MagTek Introduces AES-256 Encryption with CMAC Authentication
The Nilson Report
JANUARY 25, 2024
The post MagTek Introduces AES-256 Encryption with CMAC Authentication appeared first on Nilson Report.
What is 3D Secure Authentication and How Does It Work
Stax
AUGUST 20, 2024
One solution to counter this problem is 3D Secure Authentication. This article will discuss what 3D Secure Authentication is and how the 3DS authentication process works. We will also examine the benefits of using 3D Secure Authentication for merchants and provide some tips on implementing it at online checkout.
Understanding the Cyber Risks in Video Communication
VISTA InfoSec
JUNE 19, 2024
Attackers can exploit weak security settings, such as the absence of meeting passwords , the use of default or easily guessable credentials, and the lack of end-to-end encryption. Ransomware, a type of malware, is particularly destructive as it encrypts the victim’s data and demands a ransom for its release.
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The Role of PCBs in Cybersecurity
VISTA InfoSec
JULY 19, 2024
As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. The TPM can securely store and generate cryptographic keys, passwords, certificates, and encryption keys.
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Payment Security: Everything You Need to Know About Secure Payments
Stax
MARCH 4, 2024
It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information. What is SSL/TLS?
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Data Breaches 101: What They Are And How To Prevent Them
VISTA InfoSec
FEBRUARY 25, 2024
User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.
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PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained
VISTA InfoSec
JANUARY 22, 2024
This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. Key Management: Requirement 3 also covers the secure management of cryptographic keys used for encryption of cardholder data. PCI DSS v4.0
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PCI DSS Requirement 4 – Changes from v3.2.1 to v4.0 Explained
VISTA InfoSec
JANUARY 23, 2024
Malicious individuals often exploit misconfigured wireless networks and vulnerabilities in outdated encryption and authentication protocols to gain access to cardholder data environments (CDE). Protection can be achieved by encrypting the data prior to transmission, the session during transmission, or both.
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Is No-Factor Authentication Digital Security’s Future?
PYMNTS
FEBRUARY 13, 2020
So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.
5 Common Cybersecurity Blunders Often Made by Commercial Enterprises
VISTA InfoSec
APRIL 3, 2024
Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key. Encrypted data remains safe from prying eyes both in transit and at rest. Implementing strong encryption protocols is a critical step towards securing an organization’s data ecosystem.
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Everything You Need to Know About Secure Payment Processing Systems
Stax
MARCH 15, 2024
The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing. These include: Passwords.
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Protecting Customer Data: Key Principles Every Company Should Know
VISTA InfoSec
MARCH 28, 2024
Data Security To secure customer data, employ encryption for data at rest and in transit. This means encrypting data on your servers and any data being sent over the internet. Use strong, unique passwords and consider multi-factor authentication for an added layer of data security.
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Generative AI Unleashed: Transforming Industries with Cutting-Edge Innovation
Segpay
FEBRUARY 21, 2024
Biometric Authentication: Integrating generative AI in digital payments extends to biometric authentication methods, such as facial recognition and fingerprint scanning. Biometric authentication not only enhances security but also simplifies the user experience.
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PCI requirements and who needs to follow them
Basis Theory
OCTOBER 1, 2024
Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.
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PCI DSS 3.2 focuses on encryption and multi-factor authentication
The Paypers
APRIL 29, 2016
compliance standards which include requirements that merchants and banks must implement in strong encryption and multi-factor authentication. (The Paypers) PCI Council has released PCI DSS 3.2
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PAAY Partners With Bluefin To Further Secure eCommerce Transactions
PYMNTS
NOVEMBER 10, 2020
Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web.
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Authenticating Combines Verification Services To Prevent Identity Fraud
PYMNTS
MARCH 18, 2019
Authenticating combines Acuant , National Student Clearinghouse , TransUnion , Equifax Verification Solutions and other authoritative data providers to provide this service without excessive pass through fees and compliance costs. “I For more thorough background check reports, Authenticating will refer customers to trusted industry leaders.
