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.
The state of mobile banking: insights from industry research
28-02-2019|Lelanie de Roubaix

The state of mobile banking: insights from industry research

Digital banking industry research published in 2018 by a number of leading research and advisory firms highlights a trend that has led the industry to reflect on a core aspect of current priorities as well as future strategy: the customer. A renewed focus on the customer became a central theme running through consumer surveys, research reports, advisors’ recommendations, conference panels, and social-media discussions among industry veterans.
Mercator white paper, sponsored by Entersekt: A new security paradigm for the new digital world
29-11-2018|Mark van Dalsen

Mercator white paper, sponsored by Entersekt: A new security paradigm for the new digital world

The world in which your entire commercial existence is bound to your mobile device is fast approaching, and at its center stands the bank, which safeguards your most valuable assets – funds, payment media, and a trove of data. That’s Entersekt’s vision.
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.
Life after SMS OTP: what will be the next big thing in transaction security?
30-05-2018|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.
Entersekt’s Transakt solves more for banks than just PSD2 problems
17-05-2018|Jonathan Knoll

Entersekt’s Transakt solves more for banks than just PSD2 problems

As any and every bank and organization that deals with payments knows by now, the European Banking Authority’s regulatory technical standards (RTS) on strong customer authentication take effect in September 2019. However, given the requirement to have the relevant APIs, documentation, and testing done a full six months before that date, the actual deadline is March 2019. With less than a year to go, the implementation clock is ticking loudly.
Mobile authentication: What happens when security and usability stop being mutually exclusive?
18-04-2018|Entersekt Editor

Mobile authentication: What happens when security and usability stop being mutually exclusive?

In digital banking, and more recently also in the mobile payments sphere, security and usability are commonly viewed as incompatible priorities. By implication, for security to be strong enough, it must also impose inconvenience on the user. At Entersekt, however, we prefer to ask: why do banks have to choose?
Three things you need to ask when choosing an authentication solution
28-03-2018|Jonathan Knoll

Three things you need to ask when choosing an authentication solution

I sometimes think that here, in the IT security sector, we’re having the wrong conversation about authentication. As we debate the respective merits of the various solutions, we’re in danger of forgetting the most important member of the value chain: the customer.
Mobile wallet technology boosts convenience for consumers and card issuers alike
08-03-2018|Gerhard Oosthuizen

Mobile wallet technology boosts convenience for consumers and card issuers alike

Today, mobile wallets are just one component of your institution’s overarching digital banking strategy. With the right solution in place, consumers can enjoy a superior payment experience whether shopping online, using a third-party wallet, or using a contactless payment method.
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.

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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.