VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

Verification 59

Verification Money Laundering Authentication API 59

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Deep fake threats John Baird, co-founder and CEO of Vouched.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. In the latest Digital Identity Tracker , PYMNTS takes a look at digital identity credential developments around the world. to the U.K. Around The Digital ID World.

Authentication 53

Authentication Rules Credential Governance 53

Finovate

JANUARY 8, 2024

The collaboration combines OneID’s customer authentication capabilities with AperiData’s financial and risk insights to enhance decision-making for lenders. ” Individuals use OneID by selecting the identity verification option during the online onboarding or signup process. . Stephen Ashworth is CEO.

Verification 59

Verification Credit Union Financial Inclusion Authentication 59

PYMNTS

SEPTEMBER 15, 2020

In the new Digital Identity Tracker, Paine discusses why digital ID verification tools could hold the key to sharing platform satisfaction. The sharing economy is projected to reach more than $300 billion in global revenue by 2025, yet identity verification provider Jumio found that one in five adults using sharing services feel insecure.

Economy 82

Economy Verification Authentication Credential 82

PYMNTS

APRIL 6, 2017

By solving the identity problem and centering the ecosystem around the individual and not the enterprise, Hall said it can create silos of people being in charge of their own data and authenticating themselves in a trusted way. When people use “multi-factor authentication,” it can often mean different things.

Authentication 48

Authentication Verification Credential Identity Theft 48

PYMNTS

MARCH 27, 2019

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. In other areas of retail, there are more backend safeguards when it comes to authentication.

Authentication 46

Authentication Verification Money Laundering Regulatory Compliance 46

The Fintech Times

JUNE 26, 2024

Snowblind specifically targets banking apps by exploiting accessibility services, allowing cybercriminals to steal login credentials and hijack banking sessions for unauthorised transactions, leading to financial loss.

Security 111

Security Cybersecurity Credential Compromise 111

Payment Savvy

MAY 10, 2024

The process is straightforward: you select your financial institution, provide your login credentials, and confirm the necessary security details to share the required data. With Plaid acting as the intermediary, your sensitive login credentials never get shared directly with Venmo, enhancing the security of your financial information.

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. That’s not easy. Are end users ready to manage their own IDs?

Verification 68

Verification Authentication Cross-Border Risk 68

Finovate

OCTOBER 8, 2024

Because it leverages Plaid’s bank network, the new pay-by-bank tool does not require consumers to find their checkbook, manually enter their account and routing numbers, and wait for verification.

Non-Bank 59

Non-Bank Risk Assessment Processors Returns 59

PYMNTS

JULY 2, 2019

What about the golden age of age verification? However, as more age-restricted products move online, robust and seamless digital age verification takes on more importance, a trend that promises to grow in the coming few years. The increasingly old-fashioned age-verification pop-up box isn’t cutting it anymore, at least in his view.

Verification 65

Verification Legal Laws Push-to-Card 65

Fi911

OCTOBER 11, 2023

This advanced solution is also known as “anti-spoofing” or “liveness verification.” In doing so, it protects our banking processes and ensures only authentic interactions. Liveness detection is a pivotal security feature in different authentication processes, including biometric verification. What is Liveness Detection?

Deepfake 52

Deepfake Verification Authentication Breach 52

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. EMV Cards Face Crucial Verification Security Gaps. billion per year in incremental growth between 2018 and 2023.

EMV 67

EMV Chip Cards Verification CHIPS 67

PYMNTS

APRIL 25, 2019

For a lot of businesses, “advanced age verification” isn’t really all that advanced. Business owners seem to think that a pop-up is enough — that checking a box is the same thing as providing heightened age verification,” Matt Fields, VP of AgeChecker.Net , told PYMNTS in a recent conversation. Check Yes if you are 18.”. How It Works.

Verification 78

Verification Checks Best Practices Legal 78

PYMNTS

OCTOBER 24, 2018

For Tern Commerce, clearing those hurdles previously meant manually reviewing identity documents and other credentials, which is both expensive and time-consuming. This pushed Bonkowski and his team to explore digital authentication solutions to protect its global user base. Onboarding Global Consumers. Protecting Purchases.

Authentication 66

Authentication Push-to-Card AML Debit Card 66

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

JUNE 11, 2020

In an interview with Karen Webster, Zac Cohen , chief operating officer of Trulioo , said complex issues surrounding ID verification, public health and even fraud are coming to the forefront as the coronavirus changes every facet of life. In the effort to battle the pandemic, will the “trust economy” take a hit?

