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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Global Security Officials Meet To Discuss 5G Security


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.

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Can Less Digital Security Actually Be More Secure?


A person’s phone number, according to Meier, can serve as a reliable path toward frictionless, secure interactions between consumers and banks, payment service providers and other organizations. What was the color of the car you owned in 2005? Still remember it? Probably not.

The Future Is Secure For Smart Devices


Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. The latest Intelligence of Things (IoT) Tracker details how these concerns are driving providers to develop new security approaches.

Payments Providers Combat The Conflict Between Security, User Experience


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.

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

Mastercard Lauds Apple Card Security


Apple Card, a new kind of credit card created by Apple, is being applauded by Mastercard for its enhanced security, simplicity, transparency and privacy, CNBC reported on Tuesday (Aug. Apple Apple Card credit cards MasterCard News Security What's Hot

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Entersekt, Netcetera Team Up On eCommerce Payment Security


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.

Who’s Responsible For IoT Security?


Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. These incidents raise questions as to who’s responsible for IoT security.

iRobot On Cleaning Up Smart Home Security


Security continues to be a top IoT concern, however: Mounting data breaches and newly discovered device vulnerabilities have prompted wariness around IoT adoption. iRobot On Cleaning Up Smart Appliance Security Risks. With more than 8.6

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.

Amazon Launches Wi-Fi Security Subscriptions


Amazon is rolling out new subscriptions for eero , the security service that it acquired last year. Advanced security keeps you from accidentally accessing millions of sites associated with harmful content, like malware, ransomware and phishing attacks.”.

Security Flaws Increased For WhatsApp Last Year


WhatsApp, which boasts end-to-end encryption and high-level security, disclosed 12 vulnerabilities in 2019, seven of which were described as critical, according to a report by the Financial Times. Security & Fraud Cybersecurity Facebook News Security What's Hot WhatsApp

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

How FinTech Apps Can Ace Security


The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . How Mobile Financial Startups Can Bridge the Security Gap.

New IoT Security Bill Exposes Rising Data Protection, Safety Concerns


Thus, IoT security is becoming an essential part of modern conversations. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based A lot of the devices we’re talking about have no security. IoT security in a connected world.

PCI Pal Launches Secure Digital Payments Platform


Secure payments provider PCI Pal launched a new digital service on Tuesday (Jan. 28) that will let organizations offer ultra-secure payments across a multitude of channels, from social media to email and everything in between.

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

Even For Smart Sprinklers, Security Matters


Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. In the July Intelligence of Things Tracker™ , PYMNTS explores the latest news in IoT, including partnerships, innovations, security risks, and oversight from world governments.

Selling Security

Independent Banker

Security fears about online banking may be impairing your community bank’s ability to grow demand deposit accounts. Nearly two-thirds of those who do not use mobile banking cite concerns about security issues such as data interception, phone hacking, or a lost or stolen phone.

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.

Behind Mastercard’s approach to data security and privacy

Bank Innovation

Mastercard has unveiled a series of principles that underline its approach to data security and privacy. Mastercard’s principles include security and privacy, transparency and control, accountability, integrity, innovation, and social impact. […].

It’s time to embrace customer data privacy and security

Insights on Business

But for companies that don’t master privacy and security, data can be toxic. At the federal level, congressional leaders have introduced several bills targeting the privacy of data and data security, such as the Privacy Bill of Rights Act from U.S. The time to examine your approach to data privacy and security is now. Learn more about IBM’s data security services and the privacy and data protection practice of Promontory Financial Group, an IBM company.

Securing Faster Payments: Modernizing Account Validation

Mobile Payments Today

In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network.

Gusto Cites Security Concerns In Zenefits API Dispute


” Gusto, on the other hand, said its decision to request changes on Zenefits’ end stems from security issues. … These security protocols exist in order to keep customer information secure and private.

Why Securing The IoT Is The Next Frontier For ISPs


They are places where we can put applications and connect devices,” Eva Apesteguia, director of security services customer strategy at Allot , told PYMNTS in a recent conversation. Because in a world with an increasing number of device types connecting to consumer home networks, those networks need securing now more than ever. And because they don’t have a complex operating system to interact with, they are hard to individually secure and fairly easy for hackers to access.

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.

DataVisor Introduces Anti-Fraud Security Solution dEdge


Security & Fraud Cybersecurity DataVisor Fraud Prevention News Security What's Hot

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Cap One Employees Warned Of Security Issues Pre-Hack


Capital One employees raised red flags over security risks before the company suffered a massive data breach. Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Can AI Fix Consumer Onboarding Security Hiccups?


Such transparency between buyers and sellers allows the economy to quickly grow — but also presents fraud and security challenges.

JPMorgan Ups Security By Blocking FinTechs From Passwords 


Data security is an issue with far-reaching consequences. Security & Fraud data security data sharing FinTechs JPMorgan Chase News passwords Plaid tokens What's Hot Yodlee

FICO’s Take On Debit Security


Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities. Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud.

Samsung Explains Galaxy Smartphone Security Flaw


With a problem that stems from some silicone cases, Samsung explained a significant security flaw that could allow anyone’s fingerprint to unlock the Galaxy Note 10 and Galaxy S10 family of smartphones. Security & Fraud biometrics News Samsung Security Smartphones What's Hot

Regulators Investigate China’s Ex-Securities Regulator


Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. Liu Shiyu had become head of the China Securities Regulatory Commission in 2016.

SEC Proposal Would Allow Token Sales Under Current Securities Laws


Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters. Hester Peirce, a financial regulator at the U.S.