Remove Multifactor Authentication Remove Procedures Remove Security
article thumbnail

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

VISTA InfoSec

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

article thumbnail

The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

“Innovation in financial technology means that we are now able to deliver products and services that are as credible, robust and secure as banks, but free of legacy issues, while being more obtainable, affordable and better suited to the small- to mid-sized business sector,” said Tat Capital Founding Director Ram Gorlamandala in a statement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

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
article thumbnail

Deepfakes Threaten To Become The New BEC Scam

PYMNTS

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. The Pandemic's Security Impact. How To Retain Security.

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.”. Studies have found that using MFA can prevent more than 99.9

API 52
article thumbnail

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

PYMNTS

Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government. Any lapse in governmental security could have much farther-reaching effects. Providing two of the three is typically sufficient to securely verify identities. .

article thumbnail

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

The Fintech Times

However, as the digital payments ecosystem expands, ensuring the security of customer payment information remains a paramount concern. As a result, our focus remains on combating fraud and enhancing security. Merchants must ensure that the checkout process is quick, efficient, and secure, benefiting all parties involved.