Multifactor Authentication and Procedures

Data Breaches 101: What They Are And How To Prevent Them

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. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

Data Breach

Data Breach Breach Multifactor Authentication Cybersecurity

New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

DECEMBER 11, 2023

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.

Cybersecurity

Cybersecurity Multifactor Authentication Risk Assessment MFA

Deepfakes Threaten To Become The New BEC Scam

PYMNTS

AUGUST 24, 2020

Hackers will either use C-suite executives', finance team members', or suppliers' email addresses, or create ones that look very similar, to send their messages and trick professionals into thinking someone legitimate is making a request to alter payment procedures.

Deepfake

Deepfake Business Email Compromise Scams Multifactor Authentication

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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How The U.S. Government Sets The Benchmark For Digital ID Standards

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

Multifactor Authentication Governance Government Data Breach

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

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

Fincen AML Suspicious Activity Report (SAR) Financial Crimes

B2B APIs Bring Connectivity, Security To The Cloud

PYMNTS

JUNE 8, 2020

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.”. Cloud Havens and Changing Keys.

API

API B2B MFA Security

KeyBank On Fighting APP Fraud During The COVID-19 Pandemic

PYMNTS

NOVEMBER 16, 2020

KeyBank’s strategy for fighting APP fraud is twofold, consisting of customer education and back-end authentication procedures. 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.

Authentication

Authentication Best Practices Multifactor Authentication Fraud Prevention

Balancing Innovation and Security: Digital Payments Insights with Valeri Vanourek of Discover® Global Network

The Fintech Times

MARCH 6, 2024

However, this foundation allows us to partner with others or concentrate on a multi-cryptogram strategy, multifactor authentication, and improving transaction security. The critical significance of data protection controls, policies, and procedures cannot be overstated. I often liken fraudsters to a game of Whack a Mole.

Digital Payments

Digital Payments Innovation Security Issuers

PSD2 Smiles On Biometrics — And Other Tales From The New World

PYMNTS

JULY 12, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication

Multifactor Authentication Privacy Visa Authentication

Can You ‘Future Proof’ Your Mobile Payments?

PYMNTS

AUGUST 16, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. SCA pulls in factors such as ownership (i.e., the transaction is coming from a device that is recognized as belonging to the consumer) and inherent traits (biometric identifiers like fingerprints and retinas).

Mobile Payments

Mobile Payments Multifactor Authentication Authentication Payments

GDPR & PSD2: A Silver Lining For Fraudsters?

PYMNTS

APRIL 30, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. Multifactor authentication does introduce new frictions that could make purchasing goods online less desirable. SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication

Multifactor Authentication Disputes Regulations Authentication

Making International Supply Chain Money Move Faster

PYMNTS

JUNE 7, 2018

After all, the bulk of payments security occurs before any money starts moving, including measures such as multifactor authentication and reauthorization procedures. Security is about how] we make sure that everything that should be done has been done before the money leaves,” he said.

Multi-Currency

Multi-Currency Reconciliation Master Account Faster Payments

What’s Behind The Rise Of Behavioral Biometrics?

PYMNTS

AUGUST 15, 2018

PSD2 rules also include requirements for SCA, an identity verification procedure that leverages multifactor authentication. The general aim of the PSD2 is payments innovation. Security, though, is another goal. SCA pulls in factors such as ownership (i.e.,

Online and Mobile Banking

Online and Mobile Banking Authentication Privacy Multifactor Authentication

The Top 3 OCR Kofax Alternatives

Nanonets

SEPTEMBER 12, 2023

By automating routine tasks and approvals, businesses can enhance efficiency, reduce processing times, and ensure compliance with standard procedures. Users can create up to 50 different parsers, enable multifactor authentication, and enjoy priority support and parsing access.

Automation

Automation Payment APIs and Integration Process AI

The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

JANUARY 27, 2021

Europe’s PSD2 regulations include SCA requirements for payment service providers, a feature of the legislation designed to combat fraud by using multifactor authentication to verify the identity of the payer. Adflex CEO Raises Commercial Card PSD2 Concerns.

Commercial Card

Commercial Card Payroll Multifactor Authentication B2B

Payments Space

Data Breaches 101: What They Are And How To Prevent Them

New York Bolsters Cybersecurity Requirements

Deepfakes Threaten To Become The New BEC Scam

Webinars

How The U.S. Government Sets The Benchmark For Digital ID Standards

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

B2B APIs Bring Connectivity, Security To The Cloud

KeyBank On Fighting APP Fraud During The COVID-19 Pandemic

Balancing Innovation and Security: Digital Payments Insights with Valeri Vanourek of Discover® Global Network

PSD2 Smiles On Biometrics — And Other Tales From The New World

Can You ‘Future Proof’ Your Mobile Payments?

GDPR & PSD2: A Silver Lining For Fraudsters?

Making International Supply Chain Money Move Faster

What’s Behind The Rise Of Behavioral Biometrics?

The Top 3 OCR Kofax Alternatives

The Corporate Card Faces New Hurdles In AP Departments

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