Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Claudius van der Meulen, VP business development / director Europe, Entersekt

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Five reasons to take a second look at digital authentication

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Jun 22, 2017 9:00:00 AM

Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception. However, change is healthy and arguably necessary as the digital world evolves around us. Here are five reasons why you should consider taking a fresh look at your organization’s authentication processes.

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Topics: Mobile banking authentication, Regulatory guidance, User experience

The end of the piggy bank?

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Dec 7, 2016 10:00:00 AM

The piggy bank has been a symbol of saving for years. The term itself is actually much older than the farmyard shape we are familiar with today, deriving from “pygg” a kind of clay used to make Europe’s first money jars in the Middle Ages. Most children probably don’t know that, but they nonetheless learn a lot from the piggy bank. It is a good start to understanding that money has a value and that saving it has long-term benefits.

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Topics: Europe

Will a cashless society be the future?

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Jun 9, 2016 2:39:59 PM

Sweden has often been quick to use new technologies to power cultural and social development. Spotify, founded in Sweden in 2006, embraced streaming technology as a business model and is considered to be one of the world leaders in music distribution today. In the gaming world, a Swedish company named King developed the immensely popular Candy Crush app. It has since become a global leader in social gaming.

It goes without saying that innovative virtual services such as streaming music or gaming rely on accessible, convenient electronic payment systems. Perhaps that is why Swedish banks and other service providers have been so innovative in exploring cutting-edge payment alternatives.

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Topics: Card-not-present authentication, Cards, Privacy

Let’s talk mobile payments at Kartenkongress 2016

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Apr 21, 2016 11:00:00 AM

At next week’s EHI Kartenkongress (26–27 April in Bonn, Germany), a popular subject will be the maturing market in mobile payments. It’s a topic as relevant to European banks and card issuers as it has ever been, and it raises many interesting questions on how best to deliver convenient, secure mobile-based transacting.

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Topics: Card-not-present authentication, Mobile banking authentication, 3-D Secure, Events

Mobile payments in Europe: balancing trust and ease of use

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Jan 28, 2016 11:23:00 AM

At the start of a new year, many of us take the opportunity to reflect on the past 12 months and to look forward to the year that lies ahead.

Entersekt certainly had an exciting 2015 in Europe. During our conversations with banks, card issuers, and system integration partners, we had very fruitful discussions on how to prevent fraud affecting digital banking and shopping. With most, we are in different stages of implementing Transakt and protecting online transactions with our authentication solutions.

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Topics: Mobile banking authentication

The trouble with mTANs

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Nov 5, 2015 10:41:00 AM

A mobile transaction authentication number (mTAN) is a one-time password delivered to users of online systems using the SMS format. Millions of digital banking customers use them today to verify their online transactions with their bank. It is a system that most consumers believe to be secure, but that has been repeatedly compromised over the past years in a variety of ways.

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Topics: One-time passwords, SIM swaps/cloning and number porting, SMS OTP/ mTAN

Transakt complies with Germany's BaFin regulations

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Sep 23, 2015 6:06:00 PM

Two-factor authentication is, by now, a familiar means of securing online systems, especially in the financial services industry. Apart from static credentials (username and password), a user is usually also asked to authorize the transaction, or even a login event, by using another method. This second factor helps confirm their identity.

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Topics: Regulatory guidance, User experience

Europe muscles up on mobile strong authentication

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Sep 8, 2015 2:06:00 PM

Mobile commerce transactions and other app-based payments must be secured if consumer adoption is to continue at the impressive pace we have seen. Attacks on customer accounts by fraudsters are becoming increasingly sophisticated, which raises concerns among consumers about the safety of mobile transactions. Besides the impact on individual victims, this kind of fraud threatens to limit mobile innovation. How can financial institutions and customers protect themselves without compromising on convenience?Claudius_van_der_Meulenr
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Topics: User experience, Entersekt white papers

The password paradigm shift to FIDO: With Entersekt, you are ready

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Oct 30, 2014 2:30:00 PM

Claudius_van_der_MeulenrDo you have any idea how many accounts and passwords you’ve used? I am not just talking about your bank, email and social media accounts, but also all the passwords for the online stores that you’ve bought from (even if only once in the last 10 years), the subscriptions you’ve taken out and the online services you’ve used. What passwords did you choose for those accounts? Chances are that you chose ones that were easy to remember – and to guess. And if you’re like me, you probably reused passwords. All these accounts and passwords are still out there, sometimes with your credit card details and other personal data attached.

More and more Internet services are realizing that the user name and password paradigm is obsolete. Every day, bank accounts are being hacked and Facebook identities hijacked because of failing authentication mechanisms. Expecting users to manage scores of unique, unguessable passwords is unreasonable and enormously increases the risk of identity theft and fraud. As for knowledge-based authentication, the huge amount of personal information on social media means that it’s dead – just about anyone can find your mother’s maiden name online.

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Topics: FIDO Alliance

About Trusted Transactions

Trusted Transactions is Entersekt's blog devoted to keeping our customers, prospects and friends updated with industry news, security threats and technology advances in consumer authentication. We can protect against online banking fraud and account takeovers. Trusted Transactions brings you industry data and insights to help safeguard your online and mobile banking and payments transactions. 

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