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The Layered Approach To Consumer Authentication

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And at the crossroads of the authentication conversations are the challenges financial institutions face when addressing consumer authentication and how to implement the best practices in order to provide merchants and FIs with sufficient protection against potential fraud. Challenges Of Consumer Authentication.

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

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New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. Cyberattacks have jumped 273 percent in the first quarter of this year over the same period in 2019.

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Is No-Factor Authentication Digital Security’s Future?

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Though there is much that individual firms and the industry as a whole can do to stem the hemorrhage of sensitive data into the hands of cybercriminals – via better encryption, storage and anonymization of data – there is a staggering amount of data already out there from previous breaches that is useful to fraudsters.

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Why Regulation Won’t Fix Credit Reporting Agencies

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Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. I think we all know the answer to that question now.

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Why Digital Identity Needs A New Normal – Now

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Prideaux said he’d be exaggerating grossly if he said that his phone suddenly had started ringing off the hook in the last few weeks because people have suddenly seen the light on the changing face of consumer authentication. The trouble is that those things are not quite invulnerable, Prideaux noted.

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FinTech’s Digital Identity Crisis

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That was the crux of a recent digital discussion Karen Webster had with Ken Allen, SVP of operations at Socure , when the two dug into one increasingly evolving, complex topic that’s driving the future of payments and financial services: authenticating the consumer. “There is no silver bullet in this framework.

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Deutsche Bank Acknowledges Complexity, Confusion In PSD2 Implementation

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Among them are the Regulatory Technical Standards (RTS) on Strong Consumer Authentication (SCA) and Common and Secure Communication (CSC), which will not see an implementation date until the first half of 2019 at the earliest. Proper Preparation.