PYMNTS

OCTOBER 11, 2018

In the latest issue of the Omni Security And Authentication Report , PYMNTS explores how banks are working to both prevent cybercrime and deal with the aftermath of a successful attack. Around The Security And Authentication Space. How to react and recover when that impact hits. Even the U.S. About The Report.

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Security Authentication Enrollments Breach 69

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. Yet, it is the financial services industry, he remarked, that knows there must be new and robust alternatives to knowledge-based authentication (KBA) in the offing. “I

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PYMNTS

MAY 8, 2019

From company board rooms to airport boarding gates, the need for seamless authentication is putting biometrics front and center in varying use cases. With that shift, older authentication tools, such as physical tokens, are seeing a decline in use. Meanwhile, in Thailand, KBank is embracing biometrics for new customer enrollments.

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Security Authentication Compromise Blockchain 68

PYMNTS

OCTOBER 12, 2018

With next-day processing, those payment systems can function with a certain methodical authentication process because the window is long enough to allow it. If the payments — push or pull — are in real time, he said, then the authentication has to be in real time as well. That window is evaporating,” he noted. What’s Next.

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Faster Payments Authentication Payments Enrollments 73

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

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PYMNTS

JULY 15, 2020

This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. Medical records command a high value on the dark web and can be listed for 10 times more than the average credit card data breach record. Medical Records = Dark Web Gold.

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FICO

AUGUST 28, 2020

However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. In general, organizations need to stop looking for ‘magic bullets’; there is no single authentication factor that will work for all customers in all scenarios. Biometric Authentication.

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Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). In one example of that groundswell, he said, Microsoft has debuted Windows Hello for Business in Windows 10 and the Microsoft Authenticator app. Evolution and Adoption .

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Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

NOVEMBER 1, 2017

protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. New data points, including the location-based information, are provided as part of the 3DS 2.0 Data Trove.

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Security Enrollments Authentication Issuers 43

PYMNTS

SEPTEMBER 6, 2019

The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud. Users’ voices, how they hold their phones or type and their fingerprints are all factors call centers are examining for more secure authentication.

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MFA Authentication Phishing Verification 49

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier.

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Fed Secure Payments Task Force Security Federal Reserve 77

Stax

NOVEMBER 6, 2023

Moreover, companies need to follow data privacy and compliance requirements to stay in business. There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Let’s get started. PANs, customer information, credit card numbers, etc.

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Encryption PCI DSS Data Security Origination 88

PYMNTS

APRIL 11, 2017

Data breaches are so commonplace, might we have become immune to the news of more credentials hacked, more identities stolen? Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. Data Point One: One Billion Plus.

Credential 40

Credential Enrollments Authentication Breach 40

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines? Technology is a paving mechanism,” Barnhardt said. “It

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

FEBRUARY 22, 2019

That’s especially true along the traditional and current methods of authentication , he said. Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., Nowadays, verification spans many conduits and data points — including something the consumer is (i.e.,

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

AUGUST 10, 2017

The overarching theme is to mitigate risk when it comes to offering individuals access to government services, in an effort to keep their personal data safe and the agency from a breach of data — and the conduits to getting there have, perhaps, more moving parts than you might expect.

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Social Security Security Credential Authentication 53

PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

Stax

FEBRUARY 28, 2024

Make sure that your SaaS billing platform is fully compliant with PCI DSS security regulations and can securely store credit card data on file via payment tokenization. This gives both you and your customers confidence that data breaches can be avoided. Want to learn more? Get in touch with our SaaS payment experts today!

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Payment APIs and Integration Automation PCI DSS Fraud Prevention 88

PYMNTS

JANUARY 2, 2017

Throughout the issues of the 2016 PYMNTS.com Digital Identity Tracker , we reported on what could be the end of a familiar security protocol — the username and password — and the dawning of new biometric authentication. We caught up with FIDO Alliance President Brett McDowell to find out more about these new authentication methods.

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ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

JULY 23, 2018

Everything’s fair game, it seems, from names and Social Security numbers (SSNs) to account data, and even info gleaned off social profiles (more on this in a minute). Equifax may have its place as a watershed hack in the annals of data breaches , but it stands as only one of many. As many as 1.5

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