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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.

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Optimizing PCI compliance in financial institutions

CIO Business Intelligence

Financial institutions must ensure the protection of sensitive personal information, most commonly payment card data, to maintain, trust and meet various regulatory requirements. The Payment Card Industry Data Security Standard (PCI DSS) is a crucial framework to which financial institutions must adhere.

Financial 105
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New York Enhances Cybersecurity Regulations of Financial Services

SecureWorld News

On November 1, 2023, the New York Department of Financial Services (NYDFS) took a significant step toward strengthening cybersecurity defenses across the financial sector by finalizing amendments to Part 500 of its cybersecurity regulations. 15, at the Marriott Marquis Times Square. 15, at the Marriott Marquis Times Square.

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Second Factor Authentication With Security Keys

CTOvision

With the movement of our personal and business critical data to the ‘cloud’, and directed attacks on that data, many of us make use of stronger security through use two-factor authentication. The board level members include Google , RSA, PayPal, most of the major credit card companies, and other financial institutions.

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Prudential Financial suffers a new data breach

Dataconomy

The Prudential data breach is confirmed In a recent disclosure, Prudential Financial announced a data breach last week, during which unauthorized parties accessed and extracted data related to employees and contractors, only to be expelled from the infiltrated systems the following day. Featured image credit: Compare Fibre/Unsplash

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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

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. Have you thought about what can be done with this device to enhance identity authentication?

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Architecting Identity: Five Essential Elements of a Modern Customer Authentication Service

CIO Business Intelligence

They may have a built-in user store supporting password authentication, for example. In response to cloud-based customer experiences, more focus has shifted to authentication. Modern authentication systems tend to be built around the FIDO standards of Web Authentication (WebAuthn) and Client-to-Authenticator Protocol (CTAP).