PSD2 Creates Opportunities for Payment Providers but also Vulnerabilities to Mobile Users

PSD2 Creates Opportunities for Payment Providers but also Vulnerabilities to Mobile Users

Customers of the British retail bank Tesco Bank awoke in early 2017 to find their bank accounts drained of funds. The recent Tesco Bank hack has left the retail banking world reeling, searching for answers and more effective ways to secure themselves against future attacks. It has been revealed weaknesses in the bank’s mobile applications left the door open for cybercriminals to brute force their way in and take more than £2.5 million… Read more

The post PSD2 Creates Opportunities for Payment Providers but also Vulnerabilities to Mobile Users appeared first on VASCO Data Security – Blog.

This is a Security Bloggers Network syndicated blog post authored by Guest Blogger Lars Birkeland, Marketing Director of Promon. Read the original post at: VASCO Data Security – Blog