IBM upgrades mainframe to speed data encryption
Payments Source
JULY 17, 2017
Credit card or personal data transactions getting processed through IBM equipment will soon benefit from "one-click" data encryption in a powerful new mainframe.
Advanced Data Security: Safeguarding Your Business In The Digital Age
VISTA InfoSec
JUNE 18, 2024
Backup Your Data Regularly Safeguarding your vital data is non-negotiable. Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. When crisis inevitably strikes, you’ll bounce back with irreplaceable data intact.
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254 PCI updates data encryption standard to increase product availability
Payments Source
DECEMBER 12, 2019
In updating its point-to-point encryption standard, the PCI Security Standards Council says the resulting simplified validation process for component and software providers will result in more products available for cardholder data protection.
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Data Breaches 101: What They Are And How To Prevent Them
VISTA InfoSec
FEBRUARY 25, 2024
Secure Passwords Enforce complex password requirements, password manager usage, frequent rotation policies, and supporting infrastructure across all accounts with access to sensitive data.
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MoviePass' data encryption problem is an epidemic in payments
Payments Source
SEPTEMBER 2, 2019
Many companies have tools in place alerting them to possible security issues, but if companies get a large volume of issues, this quickly overwhelms the ability for security and risk professionals to analyze, prioritize, and remediate, writes DivvyCloud's Chris DeRamus.
Remote Work Business Continuity: Best Practices
VISTA InfoSec
APRIL 5, 2024
The aftermath of a data security concern could change the landscape of your business, depending on the incident. Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats.
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Hewlett Packard's Encryption Tech Proves Its Worth at Heartland
Payments Source
APRIL 5, 2016
A data encryption method that Heartland Payment Systems CEO Robert Carr swears by has received high-level acceptance as part of a new standard.
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Accenture and SandboxAQ partners to upgrade data encryption
The Paypers
JULY 31, 2024
Accenture and SandboxAQ have announced an expanding partnership to help strengthen data encryption for enterprises and protect against future threats.
OnBase Encryption Software Becomes a Fraud Detection Tool
Payments Source
MAY 3, 2016
After planting its roots firmly in data encryption and enterprise content management for Payment Card Industry security compliance, Hyland has turned its attention toward fraud detection.
Entrust acquires multi-cloud data encryption company HyTrust
The Paypers
JANUARY 19, 2021
US-based identity management provider Entrust has acquired multi-cloud data encryption, key management, and cloud security posture management solutions provider HyTrust.
Comera Pay Secures Approval to Boost UAE’s Cashless Economy
The Fintech Times
MAY 23, 2024
Leveraging technologies like advanced data encryption, the company aims to power faster digital payments and help advance the UAE’s cashless economy. “We Leveraging the latest encryption standards, Comera ensures seamless connectivity and security for users to stay in touch with family, friends and colleagues anywhere worldwide.
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Accutive Eyes GDPR Compliance With Encryption Alternative
PYMNTS
FEBRUARY 21, 2019
Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. 20), Accutive said it is launching its Data Discovery and Data Masking solutions. In a press release on Wednesday (Feb.
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Telr Partners With Samsung to Launch Samsung Pay in the UAE
Fintech Finance
NOVEMBER 27, 2024
Security stands at the forefront of Samsung Pay’s design, incorporating state-of-the-art features such as fingerprint recognition and advanced data encryption to safeguard users’ sensitive information.
Lenovo Launches Trustly’s Open Banking at Checkout in the UK and Europe
Fintech Finance
JULY 3, 2024
It will be seamlessly integrated and operate with high levels of security, ensuring that customer data is protected while enhancing their payment experience. Trustly uses data encryption in transit and customer banking details are never stored to improve security.
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Lucinity secures patent for federated learning AI, enabling secure data sharing
The Payments Association
SEPTEMBER 27, 2024
In 2022, the company received a patent for another piece of AI, their Secure Lockbox , which features pioneering homomorphic data encryption. This patent enables Lucinity to encrypt all personally identifiable information (PII) while still using PII as an input into AI in its encrypted form.
