Entersekt Offers Guidance on Securing the Mobile Channel Amidst FBI Cautions
US Federal Bureau of Investigation warns that cybercriminals are increasingly targeting mobile banking apps – here’s what banks can do
“Current solutions to digital fraud have failed to alleviate consumer uneasiness around mobile banking security and have had a negative impact on the user experience,” said Christian Ali, SVP product, Entersekt. “Meanwhile, mobile malware is evolving fast, threatening to make the situation worse. If banks want to protect their customers from account takeover fraud and secure their futures in a disrupted marketplace, they must intelligently reengineer user and transaction authentication on the mobile channel as the first, crucial step on that path.”
Entersekt’s free-to-access whitepaper outlines the opportunities presented by mobile, as well as the new set of threats that arise from it, including the explosive rise of mobile malware, vulnerabilities stemming from poor app design and configuration, weaknesses in mobile device ID, as well as flawed authentication. Importantly, it also addresses the necessary balance of regulatory-compliant security and ease-of-use. In other words, how financial institutions can solve the security and user experience equation.
It then lays out the best practices to secure the mobile channel in order for organizations to take full control over their security. These include:
· Avoiding reliance on SMS, OTPs, and native device security
· Harnessing the power of public-key infrastructure on mobile phones
· Building a second, secure channel for user transaction and authentication
· Taking a layered approach to boost security for high-value, high-risk transactions
· Involving customers in securing their transactions
Download Securing the mobile banking channel here (https://bit.ly/2NEI50W).
About Entersekt
Entersekt is an innovator of mobile-first fintech solutions. Financial services providers and other enterprises rely on its patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. Whether pursuing compliance through strong authentication and state-of-the-art app security or looking to meet consumer demand for on-the-go information sharing and payment capabilities, Entersekt’s clients always enjoy a competitive advantage. For more information on Entersekt, visit www.entersekt.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20200629005033/en/
Website: http://www.entersekt.com
Contact
Entersekt
Heather Thompson
SVP marketing and communications
021 815 2800
This news is a press release provided by Entersekt.
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2023년 8월 17일 13:50