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

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.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

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.”.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

PYMNTS

JUNE 9, 2020

SCA, MFA, All the Way. This includes identity verification companies, which should only collect the information needed to provide an effective identity verification/onboarding experience and consider carefully what data, if any, is retained afterward.”. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

Fi911

JANUARY 18, 2024

Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security. If a transaction seems out of the ordinary for a particular customer, the bank can flag it for further investigation or verification. The post What is Third-Party Fraud? appeared first on fi911blog.

Account Takeovers 85

Account Takeovers MFA Fraud Detection Credit Cards 85

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.

Authentication 130

Authentication MFA Cybersecurity Credential 130

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.

API 52

API B2B MFA Security 52

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.

Real Time Payments 75

Real Time Payments API B2B MFA 75

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.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking MFA Checks 107

PYMNTS

NOVEMBER 12, 2019

Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. It is critical that platforms protect themselves against phishing and malware, Farris said. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40

Stax

JULY 9, 2024

Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes. Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

VISTA InfoSec

FEBRUARY 28, 2024

Today, we turn our attention to Requirement 8: Identify Users and Authenticate Access to System Components. Changes Core Requirement Authentication must use at least one of the following: - Something you know (password) - Something you have (token) - Something you are (biometrics) Same core requirement. c (v3.2.1) -> 8.2.2.c

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Fi911

SEPTEMBER 27, 2023

Understanding Liveness Detection Liveness detection is pivotal in biometric authentication systems. It is often referred to as “anti-spoofing” or “liveness verification.” This adds a crucial security layer, ensuring the authentication process interacts with a genuine source. How Does Liveness Detection Work?

Security 52

Security Identity Theft Verification Authentication 52

VISTA InfoSec

JUNE 18, 2024

In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app. A crafty hacker could infiltrate accounts secured by flimsy credentials.

Data Security 208

Data Security Security Encryption Cybersecurity 208

PYMNTS

JUNE 29, 2020

Multi-factor authentication (MFA) is a much more effective way to secure these entry points by requiring not only a password, but also an additional verification method, such as a code sent to a user’s phone or a biometric system, like a fingerprint reader or facial recognition scanner.

MFA 96

MFA Risk Security API 96

PYMNTS

SEPTEMBER 4, 2019

That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe.

MFA 61

MFA Multifactor Authentication Security Authentication 61

PYMNTS

JUNE 9, 2020

The bank is relying on tools like multi-factor authentication (MFA) to balance seamlessness and security while verifying customers’ identities during mobile onboarding. That means FIs must make sure they can properly authenticate customers at speed and scale.

Online and Mobile Banking 59

Online and Mobile Banking MFA Enrollments SWIFT 59

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. Brown and Webster agreed that, as an authentication method, Alexa (and voice in general) still provides far more questions than answers.

Authentication 41

Authentication MFA Fraud Detection Security 41