Facebook wants to be the future of online banking
Facebook says to banks: tell us who your customers are, and we’ll get them talking to you in Messenger. Continue reading Facebook wants to be the future of online banking
Category Archives: Mobile Banking
Anubis Strikes Again: Mobile Malware Continues to Plague Users in Official App Stores
IBM X-Force reported that mobile malware developers uploaded at least 10 malicious downloader apps to the Google Play Store as the first step in a process that fetches BankBot Anubis.
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PSD2: Creating a Secure Execution Environment for Mobile Banking Apps
The following article, authored by Frederik Mennes, Senior Manager Market & Security Strategy at the OneSpan Security Competence Center, first appeared 06/2018 in German on IT Finanzmagazin. The revised Payment Services Directive, also known as PS… Continue reading PSD2: Creating a Secure Execution Environment for Mobile Banking Apps
Mobile Financial Transactions Are Faster, But Are They Any Safer?
The mobile revolution has made it simpler and faster for banking customers to conduct financial transactions, but it has also expanded the attack surface for fraudsters aiming to steal sensitive data.
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Open Banking: Tremendous Opportunity for Consumers, New Security Challenges for Financial Institutions
New security standards around open banking focus on multifactor authentication and monitoring of transactions but largely ignore device security.
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Behavioral Biometrics – A Discreet Layer of Security for Mobile Apps
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 cyberc… Continue reading Behavioral Biometrics – A Discreet Layer of Security for Mobile Apps
As Facial Recognition Accelerates, VASCO Responds with a Face ID SDK
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, e… Continue reading As Facial Recognition Accelerates, VASCO Responds with a Face ID SDK
As Facial Recognition Accelerates, VASCO Responds with a Face ID SDK
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, e… Continue reading As Facial Recognition Accelerates, VASCO Responds with a Face ID SDK
Open Banking and PSD2: Disruption or Confusion?
If you’re not yet familiar with the concept of open banking, you’re not alone. U.K. consumer advice firm Which? reported that 92 percent of the public is unaware of the initiative, which officially launched on Jan. 13, 2018, to promote the use of application programming interfaces (APIs) to enable developers to build applications to augment […]
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Continue reading Open Banking and PSD2: Disruption or Confusion?
MITM Vulnerabilities Found in Mobile Banking Apps
A team of researchers has found issues with the validation of TLS certificates for mobile banking and other security-focused applications that could allow man-in-the-middle (MITM) attackers to decrypt their traffic. Some of the apps are from high-profi… Continue reading MITM Vulnerabilities Found in Mobile Banking Apps