The 12 PCI DSS Requirements to Ensure PCI Compliance
Stax
JULY 16, 2024
As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. Unfortunately, personal data is most sought-after by criminals.
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HYPR Raises $3 Million To Accelerate Biometric Authentication Suite
PYMNTS
OCTOBER 26, 2016
25) it raised $3 million in financing from RTP, Boldstart and Mesh Ventures to accelerate enterprise deployment of its biometric authentication suite. HYPR encrypts this data so it stays on the device. HYPR, the startup that developed cybersecurity technology to protect biometric data, announced Tuesday (Oct.
Everything You Need to Know About PCI Compliance for Credit Card Processing
Stax
SEPTEMBER 17, 2024
Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.
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PCI DSS Checklist: Secure Your Business
VISTA InfoSec
JULY 31, 2023
Protect Stored Cardholder Data: PCI DSS Requirement 3 reduces risks of storing sensitive data by using encryption, truncation, masking and hashing to protect cardholder data from hackers; thereby ensuring compliance with regulations. Hackers target data in transit, making it important to implement safeguards and encryption measures.
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The New PSTI Act is a Good Start, But do Smart Devices Still Need Better Protections?
The Fintech Times
APRIL 27, 2024
We are advocates for comprehensive privacy measures, emphasising end-to-end encryption, robust authentication mechanisms, and user control over data. “One of the strengths of the PSTI Act is its focus on strong authentication mechanisms. ” Where do APIs come into this?
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Gen Z is leading adoption of new payments. Here’s how BNPL is being affected.
Tearsheet
JULY 1, 2024
Two-factor authentication, encryption and fraud detection are minimum requirements. Security: These payment solutions come with strong security features like advanced encryption and authentication. Implement strong access controls and encryption/tokenization. BNPL is not your grandma’s layaway.
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Are We Having The Right Encryption Conversation?
PYMNTS
MARCH 24, 2016
“Encryption is one of the best ways to protect data. With respect to payments specifically, where the encryption of payment information is a vastly different issue than the encryption of communication channels, the balance of having both security and privacy may be more achievable. Department of Justice has demonstrated.
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Bybit Card Brings Apple Pay to Customers
Fintech Finance
JUNE 17, 2024
Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. “This integration represents a significant leap forward in our commitment to providing seamless, secure, and innovative financial solutions to the global market.”
Peak XV-Backed Arta Finance Gets MAS License to Launch Wealth Platform
Fintech News
JULY 17, 2024
The platform runs on Google Cloud and employs advanced encryption as well as biometric and hardware-based authentication measures. It also uses AI to create personalised, automated portfolios, enabling direct indexing for risk management. With dual-headquarters in Singapore and the U.S.,
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PSD2 Strong Customer Authentication – 3 Reasons to Include SMS
FICO
FEBRUARY 18, 2019
Over the past few weeks, I’ve seen several articles and seen and heard many comments that are positively crowing about the demise of SMS as a factor for PSD2 Strong Customer Authentication. 1 It Is a Permissible Authentication Method for PSD2. Here are 3 reasons why it still needs to be part of your SCA strategy.
Bluefin Boosts Payment Encryption Within The LAC Market
PYMNTS
MARCH 8, 2017
Through the partnership , Bluefin’s PCI-validated point-to-point encryption (P2PE) solution will be used to help expand the data security for companies utilizing FAC’s payment gateway. On Tuesday (Mar.
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Bank payment system robbery calls for multifactor authentication
Payments Source
AUGUST 14, 2017
An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.
Mobile Phones and the Future of Payments Beyond 2024
Clearly Payments
MARCH 22, 2024
At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization. Encryption ensures that data transmitted during a transaction is scrambled and unreadable to unauthorized parties. Security is a critical component of mobile payment technology.
