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FIs budget for next-gen MFA solutions for 2025

Bank Automation

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.

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7 Important Theft Protection Features for a Cryptocurrency Wallet

VISTA InfoSec

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.

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7 Important Theft Protection Features for a Cryptocurrency Wallet

VISTA InfoSec

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.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Key Amendments “Class A” Companies The Amendments create a new category of covered entities — deemed “Class A” companies — with heightened cybersecurity obligations.

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Deep Dive: How Biometrics Help Telecommunication Companies Fight Onboarding Challenges, SIM Swap Fraud

PYMNTS

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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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. MFA requires customers to prove their identities by providing at least two types of credentials. Fighting Phishing.

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B2B APIs Bring Connectivity, Security To The Cloud

PYMNTS

Increasingly, firms are moving toward multifactor authentication and OpenID Connect to combat … risk,” Anthony Golia , chief architect of North America financial services at Red Hat, told PYMNTS. MFA and APIs Make A Good Pair. Studies have found that using MFA can prevent more than 99.9 Cloud Havens and Changing Keys.

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