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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: As infosec hotshots flew into Las Vegas for Black Hat USA, a certain Alex Holden of Hold Security dropped a bombshell from Milwaukee. Through the New York Times, he made it known that a Russian gang that he called CyberVor had succeeded in “the biggest hack ever:” the theft from about 420,000 web addresses of “1.2 billion username and password combinations” and “more than 500 million email addresses.”

As infosec hotshots flew into Las Vegas for Black Hat USA, a certain Alex Holden of Hold Security dropped a bombshell from Milwaukee. Through the New York Times, he made it known that a Russian gang that he called CyberVor had succeeded in “the biggest hack ever:” the theft from about 420,000 web addresses of “1.2 billion username and password combinations” and “more than 500 million email addresses.”

Snippet: For those who don’t know the company, allow me to introduce Swisscard AECS, a fantastic group of people that my team has worked with closely over the last year. Based in Horgen, just outside Zurich, Swisscard is the only company in Switzerland to offer American Express, MasterCard, and Visa credit cards from a single source, doing so on behalf of Credit Suisse AG.

For those who don’t know the company, allow me to introduce Swisscard AECS, a fantastic group of people that my team has worked with closely over the last year. Based in Horgen, just outside Zurich, Swisscard is the only company in Switzerland to offer American Express, MasterCard, and Visa credit cards from a single source, doing so on behalf of Credit Suisse AG.

Snippet: In June, news sites in South Africa heralded the release of Capitec Bank’s all-new remote banking app. The app is built on Entersekt’s Transakt SDK, and our staff needed no further reason to celebrate the launch with balloons and some of South Africa’s best sparkling wine.

In June, news sites in South Africa heralded the release of Capitec Bank’s all-new remote banking app. The app is built on Entersekt’s Transakt SDK, and our staff needed no further reason to celebrate the launch with balloons and some of South Africa’s best sparkling wine.

Snippet: With seven billion mobile phone subscribers globally, it’s imperative the financial services industry move quickly to roll out retail and corporate banking services on the one device their customers always have with them: their mobile phone.

With seven billion mobile phone subscribers globally, it’s imperative the financial services industry move quickly to roll out retail and corporate banking services on the one device their customers always have with them: their mobile phone.

Snippet: While online banking fraud is not new, the losses that stem from it continue to increase year after year, as if today’s institutions are either unaware or unconcerned with the problem.

While online banking fraud is not new, the losses that stem from it continue to increase year after year, as if today’s institutions are either unaware or unconcerned with the problem.

Snippet: It is no secret that one-time passwords (OTPs) have outlived their expiration date. These one-off strings of digits have proven to be neither secure nor convenient, especially when generated and dispatched to the customer’s mobile phone via the SMS channel, which is one of the most popular OTP delivery methods used by banks around the world.

It is no secret that one-time passwords (OTPs) have outlived their expiration date. These one-off strings of digits have proven to be neither secure nor convenient, especially when generated and dispatched to the customer’s mobile phone via the SMS channel, which is one of the most popular OTP delivery methods used by banks around the world.

Snippet: Another week brings us news of yet another breach of online systems supposedly protected by one-time passwords, this time at 34 banks in Switzerland, Sweden, Austria, and Japan. At this point, I’m strongly tempted to edit one-time passwords out of the Wikipedia article on multi-factor authentication.

Another week brings us news of yet another breach of online systems supposedly protected by one-time passwords, this time at 34 banks in Switzerland, Sweden, Austria, and Japan. At this point, I’m strongly tempted to edit one-time passwords out of the Wikipedia article on multi-factor authentication.

Snippet: The intensity and sophistication of account takeover attacks continues to rise inexorably. Security breaches at trusted companies are in the news on a daily basis, with stolen consumer data acting as the new currency of the digital underworld.

The intensity and sophistication of account takeover attacks continues to rise inexorably. Security breaches at trusted companies are in the news on a daily basis, with stolen consumer data acting as the new currency of the digital underworld.

Snippet: Barely a day goes by without news of a high-profile security breach or announcement of a major security flaw affecting the Internet. Consumers have never felt more unsafe using digital channels to transact than they do now, but their use continues to grow nonetheless.

Barely a day goes by without news of a high-profile security breach or announcement of a major security flaw affecting the Internet. Consumers have never felt more unsafe using digital channels to transact than they do now, but their use continues to grow nonetheless.

Snippet: The king of financial malware, Zeus, has many variants and one particular variant, the Citadel trojan, continues to pose a significant global threat, despite the rumors of its withdrawal from the crimeware market.

The king of financial malware, Zeus, has many variants and one particular variant, the Citadel trojan, continues to pose a significant global threat, despite the rumors of its withdrawal from the crimeware market.

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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.