Strong Customer Authentication According To PSD2: Summary & Checklist
The changes that are guaranteed to transform the EU financial market have finally arrived. On January 13, 2018, the second Payment Services Directive (commonly known as PSD2) came into force in the European Union. In this article, we’ve gathered all the information on PSD2 security and strong customer authentication requirements to help the existing and future companies to get ready for these changes. So let’s get started with our...
The Pros and Cons of Different Two-Factor Authentication Types and Methods
Along with the first digital devices rose a need to ensure the security of stored data and to differentiate access to various functions. A variety of methods for unambiguous authentication of users on which security is based are called authentication factors. These include codes, logins, passwords, certificates, hardware keys, and so on. The whole set of authentication factors can be divided into three groups: Factors of knowledge...
10 Steps to Eliminate Digital Security Risks in Fintech Project
Any kind of project can be of potential interest to attackers, since the information stolen in an attack can be turned into cash. In the case of financial projects, though, an attack usually results in attackers transferring user or system funds to an unknown location. This eliminates the extra steps it would otherwise take them to reach their ultimate goal. Regardless of what stage your fintech project is at, it’s never a bad...
Top 7 Tips How to Protect Yourself from Phishing Scams
What phishing is has been well-known for some time now. The first phishing attacks were noted shortly after the World Wide Web appeared. But despite the efforts of IT security specialists to create more effective ways of anti phishing protection, new phishing sites continue to appear every day. According to the data from several studies, there were about 5000 new phishing sites created every day in 2016. In 2017, this figure will be...
Social Engineering: What It Is and Why It Works
What do advanced network hackers have in common with run-of-the-mill scammers lying in wait for unsuspecting victims on the street? Both of them make extensive use of social engineering. …though many of them don’t even know this term. Social engineering refers to a method of acquiring desired information by using psychology; in particular, the weakness of the human factor. The fact that the reaction of Homo sapiens is largely...