Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Intellectual property: our secret weapon in a crowded market

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Sep 21, 2017 9:30:00 AM

The cybersecurity market is alive, and kicking ferociously. There are hundreds of security providers out there, all clamoring for your business and all claiming to be the best. When you’re constantly being bombarded with news of new attacks that you need to protect your customers against, the pressure can become overwhelming. How do you choose?

 

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Topics: Online banking authentication, Mobile banking authentication, Entersekt news

Letters to a customer: mandates, authentication and non-repudiation

Posted by Niel Bester, SVP Products, Entersekt

Aug 15, 2017 12:05:21 PM

Over the past fifteen years, the balance of power between large financial institutions and their retail customers has changed. The consumer now has a seat at the bargaining table, and is an equal rather than a subordinate in the decision-making process. How has this shift changed things from an authentication perspective?

 

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Topics: Online banking authentication, Card-not-present authentication, Mobile banking authentication, Transaction signing, Liability

Omnichannel is the new banking

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Mar 3, 2016 2:24:00 PM

Traditional financial institutions have been hit hard by digital disruption, with alternative payment methods such as PayPal and Apple Pay presenting strong competition. According to a 2015 report by the Temenos Group titled Shifting Sands: Banking in the Digital Era, the threat that banks are most concerned about comes from non-traditional players, especially technology companies such as Google. In order to be top-of-wallet in this highly competitive environment, banks must offer more, extending their ecosystems to respond to payment and social media trends. In short, they need to go omnichannel.

 

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Topics: Online banking authentication, User experience, Industry analytics

Redefining online banking security

Posted by Entersekt

Jan 30, 2014 3:00:00 PM

According to a poll conducted by Entersekt in May 2013, Americans access their online banking accounts 10 times per month, on average. Each of these logins is either an opportunity for hackers to steal valuable, personal information, or an opportunity for a financial institution to protect its customers and reputation. 

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Topics: Online banking authentication

Many consumer authentication methods can expose your organization to fraud

Posted by Entersekt

Jan 23, 2014 3:00:00 PM

Online banking fraud has been a problem for the financial industry since the online channel was first introduced to consumers more than a decade ago. While the problem is not a new one within the industry, fraud losses continue to increase year over year, as if today’s institutions are either unaware or unconcerned with the problem.

RSA reported fraud losses now represent a staggering $1.5 billion loss in revenue for financial institutions, and experts see no end in sight. A 2013 report from RSA cites a 59 percent increase in phishing attacks over the year before, which leads many experts to anticipate a continued increase in fraud attacks without swift action from banks.

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Topics: Online banking authentication

Account takeover and security threats on the digital frontier

Posted by Entersekt

Jan 16, 2014 3:00:00 PM

More and more people depend on the Internet to conduct all aspects of their daily life, including online banking and shopping. In fact, 51 percent of U.S. adults, or 61 percent of Internet users, bank or conduct financial transactions online according to the PewResearch Center. 

As the Internet becomes a larger part of our lives, so have the dangers and risks associated with it. The question of identity, and its digital mutability, has become increasingly urgent for users. 

Verifying users of Web-based systems is an enormous challenge that comes with very high stakes. Cyber crime is on the rise everywhere and major security analysts agree that it will experience sustained growth in the coming years. Javelin Strategy & Research estimates losses from account takeover in 2012 at $4.9 billion, a 69 percent increase from the previous year.

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Topics: Online banking authentication

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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