VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. You may face legal/regulatory penalties for violating disclosure laws.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

PYMNTS

SEPTEMBER 21, 2020

As BuzzFeed reported, “laws that were meant to stop financial crime have instead allowed it to flourish. And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking MFA Checks 107

Global Fintech & Digital Assets

DECEMBER 11, 2023

Under Section 41 of the Banking Law, the DFS superintendent can remove an officer or director for violating “any law or duly enacted regulation of the superintendent” relating to a regulated banking institution. By November 1, 2025, covered entities must comply with multifactor authentication and asset inventory requirements.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

APRIL 30, 2018

An organization should only process personal data for the lawful reasons set out in the GDPR; they can’t collect it “just because.”. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication 55

Multifactor Authentication Disputes Regulations Authentication 55

PYMNTS

AUGUST 15, 2018

PSD2 rules also include requirements for SCA, an identity verification procedure that leverages multifactor authentication. So far, few countries have any laws about how to collect and use data captured by behavioral biometric authentication technology, according to The New York Times. Security, though, is another goal.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Privacy Multifactor Authentication 44

FICO

NOVEMBER 7, 2022

The law today holds that consumers are not liable for “unauthorized” electronic funds transfers. Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. That idea of authorization is where deep divisions start to appear.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52