Payments Source

OCTOBER 15, 2019

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

Multifactor Authentication 71

Multifactor Authentication MFA Authentication Identity Theft 71

Payments Source

JANUARY 9, 2019

By adding device, cryptographic keys and behavioral ID, fake biometrics become harder for crooks to use, according to Bimal Gandhi, CEO of Uniken.

Multifactor Authentication 82

Multifactor Authentication Authentication ISOs Process 82

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

Payments Source

MAY 5, 2016

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.

Multifactor Authentication 72

Multifactor Authentication Authentication Payment Security Security 72

The Fintech Times

JANUARY 23, 2025

The app’s use of multifactor authentication also reduces the risk of fraud. Swish’s simple payment experience also aims to reduce the number of abandoned baskets. In fact, the high penetration of Swish in Sweden means it is likely to reduce cart abandonment by up to 69 percent.

Multifactor Authentication 59

Multifactor Authentication Alternative Payment Methods Payments Authentication 59

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.

Multifactor Authentication 65

Multifactor Authentication Authentication Encryption Payments 65

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

JULY 10, 2020

FIs can adopt more robust login approaches to make it less likely that bad actors can obtain the necessary information to pass authentication checks. FIs can mitigate this risk by having customers answer certain questions after providing passwords, for example, or asking that they undergo facial- or fingerprint-based biometric authentication.

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

OCTOBER 15, 2020

Secret Double Octopus , which works in passwordless authentication for security online, has secured a strategic investment from SC Ventures, the FinTech and investment arm of international banking group Standard Chartered , a press release says. The company boasts a simple user experience and a formidable protection against cyberattacks.

Multifactor Authentication 79

Multifactor Authentication Authentication Financial Crimes Cybersecurity 79

The Paypers

FEBRUARY 10, 2017

(The Paypers) iovation , a provider of device intelligence-based authentication and fraud prevention solutions, has announced the general availability of its LaunchKey mobile multifactor authentication solution.

Multifactor Authentication 28

Multifactor Authentication Authentication Fraud Prevention 28

Bank Automation

NOVEMBER 21, 2024

Financial institutions concerned about cybercrime will be investing in next-generation multifactor authentication solutions in the next year to combat cybercrime. Deploying these solutions in 2025 is a top priority for FIs as AI-related fraud becomes increasingly sophisticated, according to a Nov.

MFA 59

MFA Multifactor Authentication NOV Authentication 59

The Paypers

JANUARY 18, 2017

(The Paypers) Vanguard Integrity Professionals has announced the immediate availability of its enhanced Multifactor Authentication solution across its enterprise cybersecurity software suite.

Multifactor Authentication 28

Multifactor Authentication Authentication Cybersecurity 28

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.

Zelle 89

Zelle P2P Scams Financial Crimes 89

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

AUGUST 16, 2019

The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

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.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

OCTOBER 6, 2020

The challenge of this last mile,” she said of PSD2 and multifactor authentication, “has been to ensure that at this stage of the payment to the merchants, there are no issues and everything is hassle free.”. Asked about the emergence of the single market — a digital one — across the EU, Metodieva cautioned that we are not there yet.

IBAN 94

IBAN Multifactor Authentication Multi-Currency Authentication 94

PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

SEPTEMBER 22, 2020

The feature can connect to more than 11,000 financial institutions (FIs) and retains security through multifactor authentication and tokenization, Acumatica explained.

Use Case 110

Use Case Payment APIs and Integration Credit Union FinTech 110

PYMNTS

OCTOBER 8, 2020

This is why verifying consumers’ identities by authenticating their email addresses and other details must be as seamless as the rest of the onboarding experience, Ryan Wuerch , CEO and founder of cash-back platform Dosh , said in a recent PYMNTS interview. . Consumers do not expect to have to choose between speed and security, however.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

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 Checks MFA 107

PYMNTS

DECEMBER 5, 2016

In June, Qualcomm announced its Snapdragon 820 processor would become the first mobile system on a chip to receive FIPS 140-2 Level 2 hardware certification that adds an advanced layer of cryptographic authentication to protect biometric data. Second, an authenticator code on a secure environment is necessary for the hardware itself.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

PYMNTS

AUGUST 24, 2020

This multifactor authentication strategy can be as easy as walking down the hall to meet face-to-face with the chief financial officer, yet with teams still working remote, the process has migrated to the phone or video chat. One seemingly real enquiry to change bank account details can — and often does — mean millions of dollars lost.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

SEPTEMBER 3, 2020

No matter the tools deployed across the issuers, acquirers or consumers, multifactor authentication (and risk scoring) will continue to be an important part of the payments ecosystem and do much to ensure confidence in secure transactions.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

AUGUST 7, 2019

NSTIC called out the national need to eliminate PINs and passwords as single authentication factors and to use multifactor authentication for stronger [verification],” Temoshok explained. “It NIST is also a member of the FIDO Alliance , an association of businesses that develops non-password-based authentication solutions.

Multifactor Authentication 47

Multifactor Authentication Governance Government Data Breach 47

PYMNTS

JANUARY 27, 2021

In this week’s look at the latest in Commercial Card Innovation, PYMNTS examines the tactics industry players use to overcome hurdles, including complex strong customer authentication (SCA) compliance requirements and the pain of supplier non-acceptance. Billtrust, REPAY Drive Virtual Card Adoption.

Commercial Card 94

Commercial Card Payroll Multifactor Authentication B2B 94

PYMNTS

NOVEMBER 16, 2020

KeyBank’s strategy for fighting APP fraud is twofold, consisting of customer education and back-end authentication procedures. On the front end, we protect the front door through user authentication to make sure that the person sending the transaction is the correct individual and authorized to do so. “On

Authentication 72

Authentication Best Practices Multifactor Authentication Fraud Prevention 72

The Paypers

JULY 11, 2024

million Authy users, a multifactor authentication app by Twilio. Schubert Jonckheer & Kolbe LLP is investigating a data breach affecting 33.4

Data Breach 36

Data Breach Multifactor Authentication Breach Authentication 36

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

JANUARY 10, 2019

The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA). PSPs have been steadily gathering more information from merchants.

Multifactor Authentication 69

Multifactor Authentication Authentication Compliance Service Provider 69

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

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. Digital communications company Twilio is using AI to make voice prints a form of back-end authentication.

MFA 59

MFA Authentication Multifactor Authentication AI 59

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

APRIL 16, 2020

Insufficient security approaches, such as failure to sufficiently protect AP systems against unauthorized users — such as by implementing multifactor authentication — might contribute to such problems. Healthcare companies must especially be vigilant about their AP defenses even as the pandemic puts pressure on them to act quickly.

Cross-Border 52

Cross-Border Multifactor Authentication Security Automation 52

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.

MFA 46

MFA Multifactor Authentication AI Authentication 46

The Paypers

AUGUST 24, 2017

(The Paypers) Australia-based cybersecurity company TokenOne has announced the involvement in a consortium project for the US National Cybersecurity Center of Excellence (NCCoE).

Multifactor Authentication 28

Multifactor Authentication Cybersecurity Authentication 28

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