Secure Mobile Application Development

In the increasingly crowded and competitive financial services market, financial institutions (FIs) are prioritizing mobile app development and the mobile user experience in order to maximize customer acquisition and retention. So why does it seem that secure mobile application development isn’t receiving the same amount of attention? Cybercriminals are doubling down on their efforts to attack mobile users by exploiting… Read more

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Security Trends 2019

To help banks and financial institutions (FIs) anticipate and respond to cybersecurity trends in 2019, we’ve brought together some of our top security, technology, and industry experts. Here we share predictions for 2019, along with our thoughts on the technologies of choice critical to building digital trust and customer loyalty. This year, the impact of regulatory change tops our list… Read more

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Facial Recognition

Biometric facial recognition is evolving faster than many people realize. It is common knowledge that government buildings, military installations, and retail locations have had security cameras deployed for years. Over the past decade, they have upgraded and integrated cameras with sophisticated facial recognition software to help protect people and assets on-site. What is changing, however, is the rate at which… Read more

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Fornite on Mobile

CEO Tim Sweeny of Epic Games, the publisher of the wildly popular Fortnite game, is on a mission to “advance the openness of all platforms” – not to mention side-step Google’s 30% take of developer proceeds – by distributing Fortnite for the Android platform via their website rather than the Google Play store. I applaud a maverick challenging the status… Read more

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August 14, 2018 - Frederik Mennes
overlay attacks

The growth of mobile technology and the increased importance of cybersecurity have dominated news cycles in the past year. At the same time, one of the biggest threats we’re seeing against mobile are overlay attacks – combining social engineering with inherent security weaknesses found in mobile apps, these attacks take advantage of users to trick them into sharing sensitive data…. Read more

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Diving into Summer Vacation Security Risks

We are in the middle of the holiday season, and while it may be the most enjoyable part of the year, it’s definitely not the safest. We all take our technology gear with us on vacation, the kids enjoy their devices and professionals today worry about completely disconnecting from their work responsibilities. Here’s the problem, security threats don’t stop just… Read more

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PSD2: Creating a Secure Execution Environment for Mobile Banking Apps

The revised Payment Services Directive, also known as PSD2, pays a lot of attention to the security of mobile banking apps, mobile payment apps, mobile wallets, and other apps that offer payment functionality. The most important requirements related to mobile app security are present in Article 9 of the final Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and… Read more

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New iOS 12 Feature Risks Exposing Users to Online Banking Fraud

Security Code AutoFill is a new feature for iPhones in iOS 12. It is supposed to improve the usability of two-factor authentication, but could expose users to online banking fraud by removing the human validation aspect of the transaction signing/authentication process. Two-factor authentication (2FA), which is often referred to as two-step verification, is an essential element of many security systems,… Read more

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selfie

The Economic Growth, Regulatory Relief, and Consumer Protection Act was just signed into law by President Trump.  Also known as the Dodd-Frank Repeal, the new law removes many of the regulations imposed on banks after the financial crisis and the Great Recession of the late 2000s.  As with most laws, the Act includes numerous provisions. Among these is Section 213,… Read more

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mobile

As part of a secure and seamless mobile first strategy, banks, credit unions, and other financial institutions must rethink the customer journey. Financial institutions strategically aim for customers to do more with mobile while minimizing fraud exposure tied to untrusted, high-risk devices. To enable growth in the mobile channel, financial institutions need to provide fast, convenient, and frictionless high-value services… Read more

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