The Entersekt Blog

Industry news, security threats, and technology advances in consumer authentication.

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Social media payments: Threat or opportunity for banks?
13-09-2018|Entersekt Editor

Social media payments: Threat or opportunity for banks?

Remember the early days of Facebook? Were you an early adopter or more cautious, joining only after everyone and their cat had a profile? Those of us in the latter group eventually signed up because many of our friends reported being avid users and trusted the service.
US companies should not ignore the EU’s GDPR
30-08-2018|George Miller

US companies should not ignore the EU’s GDPR

Following a seemingly endless barrage of marketing emails asking consumers to opt-in to keep receiving communications, the European Union’s General Data Protection Regulation (GDPR) came into effect on 25 May, marking the enactment of a sweeping data protection law that governs how data is collected and used in the EU’s 28 countries
Whose customer is it when banks and fintechs collaborate?
23-08-2018|Entersekt Editor

Whose customer is it when banks and fintechs collaborate?

FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a little out of date, Entersekt CTO Gerhard Oosthuizen recently told PYMNTS.com in an interview. These days, banks and fintechs are increasingly realizing they’ll work better together than apart. But the consumer relationship is up in the air – and while it is an exciting time for banking, it’s a scary time for banks.
Ringing the changes with 3-D Secure
15-08-2018|Lelanie de Roubaix

Ringing the changes with 3-D Secure

In many ways, the evolution of the card networks’ 3-D Secure protocol is a reflection of how the world of e-commerce has changed. As with any process of change, growing pains are inevitable; in the case of 3-D Secure, they’ve been there right from the start. The imminent introduction of 3-D Secure 2.0 invites us to reflect, not only on the improvements it promises but the challenges that the industry has faced along the way.
The war on cybercrime
26-07-2018|Alpa Somaiya

The war on cybercrime

Today’s world is more interconnected than ever. Although this has its advantages, the increased connectivity brings with it an increased risk of theft, fraud and abuse. The more we rely on modern technology, the more vulnerable we are to cyber attacks resulting in mass data breaches, account takeover, and synthetic identity fraud.
The explosive rise in mobile malware
11-07-2018|Lelanie de Roubaix

The explosive rise in mobile malware

Since one of the first known mobile viruses, Timofonica, was discovered in 2000, the mobile landscape has seen a staggering increase in both the number and the type of malware threats. The fraudsters behind them are often at the forefront of technological innovation, leading attacks that range from basic keylogging (for harvesting usernames and passwords) to sophisticated ransomware that demands payment from victims to regain access to their devices or accounts.
What’s trending in digital payments fraud in the US?
27-06-2018|Entersekt Editor

What’s trending in digital payments fraud in the US?

As payments become more digitized, so do fraud schemes. Fraudsters always seem to stay just one step ahead of the industry’s relentless efforts to defeat them. Some of the most prevalent fraud methods today are card-not-present (CNP) fraud, account takeovers, new account fraud, and spoofing.
Fintech booms in Atlanta
21-06-2018|Lelanie de Roubaix

Fintech booms in Atlanta

What do wild horses, a land-owning tree, and the world’s largest drive-in restaurant have in common? They can all be found in the U.S. state of Georgia. So, too, can Atlanta, the state’s capital that is quickly becoming one of the world’s fintech hotspots.
The problem with having mobile carriers in the digital security chain
14-06-2018|Entersekt Editor

The problem with having mobile carriers in the digital security chain

A year ago this time, a fraudulent attack on German telecom O2-Telefonica shone the security spotlight on Signaling System 7 (SS7) – also called Common Channel Signaling System 7 (CCSS7) – the international telecommunications standard that enables mobile carrier (mobile network) interoperability. Without carrier interoperability, it would be impossible to transmit calls or text messages between mobile phones on different networks, making SS7 a key component of the global communication ecosystem.
Life after SMS OTP: what will be the next big thing in transaction security?
31-05-2018|Clara Chennells

Life after SMS OTP: what will be the next big thing in transaction security?

Remember VHS? The Sony Walkman? What about the dot matrix printer? These are things that were considered state-of-the-art in the 1980s – but are now only a fond memory. No-one in their right mind would, for example, release a new film only on VHS today. And yet incredibly, the SMS OTP, first conceived in the early 1980s, is still what secures online banking channels at most of the world’s financial institutions today.

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Entersekt is an international software development company based just outside of Cape Town, South Africa.

We are leaders in authentication, app security, and payments enablement technology, offering a highly scalable solution set with a track record of success across multiple continents.