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.

Multifactor Authentication 82

Multifactor Authentication Authentication ISOs Process 82

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.

Multifactor Authentication 28

Multifactor Authentication Authentication Cybersecurity 28

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.

Multifactor Authentication 28

Multifactor Authentication Authentication Fraud Prevention 28

Payments Source

FEBRUARY 21, 2021

Without additional security measures, hackers can compromise multifactor authentication and wreak havoc on financial institutions and their customers.

Multifactor Authentication 90

Multifactor Authentication Authentication Compromise Security 90

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

Data Breach 36

Data Breach Multifactor Authentication Breach Authentication 36

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.

Multifactor Authentication 65

Multifactor Authentication Authentication Encryption Payments 65

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.

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

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.

Multifactor Authentication 79

Multifactor Authentication Authentication Financial Crimes Cybersecurity 79

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.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

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.

Multifactor Authentication 72

Multifactor Authentication Authentication Payment Security Security 72

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.

API 59

API Payment APIs and Integration Process Multifactor Authentication 59

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.

Zelle 89

Zelle P2P Scams Financial Crimes 89

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).

Multifactor Authentication 28

Multifactor Authentication Cybersecurity Authentication 28

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.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

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.”.

Multifactor Authentication 47

Multifactor Authentication Government Governance Data Breach 47

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.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

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.

Cross-Border 52

Cross-Border Multifactor Authentication Security Automation 52

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.

Multifactor Authentication 17

Multifactor Authentication Authentication Mobile Banking Verification 17

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.

Multifactor Authentication 28

Multifactor Authentication Cybersecurity Security Authentication 28

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.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

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.

Use Case 110

Use Case Payment APIs and Integration Credit Union FinTech 110

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.

IBAN 94

IBAN Multifactor Authentication Multi-Currency Authentication 94

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.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

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.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

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.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

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.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

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.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

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.

MFA 46

MFA Multifactor Authentication AI Authentication 46

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.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking MFA Checks 107

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.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

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.

MFA 61

MFA Multifactor Authentication Security Authentication 61

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.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

JUNE 8, 2020

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. Cloud Havens and Changing Keys. There’s more than one way to beat a cyberthief, and the B2B API dev world is onto that.

API 52

API B2B MFA Security 52

PYMNTS

SEPTEMBER 4, 2019

Mobile app users may have different authentication preferences than those who call the contact center, which could lead to frictions if companies are not prepared. As a result, banks like TD Bank are approaching call center security needs with tools like multifactor authentication (MFA).

Visa 40

Visa Multifactor Authentication MFA Authentication 40

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.

Authentication 72

Authentication Best Practices Multifactor Authentication Fraud Prevention 72

PYMNTS

NOVEMBER 13, 2020

It’s hard to say if they are,” said McLain, who added that some issuers have gotten their arms around the shift to multifactor authentication to make online purchases more secure, and some are wrapping things up.

Issuers 61

Issuers Cross-Border Multifactor Authentication Acquirers 61

PYMNTS

SEPTEMBER 14, 2020

When it comes to preventing an attack, multifactor authentication and other kinds of multilayer security measures, plus the practice of frequently updating software and installing patches, remain the tried-and-true defenses. Blackbaud's data breach isn't unique, per se.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52