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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. Experts warn that biometric authentication alone is not foolproof.

Malware 74
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Beware of Bank of America data breach if you own an account

Dataconomy

Bank of America data breach has been confirmed by the officials and customers are worried. One of the most notable recent cases is the Bank of America data breach, which underscores the importance of cybersecurity vigilance and the ongoing need to protect your personal information. What information was exposed?

Banking 77
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PSD2 Security Requirements Are Restricting Fintech Innovation

Forrester IT

I have recently released a new report looking at the second phase of the Payment Services Directive (PSD2) and its security requirements along with my colleagues Jacob Morgan and Andras Cser. Banks and financial institutions are currently hard at work building APIs and testing their Strong Customer Authentication (SCA) solutions.

Security 352
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Banking and financial software development: Features and requirements

Dataconomy

The development of banking and financial software is essential to the banking sector’s digital transformation. Banks and other financial organizations may simplify operations, boost security, and provide clients with better services thanks to these software solutions. Multiple account types (savings, checking, etc.),

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5 Reasons Why a Good First Login Experience Can Drive Revenue

CIO Business Intelligence

Today’s consumers crave a seamless and effortless experience from the second they enter a webstore or open their banking app, and that experience includes logging in. In 2022, digital CX is focused on making every part of the customer’s path smooth and fast: smoother product searches, speedy bank transfers and nearly invisible logins.

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The ultimate in convenient banking: make payments by thinking

Trends in the Living Networks

In my presentation at yesterday’s media launch of ANZ’s Banking on Australia program , I spoke about new ways of making payments using biometrics. Other work in the field includes Two-Stage Biometric Authentication Method Using Thought Activity Brain Waves and Biometric Authentication Using Brain Responses To Visual Stimuli.

Banking 156