The following article, authored by Giovanni Verhaeghe, Director Market and Product Strategy, VASCO, first appeared 2/4/2018 in the Financial IT.net blog. Mobile banking apps and the devices they run on are increasingly at risk for compromise by cybercriminals. New, sophisticated methods of attack have rendered the classic username-password scheme outright obsolete. Even the more secure but still basic two-factor authentication… Read more

Face ID

Face ID is fast becoming a differentiator for organizations that want to provide a frictionless mobile experience. While biometric authentication remains the exception and not yet the rule, the analyst community strongly believes digital businesses, especially banks, need to pay attention. For example, in the recent Hype Cycle for Digital Banking Transformation, 2017, Gartner recommends that digital businesses develop world-class… Read more

Behavioral Biometrics: Improving Security and the Customer Experience

Before the Internet, customers who wanted to transact with their bank had only one option – a visit to their local branch for a face-to-face transaction. Now, in the mobile age, customers expect their banks to provide secure and easy access to the full suite of banking services via their mobile device. New channel, new challenges This demand for mobile… Read more

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… Read more