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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
The (lock and) key to strong security

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. 

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Snippet: The password paradigm is widely acknowledged to be obsolete, but to usher in something new requires an industry-wide effort. To help manage this issue, some of information technology’s biggest players formed the FIDO (Fast IDentity Online) Alliance, which is now revolutionizing online authentication with its standards-based open protocols aimed at reducing our reliance on vulnerable password-based security systems.

The password paradigm is widely acknowledged to be obsolete, but to usher in something new requires an industry-wide effort. To help manage this issue, some of information technology’s biggest players formed the FIDO (Fast IDentity Online) Alliance, which is now revolutionizing online authentication with its standards-based open protocols aimed at reducing our reliance on vulnerable password-based security systems.

Snippet: LastPass announced June 15 that it had detected and subsequently blocked “suspicious activity” on its networks a couple of days before. The attackers made off with email addresses associated with LastPass accounts, hints that help users reset their master passwords, salted password hashes, as well as the associated salts.

LastPass announced June 15 that it had detected and subsequently blocked “suspicious activity” on its networks a couple of days before. The attackers made off with email addresses associated with LastPass accounts, hints that help users reset their master passwords, salted password hashes, as well as the associated salts.

Snippet: There are many examples of regulations that guide securing online and mobile banking through strong authentication. These examples cover a vast range of countries and banking sectors, but some prescriptions for strong authentication came up time and again.

There are many examples of regulations that guide securing online and mobile banking through strong authentication. These examples cover a vast range of countries and banking sectors, but some prescriptions for strong authentication came up time and again.

Snippet: Regulatory bodies around the world continue to issue security advisories related to online and mobile banking, especially when it comes to securing high-risk, high-value digital transactions.

Regulatory bodies around the world continue to issue security advisories related to online and mobile banking, especially when it comes to securing high-risk, high-value digital transactions.

Snippet: EMV has now been deployed in more than 80 countries around the world. All have seen a significant drop in card-present fraud as a result, but they have also experienced a surge in online card fraud and other card-not-present (CNP) scams.

EMV has now been deployed in more than 80 countries around the world. All have seen a significant drop in card-present fraud as a result, but they have also experienced a surge in online card fraud and other card-not-present (CNP) scams.

Snippet: In the age of smartphones, we mainly use our phones for apps – many, many apps. Making voice calls and performing other traditional phone functions come second to using the wealth of apps available. Most of us are aware by now that apps bring with them additional risk – that they can expose us to unwanted prying and data theft.

In the age of smartphones, we mainly use our phones for apps – many, many apps. Making voice calls and performing other traditional phone functions come second to using the wealth of apps available. Most of us are aware by now that apps bring with them additional risk – that they can expose us to unwanted prying and data theft.

Snippet: We have all seen the reports about Apple Pay fraud plastered over the Web. Less informed commentators seem to blame Apple, but is this problem really their fault this time?

We have all seen the reports about Apple Pay fraud plastered over the Web. Less informed commentators seem to blame Apple, but is this problem really their fault this time?

Snippet: Credit and debit card fraud is top of mind for payments industry professionals worldwide. According to a report by Mercator Advisory Group released in February 2013, the direct costs of payment card fraud for US issuers reached nearly $1.4 billion in 2012, but the total costs associated with it are estimated at more than $8 billion. Other analysts suspect that this cost is significantly underestimated because fraud losses are probably underreported.

Credit and debit card fraud is top of mind for payments industry professionals worldwide. According to a report by Mercator Advisory Group released in February 2013, the direct costs of payment card fraud for US issuers reached nearly $1.4 billion in 2012, but the total costs associated with it are estimated at more than $8 billion. Other analysts suspect that this cost is significantly underestimated because fraud losses are probably underreported.

Snippet: Here’s a problem. Surveys repeatedly indicate that a sizeable percentage of consumers doubt the security of mobile banking and payments, mindful of the wealth of personal information stored on their phones and suspicious of assurances that their data and money are adequately protected from mobile attack.

Here’s a problem. Surveys repeatedly indicate that a sizeable percentage of consumers doubt the security of mobile banking and payments, mindful of the wealth of personal information stored on their phones and suspicious of assurances that their data and money are adequately protected from mobile attack.

Snippet: A lot of people are excited about the future that biometrics promises. Massive claims are made daily about the technology, especially as it applies to mobile. It’s easy to get caught up in the excitement and see biometrics as a solution to all the problems we currently face. But will deploying fingerprint readers to mobile devices really free us all from digital fraud?

A lot of people are excited about the future that biometrics promises. Massive claims are made daily about the technology, especially as it applies to mobile. It’s easy to get caught up in the excitement and see biometrics as a solution to all the problems we currently face. But will deploying fingerprint readers to mobile devices really free us all from digital fraud?

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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.