Remove MFA Remove Multifactor Authentication Remove Procedures
article thumbnail

B2B APIs Bring Connectivity, Security To The Cloud

PYMNTS

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. Cloud Havens and Changing Keys.

API 52
article thumbnail

New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents. By November 1, 2025, covered entities must comply with multifactor authentication and asset inventory requirements.

article thumbnail

FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

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