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.

US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Facebook B2B Payments cryptocurrency currencies Libra mnuchin money News payment Security treasury What's Hot

Who’s Responsible For IoT Security?

PYMNTS

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.

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

Securing Digital Identities In The Information Age

PYMNTS

Today In Data authentication Commerce digital identity News payments Retail Security security & fraud Today in Data verification VisaPhone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected.

New IoT Security Bill Exposes Rising Data Protection, Safety Concerns

PYMNTS

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.

Regulators Investigate China’s Ex-Securities Regulator

PYMNTS

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.

Deep Dive: Tackling mPOS Solutions’ Security Challenges

PYMNTS

These small entities are seeking to win trust despite not being established brands, but customers will only feel safe if they’re confident that their payment information will remain secure. . This month’s Deep Dive explores its key security risks and the ongoing efforts to mitigate them. .

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.

How Digital Tools Change The Security Landscape

PYMNTS

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims.

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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.

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

Europe as a model for US payment security

Mobile Payments Today

Efforts by European regulators to provide stronger authentication could serve as a model for payments in the U.S., as multi-factor authentication is already available in mobile wallets like Apple Pay

How PSD2 And Open Banking Impact Security

PYMNTS

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.

Microsoft Issues Emergency Internet Explorer Security Update

PYMNTS

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

Amazon launches secured card for underbanked customers

Bank Innovation

Amazon has added a secured credit card to its suite of financial services offerings today, the latest effort to entice underbanked and low-income customers to shop with the e-tailing giant.

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Securing The Self-Serve Store

PYMNTS

In this month’s feature story, Rasmusson explained what it took to secure the 24/7 accessible, automated store against shoplifting, while avoiding the introduction of payment frictions. Consumers want the immediacy of brick-and-mortar shopping without sacrificing eCommerce convenience.

ATM Anti-Skimming Security

ATM Marketplace

ACG security solutions protect customers from fraudulent transactions and stolen card data; limiting institutions down time and protecting financial institutions brands and reputation

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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.

Security Experts Warn About New Scam That Bypasses 2FA

PYMNTS

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). The attack was demonstrated for the first time at the Hack in the Box Security Conference in Amsterdam last month, according to Fortune.

British Airways Employees Say Call Center Data Not Secure

PYMNTS

According to a report in The Financial Times , the revelations by current and former employees at the Bremen call center in Northern Germany raise more questions about how the airline protects data security less than a year after it suffered a major data breach.

The eCase For Liberating $190B In Rental Security Deposits

PYMNTS

Why Cash Security Deposits Should Be the Exception to the Rule. In the real estate space, for example, a cash security deposit is a common way for tenants to secure a new lease with a potential landlord — a costly and cumbersome process for both parties involved in the transaction.

Why Citi Is Using Biometrics To Build Its ‘Security Perimeter’

PYMNTS

In recent weeks, several companies have banded together to develop secure, seamless authentication tools. In other partnership news, financial services firm PayPal recently invested in blockchain security company Cambridge Blockchain.

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.

P2P Security Issues Plague Millions Of IoT Devices

PYMNTS

Marrapese listed the affected security cameras here. Security & Fraud Cyberattack Cybersecurity Internet of Things IoT News P2P peer to peer Security Technology What's Hot

The Security Threat Of Bank-FinTech Collaboration

PYMNTS

Unfortunately, because this area of security and risk mitigation is relatively new, especially for legacy FIs, Simkins said there is still much that security experts have to figure out.

As The IoT Grows, Can It Overcome Security Problems?

PYMNTS

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.

Homeland Security Researchers Find Security Holes In Mobile Devices

PYMNTS

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.

Data Security: Car Edition. Really.

Credit Union Geek

Originally published on CUInsight.com When you hear “data security”, what comes to mind? The post Data Security: Car Edition. Articles all your base are belong to us auto loans car computers cars data security gps lending member safety privacy

Vectra Secures $100M With AI-Driven Tech

PYMNTS

A seven-year-old cloud security company that utilizes artificial intelligence (AI) to find network intrusions has raised $100 million in a Series E funding round led by TCV, according to a report.

Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. AI Solutions for Balancing Security and Convenience. Blockchain-Based Security Methods.

SchoolsFirst Federal Credit Union’s Lesson In P2P Security

PYMNTS

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.

Freeing, And Securing, Trapped Funds Everywhere

PYMNTS

It might get trapped in a security deposit , or get frozen in place by new, ill-understood rules and regulations. tied up in cash security deposits. $57 Today In Data Commerce digital payments fraud friction News payments Security Today in Data

Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

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.

How Mobile Wallets Could Bring Security To Shoppers

PYMNTS

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues.

Delivering Faster And More Secure Payments

PYMNTS

The financial services landscape is moving to upgrade existing payment infrastructures or create new systems to deliver faster and more secure payments.

EY Secures Biz Transactions On Public Blockchains

PYMNTS

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

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

PYMNTS

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.

What WhatsApp’s Security Vulnerability Means For Freelancers

PYMNTS

This week’s news of a security flaw in the Android versions of WhatsApp and Telegram, first revealed by Symantec, marked the latest cybersecurity warning for users of high-profile technologies. In a blog post published Monday (July 15), Symantec warned of the security vulnerability that could lead to what it called a “Media File Jacking,” in which an attacker is able to manipulate a file when sent from one user to another.

Three success factors in security operations

Insights on Business

Financial institutions are leading the charge in building security immune systems, knowing they are most threatened. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy.

Remitly secures $220m to add services beyond remittances

Bank Innovation

Remitly, a Seattle-based online international money transfer service, announced $220 million of new financing on Wednesday to expand its global customer reach and stretch beyond remittances into other areas of financial services.

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

PYMNTS

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.

PayPay Vows To Strengthen The Security Of Its Payment App

PYMNTS

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.