security
BusinessRapid API-led Digital Innovation in Financial Services Requires Urgent Focus on API Security to Maintain Customer Trust
BankingApp Fraud Costing Banks and Their Customers Dearly
TechnologyThe Fourth Generation of Account Verification Has Arrived
Top StoriesBullion Groups Launch Gold Bar Database to Thwart Fraud
Maintaining the Currency of Trust in Financial Services Institutions
Date: March 24, 2022
By Renee Tarun, deputy CISO, Fortinet In a recent Ernst & Young report, only 17% of respondents say they trust the activities of financial institutions in a time of crisis. At the same time, the average customer attrition rate among retail banks per year hovers around 15%, and about half of the customers who churn...
Half of Retailers Still Aren’t Prepared for Sca. How Can Biometric Payment Cards Help Them Adapt?
Date: March 22, 2022
By Vince Graziani, CEO, IDEX Biometrics Strong Customer Authentication (SCA) has created the biggest shift in retail payments since contactless technology, having finally been enacted in full across Europe as of March 14. Introduced as part of the Second Payment Services Directive (PSD2), SCA is a staple requirement for all retailers and payment service providers,...
Moscow and Kyiv See Signs of Compromise on Ukraine’s Security Status
Date: March 16, 2022
LONDON (Reuters) -Russia said on Wednesday that a neutral status for Ukraine with its own limited army, similar to Austria’s, was being considered as a compromise in peace talks with Kyiv, while Ukraine spoke of outside powers guaranteeing its security. Russia invaded Ukraine on Feb. 24, in what it calls a special military operation to...
Britain to Force Big Tech to Combat Online Scams
Date: March 9, 2022
By Huw Jones LONDON (Reuters) -Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams. The government said its draft law on preventing online harms would include the requirement for large platforms to...
Swedish PM Rejects Opposition Calls to Consider Joining NATO
Date: March 8, 2022
STOCKHOLM (Reuters) -Swedish Prime Minister Magdalena Andersson on Tuesday rejected opposition calls to consider joining NATO following Russia’s invasion of Ukraine, saying an application now would destabilize security in Europe. Sweden has not been in a war since 1814 and has built its foreign policy on non-participation in military alliances, but it has forged ever...
Pace Anti-Piracy Raises the Bar in White-Box Encryption Protection for Bank, Psp, and Payment Scheme Applications
Date: March 1, 2022
Next-gen ‘White-Box Works’ code generator launches complete with EMVCo Software-Based Mobile Payment security evaluation certificate 1st March 2022 – San Jose, California – Banks, payment service providers (PSPs), schemes, and other financial institutions can now benefit from a uniquely high level of sensitive data protection and application attack resistance, following today’s launch of White-Box Works, a next-generation...