What to Know About Tokenization
Basis Theory
NOVEMBER 12, 2024
As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. How developers can use a tokenization platform to secure protected data without the costs and liabilities of building their own system.
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PCI DSS Compliance For Banks
VISTA InfoSec
APRIL 28, 2024
Installing and maintaining a firewall configuration to protect cardholder data. Protecting stored cardholders’ data. Encryption of cardholder’s data across all networks. Refrain from using vendor-supplied defaults for system passwords and other security parameters.
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Indonesia’s Booming Digital Payments Drive Demand for Robust Mobile App Security
Fintech News
MARCH 10, 2024
SecIron being a leading provider of mobile app security solutions, equips organisations to safeguard mobile apps and data against mobile malware and a multitude of other threats.
Essential Guide to Seamless CCaaS Implementation
VISTA InfoSec
OCTOBER 21, 2024
Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures.
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PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained
VISTA InfoSec
JANUARY 22, 2024
It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. PCI DSS v4.0
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What Is Data Tokenization and How Does It Work?
Stax
NOVEMBER 6, 2023
Moreover, companies need to follow data privacy and compliance requirements to stay in business. There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. The resulting token is essentially a proxy and has no real value.
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Generative AI Unleashed: Transforming Industries with Cutting-Edge Innovation
Segpay
FEBRUARY 21, 2024
Secure Data Encryption: Generative AI contributes to the development of secure data encryption methods. By leveraging advanced encryption algorithms, organizations can protect sensitive information, ensuring that the data remains unreadable and unusable even if unauthorized access occurs.
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CardConnect’s Newest Encryption Tool Emerges From Beta
PYMNTS
JANUARY 18, 2017
17) that it is rolling out Bolt P2PE , a point-to-point encryption service enabling software companies to integrate the firm’s encryption offerings. Based in the cloud, Bolt P2PE integrates its encryption capabilities into devices and apps and links with CardConnect’s existing payments technology, CardSecure.
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Telr Integrates Samsung Pay to Boost Mobile Payment Adoption Across the UAE
The Fintech Times
NOVEMBER 28, 2024
” Security stands at the forefront of Samsung Pay’s design, incorporating state-of-the-art features such as fingerprint recognition and advanced data encryption to safeguard users’ sensitive information.
New York Proposes Major Changes to Cybersecurity Regulation
FICO
NOVEMBER 1, 2016
Data encryption. The NYDFS requires data encryption not just for data in-transit but also for data at-rest. The NYDFS proposal requires multi-factor authentication for any users accessing internal systems from an external network and for privileged access to database servers.
Apple Announces CryptoKit For Digital Wallet Developers
PYMNTS
JUNE 5, 2019
The new framework will offer key generation, hashing, encryption and exchange for developers. The new framework will let developers steer clear of lower-level interfaces by taking away the management of raw pointers and overwriting sensitive data without prompting while memory deallocation is happening.
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PCI requirements and who needs to follow them
Basis Theory
OCTOBER 1, 2024
Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.
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Enhancing Data Security: How Exact Payments Protects Onboarding Data
Exact Payments
JULY 1, 2024
Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. The encrypted data is then written to our database. We implement TLS 1.3,
WISeKey to offer cyber-security for smart cities
The Paypers
NOVEMBER 14, 2016
(The Paypers) WISeKey has teamed up with Wellness Telecom to integrate and install its authentication data encryption and IoT cryptographic chip into millions of Wellness Telecom’s IoT devices.
How to Secure an Android App with AES
M2P Fintech
JULY 11, 2023
AES and ECDH To address security challenges, advanced encryption and decryption mechanisms must be integrated into the Android applications. In this blog, our Code Specialist and Lead Software Development Engineer Janarthanan , will guide you through the intricate world of encryption and decryption logic using AES.
