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Multifactor Authentication Related Topics 
PYMNTS
NOVEMBER 27, 2020
Overtaxing the royal attention span — that of the consumer — is a mistake, so multifactor authentication (MFA) processes are morphing in various ways to reduce onboarding frictions while maintaining rigorous multifactor authentication (MFA) and other fraud-fighting tools. Phone Call For You.
VISTA InfoSec
FEBRUARY 25, 2024
User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.
266 
Bank Automation
MARCH 21, 2024
Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection. In 2023, cyberattacks using valid credentials to gain access to user accounts increased 71% from 2022, according to IBM’s 2024 X-Force Threat Intelligence Index.
Payments Source
JULY 23, 2018
Multifactor authentication is table stakes in today's breach-heavy environment. Falling short of that standard creates a dangerously high threat, according to David Vergara, head of security product marketing for OneSpan.
Payments Source
OCTOBER 15, 2019
MFA stops broad attacks, but more targeted hacks can still get through, says KnowBe4's Roger Grimes.
Payments Source
JANUARY 9, 2019
By adding device, cryptographic keys and behavioral ID, fake biometrics become harder for crooks to use, according to Bimal Gandhi, CEO of Uniken.
Payments Source
FEBRUARY 21, 2021
Without additional security measures, hackers can compromise multifactor authentication and wreak havoc on financial institutions and their customers.
VISTA InfoSec
OCTOBER 21, 2024
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.
141 
Payments Source
AUGUST 14, 2017
An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.
Payments Source
MAY 5, 2016
Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.
Bank Automation
NOVEMBER 21, 2024
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.
59 The Paypers
JANUARY 18, 2017
(The Paypers) Vanguard Integrity Professionals has announced the immediate availability of its enhanced Multifactor Authentication solution across its enterprise cybersecurity software suite.
The Paypers
FEBRUARY 10, 2017
(The Paypers) iovation , a provider of device intelligence-based authentication and fraud prevention solutions, has announced the general availability of its LaunchKey mobile multifactor authentication solution.
PYMNTS
JULY 10, 2020
Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. Financial institutions (FIs) thus need to ensure they can successfully block ATOs as well as quickly detect and mitigate any that slip through.
PYMNTS
OCTOBER 15, 2020
The solution will come through more advanced methods like multifactor authentications that do away with the reliance on passwords. Multifactor authentication can be cumbersome for users, though, who often value efficiency over security.
PYMNTS
OCTOBER 16, 2020
The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.
89 
PYMNTS
AUGUST 16, 2019
The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.
84 
PYMNTS
SEPTEMBER 22, 2020
The feature can connect to more than 11,000 financial institutions (FIs) and retains security through multifactor authentication and tokenization, Acumatica explained.
110 
PYMNTS
NOVEMBER 13, 2020
Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.
PYMNTS
SEPTEMBER 3, 2020
No matter the tools deployed across the issuers, acquirers or consumers, multifactor authentication (and risk scoring) will continue to be an important part of the payments ecosystem and do much to ensure confidence in secure transactions.
104 
PYMNTS
SEPTEMBER 21, 2020
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.
139 
PYMNTS
OCTOBER 6, 2020
The challenge of this last mile,” she said of PSD2 and multifactor authentication, “has been to ensure that at this stage of the payment to the merchants, there are no issues and everything is hassle free.”. Asked about the emergence of the single market — a digital one — across the EU, Metodieva cautioned that we are not there yet.
94 
The Paypers
JULY 11, 2024
million Authy users, a multifactor authentication app by Twilio. Schubert Jonckheer & Kolbe LLP is investigating a data breach affecting 33.4
36 
PYMNTS
AUGUST 24, 2020
This multifactor authentication strategy can be as easy as walking down the hall to meet face-to-face with the chief financial officer, yet with teams still working remote, the process has migrated to the phone or video chat. One seemingly real enquiry to change bank account details can — and often does — mean millions of dollars lost.
61 
PYMNTS
DECEMBER 5, 2016
Choudhury also predicts secure voice authentication, or a voice print, will become more prevalent as a biometric safeguard. This technology reads a consumer’s voice patterns to authenticate transactions. Choudhury said Qualcomm has spoken with various payments partners about building multifactor authentication into smartphone devices.