Verification 58

Verification Database Economy Government 58

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 85

Account Takeovers MFA Fraud Detection Credit Cards 85

PYMNTS

JUNE 8, 2020

Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. MFA requires customers to prove their identities by providing at least two types of credentials.

Authentication 60

Authentication MFA Phishing Scams 60

Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Digital mule networks exploit this, testing stolen credentials across various banks.

Deepfake 120

Deepfake APACS Scams Authentication 120

PYMNTS

MAY 24, 2017

This all comes as no surprise to Brett McDowell, who is working with a team of corporations in verticals from financial services to software to take human error out of the authentication equation, as part of the FIDO Alliance. Because once hackers get their hands on the information, it’s already too late to stop them. No Password, No Cry? .

Authentication 40

Authentication Credential Ransomware Phishing 40

Finovate

APRIL 9, 2024

Candour Oy Candour ID by Candour Oy introduces breakthrough technology in biometric verification, featuring advanced anti-spoofing and facial recognition for the highest accuracy and efficiency in the market. Method Financial Method Financial is a liability account connectivity API for lenders, fintechs, and financial institutions.

Financial Literacy 52

Financial Literacy Credit Union AI Credential 52

Fintech Finance

MARCH 28, 2024

Instead, an automatic email lookup coupled with two-factor authentication allows the cardholder to access available cards instantly when they arrive at the checkout, before permitting their bank to securely share their payment credentials directly with the retailer.

Visa 52

Visa Security Credential Payments 52

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Nanonets

SEPTEMBER 27, 2024

In the insurance industry, STP translates to automating various processes such as financial credibility assessment, KYC/Identity verification, underwriting, and claims processing. to assessment, verification, and settlement. ✅ One-click Authentication against external databases: 1. ” 2.

Process 52

Process Underwriting Automation Database 52

Nanonets

OCTOBER 1, 2024

Setting up the NetSuite API Before you can start creating sales orders using the NetSuite API, you'll need to set up your account access and ensure proper authentication. Under the SuiteCloud tab, ensure that REST Web Services and Token-Based Authentication are enabled. Here's how you authenticate using OAuth 1.0:

API 52

API Payment APIs and Integration VARS Authentication 52

PYMNTS

AUGUST 10, 2020

Biometric identity verification is proving perhaps the best weapon we have to defend against the synthetic frauds and deep fakes that are starting to dominate cybercrime. “By These methods could be especially useful for online age-verification processes, as biometric measures are highly accurate and difficult to fake.”.

Credential 56

Credential Account Takeovers Authentication Duplicate 56

PYMNTS

OCTOBER 4, 2019

As digital identities fast become a part of everyday life, the identity verification market is expected to reach $12.8 Digital verification is particularly important for governments, which are increasingly adopting digital identity solutions as cost-effective replacements for physical ID documents. billion by 2024.

Checks 57

Checks Verification Authentication Governance 57

PYMNTS

MARCH 1, 2019

Customers want to input their personal details and payment credentials, sign up, place their order quickly and move on. The need to address verification challenges is growing around the world, as customers rely more on online services for ordering food and drink, leading to fierce competition among delivery services.

Verification 62

Verification Authentication Blockchain Credential 62

PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

SEPTEMBER 14, 2018

carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device. The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. These networks already provide second-factor authentication via SMS messaging.

Authentication 65

Authentication User Authentication Data Breach Credential 65

PYMNTS

FEBRUARY 3, 2020

Sharing economy platforms rely on trusted relationships between buyers and sellers, and large-scale fraud can dissolve that trust, so they will need to ensure their verification tools are on security’s cutting edge with AI-focused offerings. The static verification problem. AI’s role in sharing verification.

AI 53

AI Security Consumer Fraud Detection 53

PYMNTS

APRIL 30, 2019

We at PYMNTS come here not to bury biometrics, but to explore another way of bringing identification and age verification to the masses — a method that, in the view of Alain Meier, CEO of Cognito , could help eCommerce operators stay ahead of regulators and otherwise offer relatively friction-free authentication to consumers around the world.

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

DECEMBER 3, 2019

In the December Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including a new digital driver’s license in the state of Colorado, a prototype facial recognition system for air travel in Finland and emerging methods that could threaten the validity of biometric authentication.

Verification 52

Verification Authentication Breach Data Breach 52