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ACI Worldwide and comforte AG Pave the Way for Payment Modernization with PCI DSS v4.0 Compliance
Fintech Finance
MARCH 12, 2024
requirements for data security at rest move beyond disk-level encryption to protection within applications. comforte’s Data Security Platform meets this requirement by inserting a protection layer into applications that buffers for tokenization or encryption of sensitive data. PCI DSS v4.0
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Integrated Payments Can Prime UK Retailers for Black Friday Success: Lloyds Bank Merchant Services
Fintech Finance
NOVEMBER 27, 2024
while protecting customers through tools like strong customer authentication (SCA), 2-factor authentication, and PCI DSS data encryption.
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Cyber security measures for small and medium enterprises (SMEs)
VISTA InfoSec
OCTOBER 21, 2024
In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Once activated, the ransomware encrypts critical files, rendering them inaccessible until a ransom is paid.
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Comera Financial Holding Paves the Way for Innovative Fintech Solutions in the MENA Region
Fintech Finance
MAY 23, 2024
Leveraging cutting-edge technologies like advanced data encryption, Comera Pay aims to power faster digital payments and help advance the UAE’s cashless economy. “We With this approval, Comera Pay is now equipped to launch innovative payment solutions that will provide a simpler, more secure transactions for merchants and consumers.
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How to Safeguard Your Business from Cyber Frauds
Payment Savvy
DECEMBER 3, 2020
Encrypt and Back-Up Data. An effective cyber fraud strategy should prevent physical access to sensitive data and render that data useless in case it falls into the wrong hands by encrypting it. Data encryption is the most effective way of protecting yourself from cyber fraud.
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What Big Tech’s Patents Tell Us About The Future Of Data Security
CB Insights
OCTOBER 2, 2018
We take a look at leading data security startups and the emerging technologies that are giving data security systems a much needed upgrade. FAMGA are patenting the future of data security. Trends like data anonymization and homomorphic encryption are still in their infancy and have the potential transform our lives.
The 12 PCI DSS Requirements to Ensure PCI Compliance
Stax
JULY 16, 2024
The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. One of the most common ways that cybercriminals get access to cardholder data is when it is being transmitted.
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Ripple and IBM Partner With Garanti BBVA Kripto to Boost Development of Turkey’s Crypto Asset Market
The Fintech Times
OCTOBER 25, 2024
The combined solution from Ripple Custody and IBM enabled the bank to securely build, deploy and manage institutional-grade key management infrastructure with end-to-end security to protect private keys, applications and data.
Securing Mobile Apps Against Malware and Phishing Attacks in Indonesia
Fintech News
APRIL 22, 2024
Finally, SecIron understands the importance of data privacy. To ensure user financial information remains protected at all times, data encryption scrambles sensitive data within mobile applications. This proactive approach ensures businesses stay ahead of constantly evolving cyber threats.
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Finova Unveils Retention Portal to Help Mortgage Switching as 1.6 Million Deals Set to End in 2024
The Fintech Times
APRIL 14, 2024
In addition, the retention portal offers secure access, multiple layers of data encryption, multi-factor authentication, and regular security audits to create a fully comprehensive and secure solution. It also offers customers the ability to self-select a convenient date to switch products and pay any outstanding fees when applicable.
How Payment Gateway APIs Work and Code Examples
Clearly Payments
JUNE 7, 2024
Security Measures in Payment Gateway APIs Data encryption secures all data transmitted between the merchant’s application and the payment gateway, preventing interception and misuse. Tokenization replaces sensitive card information with a unique identifier, minimizing the risk of data breaches.
Would My Business Benefit From Using A Contactless Virtual Terminal?
Stax
FEBRUARY 26, 2024
Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?
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88 Mobile App TeenSafe Leaks Parent And Child Data
PYMNTS
MAY 21, 2018
TeenSafe assures parents that the app “employs industry-leading SSL and vormetric data encryption to secure your child’s data. Your child’s data is encrypted — and remains encrypted — until delivered to you, the parent.”.
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A Comprehensive Overview of Salesforce
EBizCharge
AUGUST 8, 2024
Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.
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