In the media.
Payments Journal
18 January 2020
Cashless isn’t here yet, but this is how it could be
Consumers today are constantly on the move. Whether it be going to work, school or running errands, they have made it known that if services they seek aren’t convenient, they will likely find an alternative. This is especially true for in the world of digital payments. Sherif Samy, SVP North America, dives into dives into the opportunities FIs can take to innovatively and securely meet their customers on any device.
READ MOREThreat Post
17 January 2020
Mobile carrier customer cervice ushers in SIM-swap fraud
Weak challenge questions by customer service reps make it easy for fraudsters to hijack a phone line and bypass 2FA to breach accounts. CCO Dewald Nolte weighs in on SIM-swap fraud and approaches banks can use for combating it.
READ MOREBanken.nl
13 January 2020
Uitdagingen voor de bankensector in 2020
2019 was niet bepaald een saai jaar voor de bankensector. Het Open Banking-tijdperk en wetgeving als PSD2 dwongen banken tot het aanpassen van hun infrastructuur en bijbehorende processen, niet alleen om aan de regels te voldoen maar ook om een digitale basis te leggen voor de toekomst. Daarnaast zijn er nieuwe betaaloplossingen geïntroduceerd van niet-bancaire spelers, zoals Apple Pay van bigtech Apple. Ook 2020 belooft een interessant jaar te worden met verschillende uitdagingen en ontwikkelingen. Gerhard Oosthuizen, Chief Technology Officer bij Entersekt, zet er drie op een rijtje.
READ MOREITProPortal
13 December 2019
Why it's time for banks to ditch OTPs for good
Most experts in the cybersecurity industry can’t understand why banks are still using SMS OTPs to fight financial fraud. They have been rendered ineffective, inconvenient for users, and are susceptible to SIM swap or number-porting attacks, fake caller IDs, and call forwarding scams operated by dishonest customer service representatives at mobile carriers. Worse, OTPs do not guarantee protection from phishing attacks and malware-enabled account takeover fraud. Banks need to move with the times, ditch the SMS OTPs and invest in alternative cyber security solutions – before it’s too late.
READ MOREPYMNTS.com
3 December 2019
Consumers want more banking app control — will FIs step up?
Recent PYMNTS.com research in collaboration with Entersekt found that 89% percent of people who use banking apps want more control, especially over things like setting transaction-specific authentication requirements. But banks have been slow to respond to these kinds of demands for control and security. Christian Ali, SVP Products at Entersekt, takes a closer look at what the data shows and what it means for banks.
READ MOREGlobal Banking & Finance Review
22 November 2019
The weaponization of personal data: How consumers can regain control
Knowingly or unknowingly, consumers have been complicit in the erosion of our personal privacy and security. Convenience, after all, has become the priority for most of the online world. So how do we start to regain the control we’ve lost, without sacrificing on the usability we’re accustomed to? (Read more on page 110.)
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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.