The Entersekt Blog

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

It’s like your credit card, only better
07-03-2019|Gerhard Oosthuizen

It’s like your credit card, only better

In the “old days” – the days of magnetic stripe cards – we proved that we were the owners of our cards with a handwritten signature at the point of sale (POS). Then came the chip cards, for which we switched to using a PIN number in card-present situations to authenticate ourselves as the card owner. This is not the case in the USA, however, where using PIN numbers for credit cards and POS purchases are rare, and cardholders continue to sign slips. Even this though, is becoming increasingly rare with US card issuers dropping the requirement for a signature without replacing it with a PIN.
Digital fraud trends in the UK
11-04-2018|Alan Goode

Digital fraud trends in the UK

As we increasingly move our lives online, it is no surprise that fraud should be following us. The rise of ecommerce and digital banking has resulted in growing levels of fraud targeting these new business channels. In this blog post, London-based analyst Alan Goode investigates what is currently happening in the UK.
GDPR: what’s good for your customers is good for you
14-02-2018|Jolette Roodt

GDPR: what’s good for your customers is good for you

Organizations from across Europe – and, in fact, the rest of the world – would be forgiven for seeing compliance with the European Union’s General Data Protection Regulation (GDPR) as just another burden on their already overstretched resources. The European finance industry has barely cleared its previous regulatory hurdle of the Revised Payment Services Directive (PSD2) kicking in a month ago, and now GDPR is demanding their full attention. Is there light at the end of this tunnel?
Authentication devices: are two better than one?
07-02-2018|Simon Rodway

Authentication devices: are two better than one?

At the end of 2017, two researchers at the University of Erlangen-Nuremberg in Germany discovered a weakness in the software that is used to protect 31 of the country’s mobile banking apps. As a result of this weakness, the researchers were able to successfully authenticate a transfer of money out of a banking account without the account holder’s permission.
2018: a key year for financial services and security
22-01-2018|Alan Goode

2018: a key year for financial services and security

This year will be an important one for financial services, with security taking center stage in a number of pivotal trends and regulatory changes, including open banking and the arrival of new, flexible fintech services, as well as the activation of the European Union’s PSD2 and GDPR regulations. The latter will see a global ripple effect, directly affecting financial services organizations that do business in the EU and potentially also influencing regional legislators to emulate their European counterparts.
The (lock and) key to strong security
08-01-2018|Simon Rodway

The (lock and) key to strong security

Let me begin with a short story, a true story. A good friend of mine’s house was recently broken into. He was asleep in bed when this event took place, and he heard nothing. In fact, when he got up in the morning, he didn’t even notice at first that the event had taken place, such was the subtlety of the break-in. The thief had managed to break a door lock, opening the door without making much sound at all. The technique was to snap off the front of the lock and use a screwdriver to open the door: very quiet and very quick.
Turn mandatory PSD2 compliance into a strategic advantage with Entersekt
08-11-2017|Jonathan Knoll

Turn mandatory PSD2 compliance into a strategic advantage with Entersekt

PSD2 introduces an entirely new market dynamic. While it will bring banks a new burden of compliance and open them up to increased liability, this regulatory framework also comes with exciting new opportunities for revenue.
Complimentary webinar: The secret key to PSD2 compliance
06-11-2017|Entersekt Editor

Complimentary webinar: The secret key to PSD2 compliance

With the go-live date for PSD2 less than four months away, financial institutions, payments processors, and third-party providers (TPPs) are under immense pressure to become fully compliant with its standards. What is the best way for your organization to implement its key requirements of open access and strong customer authentication (SCA)?
The time for passive identity management is over
14-09-2017|Dewald Nolte

The time for passive identity management is over

A decade of large-scale data theft has us all feeling like a target is on our back. With the number of online services increasing rapidly across the globe, we’re sharing and using our personal details more than ever before. The side effect of the rapid growth in sharing personal information is that we know that our personal details are out there in the wild, probably being shared among hackers, and sold by crime syndicates.
Why fintech has created a golden moment of opportunity for savvy banks
20-10-2016|Schalk Nolte

Why fintech has created a golden moment of opportunity for savvy banks

With the disruptive arrival of financial technology tools and platforms, banks worldwide have been besieged with gloomy forecasts. Advisory firms and analysts are feverishly crunching the numbers and warning of a tech-fuelled banking revolution – with the established players on the back foot. It may be true that banking is in the process of changing forever, but digital transformation has actually placed the savvier incumbents in an enviable position, one where they can leverage an asset they alone hold.

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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.