Security And Compliance Shift From Barriers To Competitive Advantages

PYMNTS

In this excerpt, Mahmoud Abdelkader , CEO of Very Good Security , explores how the “Zero Data approach” can help companies embrace digital products and services amid increasing security threats and regulations.

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.

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Enterprise Security Requires Back-To-Basics Approach

PYMNTS

But just because cybercriminals can perform all of this high-tech wizardry to beat our best efforts at securing our systems, that is not their preference, noted Chief Information Security and Privacy Officer for CO-OP Financial Services Paul Love in a recent conversation with PYMNTS.

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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Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

The security risks lurking for banks still using mainframes

American Banker

Data security

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.

ADT, Google Developing New Home Security Products, Services

PYMNTS

The home security company ADT is banking on a partnership with Google’s smart-home services to help boost its revenue. Google announced last summer that it had entered into a long-term partnership with ADT to create what the two companies called the next generation of smart-home security.

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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.

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.

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.

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

Airport Security Screenings Exceed Pre-Pandemic Levels Ahead Of Holiday

PYMNTS

million travelers traversed Transportation Security Administration (TSA) checkpoints on Thursday (July 1) in the lead-up to the holiday weekend, marking an increase from levels seen before the pandemic on July 1, 2019. Almost 2.15

How AI And Digital Identity Verification Can Secure The Telehealth Age

PYMNTS

This creates friction when attempting to provide care for patients swiftly and conveniently and when keeping that information secure, said Adam Silverman , M.D.,

Mastercard: Digital Identity Aligns Security With Consumer Experience

PYMNTS

After countless data breaches and hacker attempts on their personal data, consumers are pretty well fed-up with the problem and have taken on a zero-tolerance stance, the recent PYMNTS and NuData Securing eCommerce study said. Smoothing Out The Secure eCommerce Journey .

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

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.

China’s Security Regulators Permit US IPOs — With Caveats

PYMNTS

Following an online conference with investment bankers, China’s securities regulator decided that initial public offerings (IPOs) in the U.S. can carry on, providing that Chinese listing requirements are met, CNBC reported , citing sources.

EU Watchdog Tells Apple That Security Issues Cannot Stifle Competition 

PYMNTS

Margrethe Vestager, the European Commission (EC) executive vice-president and competition commissioner, said on Friday (July 2) that Apple can’t use privacy and security concerns to stifle competitors on its App Store, Yahoo Finance reported.

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Biometrics Airport Security Startup CLEAR Filing IPO

PYMNTS

Biometric security firm CLEAR filed its prospectus with the Security and Exchange Commission (SEC) for an initial public offering (IPO) with plans to trade on the New York Stock Exchange under the ticker YOU.

Figure wins SEC approval to sell securities on its blockchain

American Banker

Blockchain Securities

China's Securities Regulator Seeks To Reassure Banks Amid Turmoil

PYMNTS

The China Securities Regulatory Commission , China’s security regulator, attempted Wednesday (July 28) night to smooth over investment bank executives’ market fears about Beijing’s crackdown on private education, Bloomberg reported.

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.

Chinese Regulators, Police, State Security Start On-Site Probe Into Didi

PYMNTS

State police and security officials joined regulators from five agencies — the Ministry of Public Security, the Ministry of State Security, the Cyberspace Administration of China, the Ministry of Transport and Ministry of Natural Resources to — in the on-site investigation. .

David’s Bridal Marries Security And Omnichannel Payments To Build Consumer Trust

PYMNTS

Customers expect security in addition to speed and efficiency, and they are placing more value on the privacy and protection of their personal information when interacting with merchants. It also analyzes why robust security and digital identification measures are necessary in this regard.

Security Breach Exposes Data Of 3.3 Million Volkswagen, Audi Owners

PYMNTS

The breach revealed personal details, like drivers' license numbers, email addresses and phone numbers — and, in some instances, Social Security numbers. Security & Fraud automotive B2B B2B Payments Data Breaches fraud News Security volkswagen What's Hot What's Hot In B2B

Solving for security as contactless payments grow

Payments Source

Digital payments Cyber security Leaders Technology

Fraudsters Push Payments Digital Security Agenda Toward Collaboration

PYMNTS

Security And Convenience. These technologies must be secure because otherwise we lose the trust of the people that is required for these systems to be adopted,” he said. “I I remember for years, the question I was always asked was ‘Well is it security or convenience?’

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.

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.

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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.

India Adopts Factoring Bill To Help SMBs Secure Working Capital

PYMNTS

India’s parliament has passed a new piece of legislation designed to help small and medium-sized businesses (SMBs) secure more working capital.

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.

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.

Sports NFT Marketplace Dibbs Secures $13M In Funding

PYMNTS

Dibbs , which bills itself as “the only real-time fractional sports marketplace,” announced a $13 million Series A funding round on Tuesday (July 27) that included some high-profile athletes among its investors.