The Securities and Exchange Commission (SEC) charged a former Apple lawyer with illegal insider trading on Wednesday (Feb. According to the SEC complaint, he was “responsible for Apple’s compliance with securities laws.”.

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Secure Payments, Generation 2.0


Enter 3-D Secure 2.0. In a webinar with James Rendell, vice president of payment security at CA Technologies, and Paul Baker, vice president/senior business leader of enterprise security solutions at Mastercard, PYMNTS’ Karen Webster delved into just how 3-D Secure 2.0 The experience has to be consistent with how consumers want to conduct commerce digitally — and securely.”. CA Technologies’ Rendell noted that 3-D Secure 2.0 Two-point-oh.

Bluefin And TokenEx Partner To Expand Data Security


17) that it has partnered with TokenEx for data security. Ruston Miles, chief strategy officer for Bluefin, said that via the partnership, TokenEx will be able to give clients the highest level of security and reduce the challenges of being PCI compliant.

Post-GDPR, Deliveroo Probed Over Data Security


The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. The latest company to be affected may be food delivery app Deliveroo, according to a report in the Financial Times.

NEW REPORT: Is Security Holding Omnichannel Banking Back?


Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space.

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Offering Convenience Without Sacrificing Security


But conducting business on connected devices is also creating new security gaps for fraudsters and other bad actors to exploit, wreaking havoc on customers and companies alike. The company exposed consumers’ full names, birthdates, addresses, Social Security numbers and even some 250,000 credit card account numbers. The problem has been forcing banks and merchants to seek out improved security and authentication capabilities to protect their customers.

AEVI, Secure Trading In White-Label POS Pact


5), AEVI and Secure Trading/ said they have teamed up to offer a POS solution that focuses on white-labeled, standalone and semi-integrated hardware and services. On Tuesday (Feb.

SUCI: Rethinking Card Declines, Data Security And Customer Experiences


To better serve clients and help make their businesses run smoother and more efficiently, FinTech startups are tackling an array of challenges, from data security to card declines to clunky customer experiences.

USPS API Security Flaw Exposed 60 Million Users’ Data


An anonymous researcher warned the publication of the security flaw on the USPS website. Perhaps more troubling is that the researcher allegedly warned USPS about the security issue a year ago but did not receive a response. The API enabled senders to gain visibility into the progress of a package but the security flaw reportedly exposes that data of commercial clients. ” Security & Fraud API Cybersecurity data security News USPS What's Hot

Will 5G Be Secure Enough During Early Deployments?


As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G Security Holes? Some observers also want more of a push to make 5G secure.

MoneyGram CIO Talks Data Security


McGurk agreed, noting why the first lesson of information security — the first consideration before one gets to technology or process — is humility. You can’t get overconfident in information security,” he said. He explained that the way MoneyGram looks at information security is to consider what is happening outside its perimeter, at the borders of its perimeter, inside its perimeter as well as what’s happening at the host level, application level and data level.

Payroll Fintech Gusto Hires Square’s Information Security Head as It Inches Towards an IPO

Bank Innovation

Online payroll company Gusto is scaling its security team, starting with the appointment of Square's former head of information security, Frederick Lee, as its chief security officer. Exclusive Open Banking Payments Premium Sales & Marketing Security & Risk data security Gusto Square

RBC Takes An Intelligence-Driven Approach To Bank Security


We’re already using AI to analyze underlying patterns in complex market environments, and we’re enhancing client security through biometrics and fraud detection algorithms,” he said. Smarter Security. Balancing Security With Simplified Experiences.

Visa Announces Continued Support For EMV Secure Remote Commerce Specification


23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. With SRC, consumer buying experiences online will be easier, faster and more secure. Visa, the payments company, announced Tuesday (Oct.

NEW DATA: Why Bank Customers Prefer Convenience Over Security


Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.