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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: FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a little out of date, Entersekt CTO Gerhard Oosthuizen recently told PYMNTS.com in an interview. These days, banks and fintechs are increasingly realizing they’ll work better together than apart.

FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a little out of date, Entersekt CTO Gerhard Oosthuizen recently told PYMNTS.com in an interview. These days, banks and fintechs are increasingly realizing they’ll work better together than apart.

Snippet: In many ways, the evolution of the card networks’ 3-D Secure protocol is a reflection of how the world of e-commerce has changed. As with any process of change, growing pains are inevitable; in the case of 3-D Secure, they’ve been there right from the start.

In many ways, the evolution of the card networks’ 3-D Secure protocol is a reflection of how the world of e-commerce has changed. As with any process of change, growing pains are inevitable; in the case of 3-D Secure, they’ve been there right from the start.

Snippet: Today’s world is more interconnected than ever. Although this has its advantages, the increased connectivity brings with it an increased risk of theft, fraud and abuse. The more we rely on modern technology, the more vulnerable we are to cyber attacks resulting in mass data breaches, account takeover, and synthetic identity fraud.

Today’s world is more interconnected than ever. Although this has its advantages, the increased connectivity brings with it an increased risk of theft, fraud and abuse. The more we rely on modern technology, the more vulnerable we are to cyber attacks resulting in mass data breaches, account takeover, and synthetic identity fraud.

Snippet: 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.

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.

Snippet: As payments become more digitized, so do fraud schemes. Fraudsters always seem to stay just one step ahead of the industry’s relentless efforts to defeat them.

As payments become more digitized, so do fraud schemes. Fraudsters always seem to stay just one step ahead of the industry’s relentless efforts to defeat them.

Snippet: FinTech Atlanta, a coalition of companies and organizations working together to grow the city’s fintech ecosystem, aims to have Atlanta recognized as the global home of fintech by 2020. The metropolis already has an impressive track record in financial services.

FinTech Atlanta, a coalition of companies and organizations working together to grow the city’s fintech ecosystem, aims to have Atlanta recognized as the global home of fintech by 2020. The metropolis already has an impressive track record in financial services.

Snippet: Without carrier interoperability, it would be impossible to transmit calls or text messages between mobile phones on different networks, making SS7 a key component of the global communication ecosystem.

Without carrier interoperability, it would be impossible to transmit calls or text messages between mobile phones on different networks, making SS7 a key component of the global communication ecosystem.

Snippet: 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.

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.

Snippet: 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.

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.

Snippet: Cart abandonment one is of the biggest concerns for e-commerce merchants today. They are, after all, operating in a space where the customer holds the power to fill their shopping basket to the brim only to discard it at checkout if anything about the process doesn’t appeal them.

Cart abandonment one is of the biggest concerns for e-commerce merchants today. They are, after all, operating in a space where the customer holds the power to fill their shopping basket to the brim only to discard it at checkout if anything about the process doesn’t appeal them.

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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.