PYMNTS

NOVEMBER 27, 2020

Overtaxing the royal attention span — that of the consumer — is a mistake, so multifactor authentication (MFA) processes are morphing in various ways to reduce onboarding frictions while maintaining rigorous multifactor authentication (MFA) and other fraud-fighting tools. Taking Authentication To The Streets.

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The Fintech Times

MAY 24, 2024

Only 45 per cent of global organisations have implemented multi-factor authentication (MFA). Other notable findings for UK decision-makers Organisations have protections against identity fraud, but the UK relies on multi-factor authentication in place of more advanced technologies. childhood pets, mother’s maiden name.

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PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. 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.

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PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

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Stax

MARCH 4, 2024

How do two-factor authentication and “3-D secure” protect payment information? Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Beyond that, it helps to use multi-factor authentication (MFA) for transactions and access controls.

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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.

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VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts.

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Payments Source

OCTOBER 15, 2019

MFA stops broad attacks, but more targeted hacks can still get through, says KnowBe4's Roger Grimes.

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The Paypers

MARCH 1, 2023

US-based authentication company 1Kosmos has announced that its 1Kosmos DevX platform will work with existing and new applications in a simplified process.

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VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

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PYMNTS

FEBRUARY 18, 2020

It can also help financial institutions (FIs) assess data from multiple channels, create seamless connections and enable them to make complex authentication decisions and detect fraud in real time. Omnichannel Fraud Protection.

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PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

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CB Insights

FEBRUARY 20, 2017

This year, multi-factor authentication is one increasingly hot area within the cybersecurity industry. Multi-factor authentication (MFA) is a security protocol that requires more than one unique credential to verify a user’s … Continued. Cybersecurity companies saw a record number of deals last year.

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The Paypers

MAY 26, 2017

(The Paypers) Vera has announced the support for multi-factor authentication (MFA) solutions by Duo Security , RSA SecureID and Twilio.

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The Paypers

OCTOBER 25, 2016

(The Paypers) Authlogics has announced the launch of its multi-factor authentication (MFA) platform to enable retail banks` customers to securely access online, mobile and telephone banking services.

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Authentication MFA Online and Mobile Banking Security 42

The Paypers

APRIL 21, 2016

(The Paypers) Centrify has announced the multi-factor authentication (MFA) service throughout the entirety of their identity and access management offerings.

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PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. This month’s Deep Dive explores the financial crime threats that open banking systems face in their deployment, and how MFA and ML systems are being leveraged to protect them.

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PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). Voice Authentication. Call centers are especially vulnerable. Lindsay Sacknoff, head of U.S. Lindsay Sacknoff, head of U.S.

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The Paypers

JUNE 22, 2017

(The Paypers) Authlogics has announced the release of Authlogics Authentication Server 3.0, the company’s multi-factor authentication (MFA) solution.

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PYMNTS

JUNE 9, 2020

SCA, MFA, All the Way. Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder.

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The Paypers

OCTOBER 31, 2017

(The Paypers) Sony has filed with the US Patent and Trademark Office (USPTO) a patent application for a blockchain-based multi-factor authentication system (MFA).

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The Paypers

JUNE 19, 2018

(The Paypers) Didier Perrot from inWebo reveals more about the way the company caters for customers’ authentication needs (for banks and fintechs), and outlines the MFA market in France

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Fi911

JANUARY 18, 2024

Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security. Beyond this, working with clients and customers to continuously improve the authentication process is equally as valuable against every type of fraud out there. The post What is Third-Party Fraud?

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The Paypers

JUNE 8, 2016

(The Paypers) Clavister has launched an authentication solution which combines The Clavister MFA Server, a mobile app Clavister Authenticator and an SMS-based One Time Password (OTP) service.

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Fi911

JANUARY 31, 2024

From customer authentication to funds transfer, this technology is poised to become a central element in various banking processes. Embracing Transformation: Envisioning Gen AI’s Impact on Banking Generative AI, driven by advanced deep learning models, stands poised to redefine the landscape of finance.

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VISTA InfoSec

APRIL 3, 2024

Furthermore, strong authentication measures, such as two-factor or multi-factor authentication (MFA), verify the user’s identity before granting access to sensitive systems and data.

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PYMNTS

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. Cloud Havens and Changing Keys.

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PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Biometric authentication methods like fingerprint and facial recognition scans are now standard on the latest smartphone models. It's that easy.”.

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MFA Verification Online and Mobile Banking Multifactor Authentication 71

The Paypers

DECEMBER 20, 2016

(The Paypers) According to a survey from SecureAuth , the use of multi-factor authentication (MFA) has raised with more than 40% year-over-year in 2016.

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Fintech News

MAY 20, 2024

Ensure Secure and Frictionless User Experiences with Passkeys June 18, 2024, 16:00 CEST With consumer demand for multi-factor authentication (MFA) on the rise, it’s essential for brands to adapt and offer passwordless authentication experiences.

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The Paypers

OCTOBER 12, 2018

(The Paypers) Unibank, a Panama-based bank specializing in corporate and private banking, and Datapro have implemented Verified by Ipsidy , a mobile, biometric multi-factor authentication solution.

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The Fintech Times

AUGUST 23, 2024

Additionally, key organisations such as the Mongolian Fintech Association (MFA), established in 2019, have been instrumental in fostering the development of the fintech ecosystem. With nearly half a million users, SocialPay set the stage for the growth of digital financial services in the country.

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PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. Deep Dive: Harnessing Authentication, Machine Learning To Counter B2B API Fraud. About The Tracker.

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PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. FIs can struggle to detect such attacks because fraudsters provide the authentication details necessary to access the accounts.

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PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

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Fintech News

MARCH 25, 2024

New capabilities observed within banking malware in 2023 include: Automated transfer system (ATS): A framework that allows cybercriminals to automate fraud by extracting credentials and account balances, initiating unauthorized transactions, obtaining multi-factor authentication (MFA) tokens, and authorizing fund transfers; Telephone-based attack delivery (..)

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PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

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