Ripple Expands Footprint in Japan and Korea With New Fund
The Fintech Times
JUNE 11, 2024
VWBL (Japan) The ‘Viewable’ Protocol, VWBL, focuses on utilising NFTs to encapsulate encrypted data to authenticate real-world scenarios, such as medical exams. VWBL is an on-chain condition-based access control protocol and key management network that operates across multiple blockchains.
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Bridging the Banking Divide: The Rise of E-wallets in the Philippines
The Fintech Times
MARCH 14, 2024
Furthermore, e-wallets offer enhanced security features such as PIN codes, biometric authentication, and encryption, mitigating the risk of theft or fraud associated with carrying physical cash.
J.P Morgan Aims to ‘Reimagine’ Retail Experience With PopID and Biometric Payments
The Fintech Times
AUGUST 7, 2024
During enrollment, customers take a photo of their face which is converted into a template, encrypted and stored in the PopID cloud. Allowing people the freedom to authenticate loyalty and pay how they want, while levelling up security, is critical to today’s consumer.” The post J.P
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Instant Financial Launches New Mobile App to Support Employees With Faster Access to Earned Wages
The Fintech Times
MARCH 21, 2024
Modern Security Features: State-of-the-art security protocols, such as facial and fingerprint biometrics, multi-factor authentication, and encryption technologies protect user information and provide peace of mind. Flexible Payment Options: Users have the freedom to choose how and when they access their wages.
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In Profile: Patrick Smith, CEO of Zally
The Fintech Times
FEBRUARY 13, 2024
Patrick Smith is the founder and CEO of Zally, the Manchester-based tech startup leading the way with continuous user authentication. At Zally, our plan is to flip the notion of online security and identity authentication on its head. Right now, we’re moving towards the Beta launch of our continuous authentication solution.
Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business
Stax
JULY 9, 2024
Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. Biometric authentication Biometrics can seem a bit daunting, but most people are already using this technology to open their phones dozens of times each day.
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5 Reasons Why Collecting Payments with a PDF Form Isn’t PCI Compliant
EBizCharge
JULY 19, 2024
Lack of encryption Encryption is essential for protecting sensitive cardholder data during transmission over public networks. Standard PDF forms don’t typically offer end-to-end encryption for data in transit or at rest, making the sensitive information vulnerable to interception or unauthorized access by cybercriminals.
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How Payment Gateway APIs Work and Code Examples
Clearly Payments
JUNE 7, 2024
The API authenticates the request, forwards transaction details for authorization by the respective banks, and processes the transfer of funds upon approval. Authentication : The payment gateway API authenticates the request using API keys or OAuth tokens to ensure it originates from a trusted source.
SUNRATE Brings Apple Pay to its Commercial Credit Card Customers
Fintech Finance
APRIL 8, 2024
Customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
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Tap to Pay: What It Is and How It Works
Stax
NOVEMBER 13, 2023
Authentication: The payment terminal validates the transaction by sending the payment details to the payment network (such as the card issuer—e.g. Secure transaction: The payment network verifies the transaction details, ensuring sufficient funds and confirming the transaction’s authenticity. Q: Is tap to pay secure?
SUNRATE Offers Apple Pay Functionality for Credit Card Customers
The Fintech Times
APRIL 8, 2024
Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or a device passcode, as well as a one-time unique dynamic security code. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.
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Apple Announces CryptoKit For Digital Wallet Developers
PYMNTS
JUNE 5, 2019
The new framework will offer key generation, hashing, encryption and exchange for developers. System frameworks encrypt both data at rest and data in transit in a transparent way for you,” Apple said. Data encryption will be possible both at rest and in transit. This functionality is available by simply setting an attribute.
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A Comprehensive Overview of Salesforce
EBizCharge
AUGUST 8, 2024
Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.
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What is an EFT Payment? Everything to Know About This Method of Payment
Stax
JULY 9, 2024
Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.
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