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Why Layering Is Going Out Of Fashion In Consumer Authentication

PYMNTS

Google’s Project Zero, an in-house team tasked with finding and publishing security and privacy vulnerabilities it finds in public software, released a blog post detailing major security holes it had discovered in iPhone software going back two years.

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

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. The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. .

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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

The Illinois Biometric Information Privacy Act , a state law enacted in 2008, gives users a “property interest” in the algorithms that establish their digital identities. Washington and Texas also have laws focused on biometric data and privacy, but those laws are considered far weaker than the Biometric Information Privacy Act, or BIPA.

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Is No-Factor Authentication Digital Security’s Future?

PYMNTS

Between synthetic ID fraud and good old-fashioned identity theft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.

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FIDO ED On Google’s Biometric Move Beyond The Password

PYMNTS

The first FIDO authentication deployment took place in 2014 when PayPal and Samsung enabled consumer authentication via fingerprints on the Samsung Galaxy S5. He said too, that the over the longer term consumers will become more focused on authentication, and privacy will become a distinguishing factor.

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Is Turkey Ready For Open Banking Ahead Of Its EU Counterparts?

PYMNTS

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. An interesting feature of the Turkish banking system is that while it implemented PSD1 and PSD2, it was not compelled to enact strong consumer authentication (SCA).

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AML/KYC Fast-Tracked In Open Banking Boom

PYMNTS

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. Doing data right” is now critically important.

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