Coinbase to Buy Crypto Security Tech Firm Unbound Security

PYMNTS

Coinbase has acquired Israeli-based Unbound Security, which will add more options for crypto-security applications, per a company announcement Tuesday (Nov. The release says Unbound is supporting Coinbase in the new field of secure multi-party computation.

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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Kraken Security uncovers Bitcoin ATM security vulnerabilities

ATM Marketplace

At the same time, there are also security concerns with Bitcoin ATMs. Kraken Security Labs recently uncovered a number of vulnerabilities with a Bitcoin ATM Bitcoin ATMs are becoming a more common sight across the U.S.,

95% of Smartphone Apps are Not Secure on 5G Networks, Security Pros Say

PYMNTS

Over 95% of 5G apps that have been developed are not cyber-secure, so it’s a huge problem.”. If you look at the amount of money some of these groups have made, they’re probably better funded than the security teams that are trying to defend against them.

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.

Why Always On Authentication is the Future of Online Security

PYMNTS

Biometric security in the shape of fingerprint scanners and facial recognition is widely used, be it in police stations, military bases, banks or anywhere else that high security is paramount.

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.

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.

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.

Solving the Payments Data Security and Compliance Problem By Getting Rid of the Data

PYMNTS

To improve compliance, ensure data privacy and cut costs, there are two ways to do it, Mahmoud Abdelkader , CEO and co-founder of Very Good Security , told Karen Webster. Under traditional data collection, maintenance and security constructs, compliance costs are high.

How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

In this webinar, we have a great set of panelists who will take you through how Zero Data strategies can be used as part of a well-rounded compliance and security approach, and get you to market much sooner by also allowing for payment optimization. They’ll share how to grow your business faster and minimize costs for both security and compliance

Voice Tech Holds Key to Unlocking Biometric Security's Full Potential

PYMNTS

Indeed, using voice as a unique identifier can open new capabilities that cannot be unlocked without the proper security that voice verification provides. And while Pindrop is improving customers’ experiences, it’s also making them more secure.

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 .

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

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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Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Deep Dive: How Behavioral Analytics Outperform Knowledge-based Authentication Methods for a More Secure User Experience

PYMNTS

The growing sophistication of fraudsters further amplifies the problem, and poor digital hygiene among users enables bad actors to successfully breach conventional security protocols. The pandemic set off a ripple effect of economic uncertainty that reached virtually every region of the world.

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.

Best Buy Tightens Security, CEO Warns of Impact on Employee Retention

PYMNTS

Best Buy has been locking up some of its merchandise and hiring security guards for some locations, working with retail trade groups to find solutions, the report stated. Retail Best Buy fraud News personnel Security What's Hot

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.

US Bank Debuts Two Secured Credit Cards

PYMNTS

12) rolled out two new secured credit cards, according to a CNBC report, giving consumers the ability to get a credit card without a high credit score. Bank Altitude Go Visa Secured Card and U.S. Bank on Tuesday (Oct.

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Consumers Ready To Look Past Passwords To Keep Digital Bank Accounts Secure

PYMNTS

We examined 2,719 responses from a census-balanced pool of adult American financial and digital account users to determine their views on the security of their digital financial services accounts and the role of user authentication in their perceived sense of safety online.

Markaaz, Mastercard Team on Payments, Security for SMBs

PYMNTS

Markaaz, which connects small- to medium-sized businesses (SMBs) with suppliers, is working with Mastercard to bring the credit card company’s products and services, particularly for payments and security, to SMBs, according to a press release.

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

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.

Keeping Transactions Secure Is Key to Making Business Payments Invisible

PYMNTS

One of the main challenges of accepting so many payment methods, if they're going to be made invisible to end users, is to ensure all of those transactions will be secure and compliant. "It I mean, they're not payment experts, and a lot of times they're not even security-focused or minded.

Tech consortia launches new data security standards body

BankInovation

Eight application programmable interface (API), data and security compliance companies launched a new open finance data security standards body today. Risk & Security data security FDX MX Open Data Plaid Premium

Proposed Bill Requires Ransomware Victims To Disclose Payments To Homeland Security

PYMNTS

Victims of cyberattacks involving ransomware payments would have to report payouts to the Department of Homeland Security (DHS) under the Ransomware Disclosure Act proposed by Sen. Security & Fraud Cybersecurity Legislation News Security What's Hot

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.

Data Brief: 55% of Consumers Don't Store Payment Details, Cite Security Fears 

PYMNTS

In fact, as detailed in a recent report, "The Privacy Paradox," done in conjunction between PYMNTS and Very Good Security, 55% of the more than 2,200 consumers surveyed do not store their payment details with merchants due to security concerns.

FCC Takes on SIM Swapping With More Stringent ID Security Recommendations

PYMNTS

To do so, the FCC wants to amend the rules so carriers have to adopt more secure methods to authenticating customers before redirecting their phone numbers to a new device or carrier, according to the announcement.

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

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.

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

BankID and OneSpan Partner on Digital Banking Security

PYMNTS

BankID will lean on the cloud authentication and anti-fraud offerings from digital banking platform OneSpan to “improve the customer experience and help secure one of the most widely used applications in Norway,” according to an announcement on Wednesday (Sept.

Customers Cite Trust and Security as Restraining Factors in Adopting Digital-Only Banking Service

PYMNTS

Customers value well-known and trusted companies with track records of providing excellent digital experiences and delivering reliable and secured products. Focus on Data Security. Digital Banking banking News Optherium PYMNTS Study Security