The Entersekt Blog

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

Why would you need MFA for healthcare?
21-02-2017|Jolette Roodt

Why would you need MFA for healthcare?

Are reports of breaches at health providers sending your blood pressure skyward? Straightforward, effective authentication is just what the doctor ordered!
GDPR? PSD2? Four-letter headaches in need of specialist attention
09-02-2017|Niel Bester

GDPR? PSD2? Four-letter headaches in need of specialist attention

Time is running out for companies to comply with the European Union’s Revised Payment Services Directive (PSD2), which takes effect in January 2018, and General Data Protection Regulations (GDPR), which kick in in May 2018. The trouble is that these two sets of guidelines are not only strict on their own, but in some respects even seem to work against each other. How are financial institutions to approach this conundrum?
Home-turf victories for Entersekt
26-01-2017|Jolette Roodt

Home-turf victories for Entersekt

During 2016, many of Entersekt’s social media posts focused on our current global expansion, particularly into Europe and the United States. Among these exciting developments was FirstBank’s choice of our Transakt product to secure their mobile app and enable Touch ID authentication. We were also proud to announce our partnerships with CREALOGIX, Netcetera, Blue Bay, Backbase and IST Networks. Meanwhile, we have also been doing well on the home front.
Make ease of use your trump card
10-01-2017|Schalk Nolte

Make ease of use your trump card

A significant percentage of US consumers flatly say that they are not interested in taking up mobile banking. Other channels do the job just fine, they say. That’s a problem.
The effect of regulations on innovation? It's a matter of perspective
20-12-2016|Gerhard Oosthuizen

The effect of regulations on innovation? It's a matter of perspective

The security of financial and personal information is a necessary focal point for regulatory bodies worldwide. Fraud and data theft are concerns across all industries, but their threat is of particular importance to the banking and payments sectors.
The end of the piggy-bank?
07-12-2016|Claudius van der Meulen

The end of the piggy-bank?

The piggy bank has been a symbol of saving for years. The term itself is actually much older than the farmyard shape we are familiar with today, deriving from “pygg” a kind of clay used to make Europe’s first money jars in the Middle Ages. Most children probably don’t know that, but they nonetheless learn a lot from the piggy bank. It is a good start to understanding that money has a value and that saving it has long-term benefits.
Russian hackers making borscht of banks worldwide
17-11-2016|Jolette Roodt

Russian hackers making borscht of banks worldwide

As if the nearly $44 million that Russian cybercriminals stole from banks in their own country between June 2015 and June 2016 weren’t enough, these fraudsters seem to be moving on to greener pastures abroad. Stealing directly from banks as well as from individual online accounts, Russians have started targeting the rest of Europe – and the rest of the world.
No branch required: The rise of digital-only banks
03-11-2016|Jolette Roodt

No branch required: The rise of digital-only banks

Banking is increasingly moving away from brick-and-mortar branches and into the digital domain. Some banks have opted out of having physical branches at all and operate as so-called digital-only banks. Who are these banks, and how are they faring compared to traditional financial institutions? Let’s take a closer look.
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.
Fraud thriving down under
29-09-2016|Jolette Roodt

Fraud thriving down under

Australia and New Zealand seem to have become prime targets for cybercriminals over the past few months. As a target, Australia is under the top 10 in the world for phishing, malware, and fraud. According to Symantec strategist Mark Shaw, 108 cybercrime attacks occur in New Zealand every day; during 2015, the country’s global rank rose in five out of six threat categories: spam, phishing hosts, bots, network attacks, and web attacks. It also had the eighth-highest proportion of global phishing traffic. More than 856,000 New Zealanders are estimated to have been affected by cybercrime last year, at a cost of 257 million New Zealand dollars (186 million US dollars) to the economy.

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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.