Remove Authentication Remove Banking Remove Security
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PSD2 Security Requirements Are Restricting Fintech Innovation

Forrester IT

I have recently released a new report looking at the second phase of the Payment Services Directive (PSD2) and its security requirements along with my colleagues Jacob Morgan and Andras Cser. Banks and financial institutions are currently hard at work building APIs and testing their Strong Customer Authentication (SCA) solutions.

Security 352
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How to Offer Secure IVR Banking and Authenticate Callers

Tech Republic Security

Discover how to safeguard IVR banking from hackers and implement secure authentication methods for customer protection. Find out how these digital alternatives benefit both customers and agents.

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Bank of America lowers security – removes one time passwords at payee add/change

Forrester IT

With the latest change to the BofA online banking bill pay service (which added all sorts of unnecessary and distracting icons and ugly fonts), the bank decided to remove the one time password two factor authentication (OTP 2FA) requirement to force the customer to perform a one time password based step-up authentication before allowing the […] (..)

Banking 199
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CIOs Want To Know: How Secure Is Your Mobile Phone?

The Accidental Successful CIO

What should you be doing as CIO to keep your people and your company secure? Once this has been done, the bad guys can then trick banks and other companies into resetting the phone owner’s password by having them send the password reset to the new phone. More security means more friction. What All Of This Means For You.

Mobile 246
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TSB to introduce iris scan authentication in September 2017

Computer Weekly

TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available

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The ultimate in convenient banking: make payments by thinking

Trends in the Living Networks

In my presentation at yesterday’s media launch of ANZ’s Banking on Australia program , I spoke about new ways of making payments using biometrics. Other work in the field includes Two-Stage Biometric Authentication Method Using Thought Activity Brain Waves and Biometric Authentication Using Brain Responses To Visual Stimuli.

Banking 156
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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

Digitalization is a double-edged sword for banks, especially when it comes to security. As interactions and transactions become more interconnected, even the simplest processes like opening a new account or making a balance transfer become riddled with security concerns.