Remove Authentication Remove Compromise Remove User Authentication
article thumbnail

MAS Chief: Singapore Must Choose Security Over Convenience in Fight Against Scams

Fintech News

The tool helps prevent unauthorised digital transfers even if a customer’s banking access is compromised. MAS is also working with banks to strengthen user authentication for higher-risk online transactions. This includes monitoring for rapid fund outflows that may indicate suspicious activity.

Scams 89
article thumbnail

Jack Henry Selects AI Agents From boost.ai to Automate Call Volumes

The Fintech Times

By implementing boost.ai’s solution, Jack Henry hopes to automate user authentication, among other repetitive tasks, freeing up valuable time for human agents. “We’re unwavering in our commitment to technology that is safe for our enterprise clients and their users.

Volume 64
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

Understanding the Cyber Risks in Video Communication

VISTA InfoSec

However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Malware and Ransomware Malware and ransomware are significant threats in the realm of video communication, with attackers leveraging these tools to compromise devices and networks.

Risk 277
article thumbnail

Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

The House has passed two reform bills, The COUNTER Act and The Corporate Transparency Act , and it appears that the Senate-introduced ILLICIT CASH Act may be the vehicle used to reach a compromise. . Identity proofing and authentication will be an emerging focus area in 2020. I say Congress gets a deal done in 2020.

article thumbnail

Google Patent Envisions Devices Controlled & Authenticated Via Touch Pattern

CB Insights

The mechanism allows users to control devices via touch patterns on a cord instead of through buttons. Among its promised applications, it has the potential to shake up user authentication methods, which often rely on the use of passwords. more security in user authentication.

article thumbnail

PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

This includes secure storage, periodic key changes, retirement of old or suspected compromised keys, and prevention of unauthorized key substitutions. a Review policies and interview staff at issuing entities to confirm justified storage of sensitive authentication data. Protect sensitive authentication data before authorization.

PCI DSS 100
article thumbnail

SpyCloud On Making Payments Smarter And Safer

PYMNTS

It’s much more straightforward for a criminal to compromise someone’s payment account that could be linked to a credit card than for them to try to steal or gain access to use that credit card,” Endler said, adding that the tools that make these attacks possible are “accessible to people who don’t necessarily have a lot of technical acumen.”. “The