Remove Multifactor Authentication Remove Procedures Remove Security
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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

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The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

“Innovation in financial technology means that we are now able to deliver products and services that are as credible, robust and secure as banks, but free of legacy issues, while being more obtainable, affordable and better suited to the small- to mid-sized business sector,” said Tat Capital Founding Director Ram Gorlamandala in a statement.

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FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

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.

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Deepfakes Threaten To Become The New BEC Scam

PYMNTS

Hackers will either use C-suite executives', finance team members', or suppliers' email addresses, or create ones that look very similar, to send their messages and trick professionals into thinking someone legitimate is making a request to alter payment procedures. The Pandemic's Security Impact. How To Retain Security.

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B2B APIs Bring Connectivity, Security To The Cloud

PYMNTS

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. Studies have found that using MFA can prevent more than 99.9

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How The U.S. Government Sets The Benchmark For Digital ID Standards

PYMNTS

Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government. Any lapse in governmental security could have much farther-reaching effects. Providing two of the three is typically sufficient to securely verify identities. .

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KeyBank On Fighting APP Fraud During The COVID-19 Pandemic

PYMNTS

“It wasn't necessarily fundamentally that different from the kind of fraud that we've seen in the past, but people and businesses forgot good [ security ] practices because there was such a sense of urgency and the environment.”. Customers are largely willing to accept a little extra friction in the name of security, Kakani noted.