Traditional approaches to authentication can't work effectively in a digital environment where customers and partners are interacting from multiple vectors. Evan O'Regan of Entrust Datacard discusses how to remove friction - and fraud - from the process.
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.
The intensive discussion between the Supreme Court and the CEO of UIDAI on recent Aadhaar-related data leaks could result in the court recommending that the Ministry of Law and Justice make amendments to the Aadhaar Act and direct the UIDAI to build a far more robust security framework.
Al Pascual of Javelin Strategy and Research discusses a new report that shows that while crypto wallets may be considered to be at the sharp end of payments innovation, the security vulnerabilities they face are much the same as those that already exist in digital banking and payments.
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
Those concerned about the security of India's Aadhaar biometric ID are pleased that the Supreme Court has ruled that linking Aadhaar numbers to bank accounts, payment cards and mobile phones cannot be mandatory until security issues are adequately addressed.
As more data moves to the cloud, and cyberattacks multiply, organizations need to adopt an alternate paradigm of security, says Nikhil V. Bagalkotkar, a virtualization specialist at Citrix, who describes a new approach.
Following banks in India and Russia reporting losses due to fraudulent transactions via the SWIFT interbank messaging platform, security experts are advising banks to be more vigilant and to take certain security steps, including better securing of remittance transactions.
WhatsApp, the global messaging app that has more than 200 million monthly active users in India, has leveraged National Payment Corporation of India's Unified Payment Interface platform to launch its beta payment service that will allow users to send money to other WhatsApp users, excluding merchant accounts.
After a year of brainstorming on blockchain technology, Microsoft says it will add support in its Authenticator app for a decentralized identity system that's designed to put users in control of their personal information.
In an exclusive, in-depth analysis, a panel of security experts concludes that India's recent Aadhaar data security conundrum, resulting in identity theft and data breaches, was due to poor implementation of security, monitoring and authentication mechanisms.
To address growing concerns about Aadhaar, the Unique Identification Authority of India, which administers the ID program, is taking two key steps to add a layer of security. But some observers are already questioning whether the move will prove effective.
Banks in India are alerting customers to take steps to guard against becoming a victim of Android malware that's targeting 232 applications, including banking and cryptocurrency apps, paving the way for potential thefts from their accounts.
Following the alert over Meltdown and Spectre vulnerabilities, the U.K. Information Commissioner's Office is warning that failures to patch today could be punished with fines under GDPR once enforcement of the data protection law begins later this year.