When implementing a cybersecurity risk framework, enterprises should use a structured approach to identity and evaluate and manage the risks posed by increased digital transactions during the pandemic, says Dmitry Chernetsky, global presales expert, Kaspersky-APAC.
As part of its ongoing push toward cashless payments, India is taking steps to ramp up the use of contactless payments, which are already becoming more common in Japan, South Korea, Australia, the U.K. and the U.S. What can be done to balance security vs. convenience?
The Reserve Bank of India intends to do away with the one-time password authentication process for online transactions. In a step in that direction, for the first time, it's allowing widespread tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
PSD2 requires European banks to provide communication interfaces to Third Party Providers (TPPs). These interfaces, generally referred to as APIs, will allow TPPs to build innovative financial services on top of the services provided by banks.
Download this white paper and learn about:
The PSD2 requirements for...
As Japan continues it push toward digital transactions, it's taking steps to ensure security, including adopting the PCI Data Security Standard, says Jeremy King, international director of the PCI Security Standards Council, who offers an update.
Banking and financial services customers today expect friction-free experiences no matter what device they're on, and regardless of whether they're at work, at home, or on the road. To succeed in the new digital era, it's critically important that you deliver seamless, personalized and omnichannel experiences for your...
The Open Banking mandate in the United Kingdom and the second Payment Services Directive (PSD2) regulation in the EU are meant to increase competition and innovation in the financial system. They come into force in early 2018 and will set new standards for banks in the areas of strong customer authentication, secure...
Today's customers expect consistent, seamless retail experiences — online, in store and through mobile apps. For retailers to remain competitive in a digital environment, they must revolutionize the way they operate to meet these demands while providing a personalized, secure customer experience at every point...
The Secure Payments Task Force was established by the Federal Reserve Bank in 2015 in part to determine areas of focus and priorities for future action. Jim Cunha, a member of that task force, talks discusses how to advance payment system safety, fight fraud and ensure resiliency.
As mobile payments continue to grow in South Africa, it's important that application developers build security into their apps and correctly implement tokenization standards, says Jeremy King, international director of the PCI Security Standards Council.
Developing nations that are moving to digital payments, especially for the unbanked, need to keep in mind security lessons already learned in other markets, including Europe, says Steve Marshall, founder at Risk-X, a U.K.-based audit and risk assessment consulting firm.
The digital shift is increasing the need for more sophisticated privacy and data protection measures. Several major institutions have seen their information security compromised in recent years as cyberattacks and fraudulent activity show no sign of slowing down. With PSD2 regulations now in effect, companies are in...
As of January 1, 2018, all SWIFT customers must self-attest to their compliance with the new SWIFT Customer Security Program (CSP). The program is designed to respond to the wave of cybercrime targeting SWIFT installations that began with the Bank of Bangladesh breach back in February 2016 and has swept across the...
What security strategies do financial organizations need to consider in the new PSD2 landscape? PSD2 outlines security requirements in three key areas.
Download this whitepaper and learn how to:
Secure customer interactions with third-party providers and banks;
Secure API transactions and account...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing fraudtoday.io, you agree to our use of cookies.
