While many banks claim to adopt a mobile-first strategy, many often still connect their mobile applications to internet banking during customer activation and onboarding. This may sound harmless enough, so why is it an issue for customer security?
Authentication via SMS-OTP is considered outdated because of higher overall costs, low user convenience, and insufficient regulatory compliance in specific geographic regions, but primarily for practical security reasons.
Payment scenarios exempt from SCA requirements are generally determined by a transaction’s amount, recurrence, and the channel used to carry out the payment. Let’s take a detailed look at these exemptions.
Authentication elements are either categorized as knowledge, possession, or inherence. How are these categories defined — and what does each of them require?
The latest installment of our series focused on Strong Customer Authentication (SCA) explores the aspect of dynamic linking. How is this component vital to providing secure online transactions?
In a continuation of our article series on Strong Customer Authentication (SCA), we’ll be examining the requirements for generating a core component of SCA requirements: authentication codes.
Here’s how your business can benefit from embracing strong customer authentication requirements.
Our team continuously monitors for significant mobile banking and related security threats that are lurking in the digital world.
Whether we’re purchasing something online or managing personal finances, we turn to solutions that we access on our mobile devices.
As a proudly Czech company, Wultra’s own company values are built around establishing the Czech Republic as a haven for individuals and businesses seeking reliable data protection and cyber-security providers.
Mobile banking security practices have ramped up after unreliable authentication methods have led to phishing attacks and compliance issues.
Facial authentication is one of the good ways to verify one’s identity with a high level of confidence. However, it isn’t a one-size-fits-all solution; there are multiple “levels” of facial authentication that provide corresponding levels of protection.
For many people, the concept of passwordless authentication can be difficult to wrap their head around. How is it that one safely logs in to and interacts with sensitive services without using a password, you may wonder?
Our latest market analysis will help you make a qualified decision about releasing your mobile banking app to Huawei AppGallery.
The security of digital banking systems often relies on strong cryptography. However, the algorithms we currently know and take for granted, such as RSA or ECC, are threatened by a new computational paradigm and a machine with an unprecedented force: the quantum computer.