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.
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.
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.
Two-factor authentication solutions face two problems: They are not widely adopted, and attackers find them far too easy to crack. What's the answer? New risk-based multifactor solutions, says Jim Wangler of SecureAuth.
Apple's latest desktop operating system, High Sierra, has a massive vulnerability that allows anyone to create, without a password, a "root" account that has access to all files on the computer. It's the third authentication-related fumble found in High Sierra since its general release in September.
With the aim of protecting data privacy, the government of Singapore is considering taking steps to greatly reduce the use of the National Registration Identity Card numbers for verifying consumers' identities.
The face-off between security researchers and biometric authentication continues, with a group from Vietnam claiming to have fooled the facial-recognition system, called Face ID, that's built into Apple's latest iPhone by using a handmade mask that includes 3D printouts and a silicone nose.