Survey Reveals Fraud Schemes Too Sophisticated and Evolve Too Quickly to Stop

Analysts wonder whether recent hacks like that of Equifax might serve as the tipping point for banks to rollout new anti-fraud measures, while in tandem, more than half of financial institutions surveyed lack confidence in their current ability to detect and prevent fraud. At least that’s what the 2017 Face of Fraud Survey, conducted by ISMG, experts in risk management research and data security analytics, and commissioned by VASCO recently... Read more The post Survey Reveals Fraud Schemes Too Sophisticated and Evolve Too Quickly to Stop appeared first on VASCO Data Security - Blog.
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NIST Softens Guidance on SMS Authentication

What a difference a year makes. As related in AppDev Magazine’s recent newsletter, just one year after NIST, the National Institute of Standards and Technology issued guidance that found SMS insecure and no longer suitable as a strong authentication mechanism; it has backpedaled to reduce their previously strong statements and instead offers a new, softer recommendation. According to this article, NIST proposed “deprecating” SMS 2FA last year because of vulnerabilities... Read more The post NIST Softens Guidance on SMS Authentication appeared first on VASCO Data Security - Blog.
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What Bob Dylan and RASP Have in Common

Ok, now that I have your attention, I’ll explain how I got here. Feel free to follow along. In early April, the creative folk icon finally made his way to Stockholm and the home of the Swedish Academy to formally accept his 2016 Nobel Prize for Literature and the 8 million Swedish krona (approximately $900,000 US) that went along with it. It happens that one of his most well known... Read more The post What Bob Dylan and RASP Have in Common appeared first on VASCO Data Security - Blog.
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The Rise of Smart Authentication

It’s the 21st century marketing mantra: Never underestimate the power of ‘smart.’ After all, we have ‘smart’ phones, ‘smart TVs’, a ‘smart’ doorbell and yes, even a ‘smart’ dishwasher. Retail niches aside though, when it comes to the stuff that really matters, (like keeping your private information private), what about ‘smart’ authentication? As detailed in this Network World article, multifactor authentication strategies, while rising in popularity continue to be dogged... Read more The post The Rise of Smart Authentication appeared first on VASCO Data Security - Blog.
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Behavioral & Biometric Authentication Will Kick Passwords to the Curb Sooner Than You Think

Before there were ‘preppers’ there were the sign holders, who would boldly proclaim, “The End is Near” on street corners, in football stadiums, and in fact anywhere large crowds gathered. Today, there are pundits (and others) in the security industry heralding a similar message, the end, or to really put a fine point on it, the death of static passwords is near. No surprise, really, on all the reasons why... Read more The post Behavioral & Biometric Authentication Will Kick Passwords to the Curb Sooner Than You Think appeared first on VASCO Data Security - Blog.
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The Holy Grail of Mobile Channel Security Is Here!

In their third quarter 2016 earnings report, Bank of America said that 20 percent of its total sales were digital and 27 percent of those sales were over mobile devices. The bank reported that it now has over 21 million mobile customers. And similar growth is being seen across the banking industry, so there’s no doubt that the mobile channel is a strong contributor to bank growth. As the proverb says,... Read more The post The Holy Grail of Mobile Channel Security Is Here! appeared first on VASCO Data Security - Blog.
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