Back in 1999, payment networks introduced the first version of the 3-D Secure authentication protocol, which sought to add security to online credit card transactions. 3DS 1.0, as it is now known, required cardholders to authenticate their identity before completing a purchase. Ben Dominguez, executive...
The wide availability of selfies on social media has helped fuel artificial intelligence (AI)-powered scams. Speaking to Bloomberg News on Friday (Feb. 28), Center for Strategic & International Studies researcher Julia Dickson said cybercriminals are stealing profile pictures and personally identifiable information or purchasing it...
Account takeovers are among the most insidious threats to banks and consumers. Fraudsters use all manner of schemes to prey upon vulnerabilities and weak links that exist in the chain of interactions. Key to stealing money from accounts is the fact that criminals use advanced...
Financial institutions (FIs) can be thought of as the gatekeepers in online commerce. In today’s environment of rising fraud, criminals are using advanced technologies to impersonate legitimate consumers. Yet, FIs continue to rely on rules-based systems to authenticate account holders, using old-school static information (passwords...
May 14, 2025
If there’s one unwelcome constant in payments, it’s fraud. Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures. To battle fraudsters, financial institutions (FIs) need to take a proactive, holistic approach to security and scam protection in particular, Entersekt CEO Schalk Nolte told PYMNTS. That means using behavioral […]
April 28, 2025
Back in 1999, payment networks introduced the first version of the 3-D Secure authentication protocol, which sought to add security to online credit card transactions. 3DS 1.0, as it is...
February 13, 2025
Account takeovers are among the most insidious threats to banks and consumers. Fraudsters use all manner of schemes to prey upon vulnerabilities and weak links that exist in the chain...
January 21, 2025
Financial institutions (FIs) can be thought of as the gatekeepers in online commerce. In today’s environment of rising fraud, criminals are using advanced technologies to impersonate legitimate consumers. Yet, FIs...
March 02, 2025
The wide availability of selfies on social media has helped fuel artificial intelligence (AI)-powered scams. Speaking to Bloomberg News on Friday (Feb. 28), Center for Strategic & International Studies researcher Julia Dickson said cybercriminals are stealing profile pictures and personally identifiable information or purchasing it from underground marketplaces. From there, scammers use the data to […]
December 28, 2023
Subscription companies lose an average of 9% of sales to failed payments. However, the top-performing merchants recover 60% of failed payments, saving ones that would have otherwise been lost, according...
October 24, 2023
Entersekt and digital banking platform EbankIT teamed to provide new security measures for financial institutions. The companies’ new solution offers banks and credit unions biometric authentication and protection against several...
October 23, 2023
Mexican FinTech Plata chose Entersekt to provide authentication services for its new credit card. The partnership will allow for low-friction payment authentication with “risk-aware 3D Secure,” a burgeoning regulatory requirement,...
