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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Fraud is changing; so should your digital fraud prevention solution

Fraud is changing; so should your digital fraud prevention solution


Exceptionally challenging on so many fronts, 2020’s wholesale upsetting of everyday life impacted financial services and payments pretty much immediately. e-Commerce and digital banking rates skyrocketed, especially among demographics who had previously stuck with cash and in-branch shopping, but then so did fraud, an age-old problem that intensified during the pandemic.

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Snippet: Google announced today that it is enabling support for the FIDO Alliance’s Universal Second Factor (U2F) protocol on all Google user accounts. This makes it the first major company to do so. Entersekt thinks this a fantastic development and one we are very proud to be a part of.

Google announced today that it is enabling support for the FIDO Alliance’s Universal Second Factor (U2F) protocol on all Google user accounts. This makes it the first major company to do so. Entersekt thinks this a fantastic development and one we are very proud to be a part of.

Snippet: Announcements by Samsung and Apple that they are offering developer access to fingerprint biometrics as a form of identification and authentication have received a lot of media attention. Using your fingerprint or voice as a means of identification is a pretty cool idea.

Announcements by Samsung and Apple that they are offering developer access to fingerprint biometrics as a form of identification and authentication have received a lot of media attention. Using your fingerprint or voice as a means of identification is a pretty cool idea.

Snippet: Who is legally liable when cybercriminals break into a network and steal hundreds of thousands of dollars from a company? If you follow recent court cases, businesses and banks point the finger at one another.

Who is legally liable when cybercriminals break into a network and steal hundreds of thousands of dollars from a company? If you follow recent court cases, businesses and banks point the finger at one another.

Snippet: A pressing security concern for banks today is the threat of account takeover, which results in significant losses for both financial institutions and their customers, particularly small businesses.

A pressing security concern for banks today is the threat of account takeover, which results in significant losses for both financial institutions and their customers, particularly small businesses.

Snippet: The world has embraced mobile in a big way. Mobile applications are suddenly an indispensable feature of daily life, serving as sources of information, productivity tools or entertaining ways to pass the time.

The world has embraced mobile in a big way. Mobile applications are suddenly an indispensable feature of daily life, serving as sources of information, productivity tools or entertaining ways to pass the time.

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.

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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.