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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: 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.

Snippet: In digital banking, and more recently also in the mobile payments sphere, security and usability are commonly viewed as incompatible priorities. By implication, for security to be strong enough, it must also impose inconvenience on the user. At Entersekt, however, we prefer to ask: why do banks have to choose?

In digital banking, and more recently also in the mobile payments sphere, security and usability are commonly viewed as incompatible priorities. By implication, for security to be strong enough, it must also impose inconvenience on the user. At Entersekt, however, we prefer to ask: why do banks have to choose?

Snippet: As we increasingly move our lives online, it is no surprise that fraud should be following us. The rise of ecommerce and digital banking has resulted in growing levels of fraud targeting these new business channels. In this blog post, London-based analyst Alan Goode investigates what is currently happening in the UK.

As we increasingly move our lives online, it is no surprise that fraud should be following us. The rise of ecommerce and digital banking has resulted in growing levels of fraud targeting these new business channels. In this blog post, London-based analyst Alan Goode investigates what is currently happening in the UK.

Snippet: Durch PSD2 wird es zu einer ganz neuen Marktdynamik kommen. Einerseits müssen sich Banken auf Belastungen durch neue Compliance-Anforderungen und erweiterte Haftungsrisiken einstellen, andererseits entstehen durch das regulatorische Rahmenwerk auch neue Umsatzchancen.

Durch PSD2 wird es zu einer ganz neuen Marktdynamik kommen. Einerseits müssen sich Banken auf Belastungen durch neue Compliance-Anforderungen und erweiterte Haftungsrisiken einstellen, andererseits entstehen durch das regulatorische Rahmenwerk auch neue Umsatzchancen.

Snippet: I sometimes think that here, in the IT security sector, we’re having the wrong conversation about authentication. As we debate the respective merits of the various solutions, we’re in danger of forgetting the most important member of the value chain: the customer.

I sometimes think that here, in the IT security sector, we’re having the wrong conversation about authentication. As we debate the respective merits of the various solutions, we’re in danger of forgetting the most important member of the value chain: the customer.

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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.