PYMNTS
AUGUST 7, 2019
“NSTIC called out the national need to eliminate PINs and passwords as single authentication factors and to use multifactor authentication for stronger [verification],” Temoshok explained. “It People will go around them, whether that’s password composition rules or multifactor authentication.”.
PYMNTS
NOVEMBER 17, 2020
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.
Global Fintech & Digital Assets
DECEMBER 11, 2023
Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.
PYMNTS
APRIL 16, 2020
Insufficient security approaches, such as failure to sufficiently protect AP systems against unauthorized users — such as by implementing multifactor authentication — might contribute to such problems. Healthcare companies must especially be vigilant about their AP defenses even as the pandemic puts pressure on them to act quickly.
52 
PYMNTS
OCTOBER 8, 2020
We also use multifactor authentication and 2FA to prevent unauthorized access to ensure all of our wallets are always safe. “During mobile app sign-up, we verify details with 2FA using text messaging and email verification,” Wuerch said. “We We have bank-level encryption to ensure information is safe and secure.
83 
PYMNTS
JANUARY 13, 2021
Behind-the-scenes analytics or multifactor authentication are widely supported by customers, even though they could result in a slightly more inconvenient customer experience. A survey found that 92 percent of U.S. For more on these and other digital fraud news items, download this month’s Tracker.
The Paypers
AUGUST 24, 2017
(The Paypers) Australia-based cybersecurity company TokenOne has announced the involvement in a consortium project for the US National Cybersecurity Center of Excellence (NCCoE).
Fintech Finance
MAY 22, 2024
MyTU implements advanced security through custom multifactor authentication, which integrates multiple ECDSA keys with IP and DNS data verification, and utilizes secure timestamps alongside bidirectional out-of-band communication, to ensure the highest standard of security and compliance.
59 
PYMNTS
DECEMBER 30, 2016
In 2016, retailers adopted the use of multifactor authentication to allow payment authentication via Apple Pay, Samsung Pay and others. Retailers’ native applications are expanding, allowing users to engage with the brand and content in-store while enabling targeted and personalized push notifications for repeat visits.
The Paypers
AUGUST 9, 2017
(The Paypers) Rivetz was announced its collaboration with National Cybersecurity Center of Excellence (NCCoE) on the Multifactor Authentication for e-Commerce project.
PYMNTS
SEPTEMBER 4, 2019
That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe.
61 
PYMNTS
JANUARY 10, 2019
The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA).
PYMNTS
JULY 9, 2018
That cloud computing account had not been protected by multifactor authentication, Timehop said in the blog, noting that it has taken steps (including multifactor authentication) to secure authorization and access controls on all accounts. EST, when an access credential to its cloud computing environment was compromised.
40 Fintech Labs Insights
APRIL 19, 2016
The post Finovate Debuts: Nexmo Brings Seamless Multifactor Authentication to Mobile Banking Apps appeared first on Finovate. We’re looking forward to continuing this growth and pushing the boundaries of cloud communications right into 2018. Check out the video of Nexmo’s FinovateEurope 2016 demonstration.
PYMNTS
NOVEMBER 16, 2020
“On the front end, we protect the front door through user authentication to make sure that the person sending the transaction is the correct individual and authorized to do so. Customers are largely willing to accept a little extra friction in the name of security, Kakani noted.
PYMNTS
SEPTEMBER 5, 2019
Sacknoff recently spoke to PYMNTS about examining how these authentication tools fit each channel customers use to interact with businesses. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.
46 
PYMNTS
NOVEMBER 16, 2020
Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Biometric authentication methods like fingerprint and facial recognition scans are now standard on the latest smartphone models.
71 PYMNTS
SEPTEMBER 5, 2019
TD Bank has been offering TD Voiceprint since 2017, and the service examines approximately 150 separate voice characteristics to determine if customers are legitimate and prevent authentication frictions. Lindsay Sacknoff, head of U.S.
59 
PYMNTS
FEBRUARY 18, 2020
Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions. Omnichannel Fraud Protection.
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