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Since the days of desktop computing there has been an arms race between cybercriminals and cybersecurity teams. Moreover, the good thing about things that work, he pointed out, is that they have a habit of catching on, particularly in the world of cybersecurity where the arms race is ongoing, and any edge against hackers is valuable.
Because, Xie noted, the state of cybersecurity in 2020 seems to demand this more holistic approach. The Zero-Authentication Future. Transforming the idea of consumerauthentication from something that happens at the moment of choice in a transaction to something that happens in real time, all the time, is a very tall order, Xie noted.
New York-headquartered PAAY, a consumerauthentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.
Alexander, at PYMNTS’ Innovation Project 2016 last week at Harvard, gave a sobering reality check about the cybersecurity threats that could become an even scarier reality in the click of a button. If nobody can pass the standard, we have to come up with a way to make cybersecurity more successful. Bush and Barack Obama.
Game-changing identity/security edicts like the European Union’s second Payment Services Directive (PSD2) and its strong consumerauthentication (SCA) requirement has hit implementation snags , further complicating matters. Fraudsters can seem like unstoppable ghosts in the machine, outsmarting or overwhelming intervention attempts.
They must ensure their AI systems are pulling from as much data as possible, including nontraditional sources outside of siloed banking caches, as doing so can improve consumerauthentication and help target money laundering investigations. How money laundering, AML will change.
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