From a technology stand point, there are many vulnerabilities that could cause problems for your banking apps across the software development cycle (SDLC). These occur at the customer facing, front-end of the app as well as the back-end, within the device and the banking app level, and mean that banks need to ensure that apps have advanced authentication, including integrations into Active Directory, Oauth - and the like - built into their software development; as well as compliance with all the necessary essential industry standards, like PCI, SOX, HIPPA, Common Criteria and so on.

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As companies continue to redefine IT processes to cope with the semi-structured and unstructured data that characterize big data, they are also recognizing that standard data security practices that grew up with fixed-record, transactional data no longer address every big data security concern.

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Catastrophic data breaches are affecting large enterprises at an alarming rate. When an organization is hacked, information including usernames, passwords and email addresses, as well as personally identifiable information (PII)—like a person’s date of birth—are all at risk. Breaches like these affect millions of users and are becoming increasingly widespread.

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Smart cities are coming.

Municipal governments around the globe are employing big data and Internet-of-Things applications to improve many aspects of daily life. Major tech companies like IBM, Cisco and Microsoft are in on the trend, and are battling for a slice of the $15 billion that's projected to be spent on software by 2021, according to Juniper Research.

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BEIJING: China is to begin taking fingerprints of all foreign visitors as it steps up security on its borders, the Ministry of Public Security said on Thursday (Feb 9).

The fingerprinting of foreigners will be introduced at Shenzhen airport in the south from Friday, and it will then be gradually rolled out at other entry points around the country, the ministry said in a statement.

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There are hundreds of security vendors across the security stack. You have providers for cloud, email, network and endpoint security, as well as threat, malware and DDoS protection, among phishing and whaling protection, insider threat detection and a whole lot more.

The trouble is, a huge number of these solutions don’t ‘play’ well with one another, with this often making life difficult for security teams adopting these technologies. 

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Biometrics as a technology has been in use for sometime but in limited ways. Its adoption in India, especially in the enterprise has not been as rapid. The advent of Digital India and especially the scenario, post-demonetization can speed up the process.

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There were approximately 5.6 million incidents of fraud and cybercrime in the UK last year, new figures from the Office for National Statistics (ONS) have revealed. Of that number, two million incidents related to computer misuse offences, highlighting how problematic this type of criminal activity has become.

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As the guardians of customers’ most sensitive data, banks are trusted to provide the gold standard in data security. And for most banks, that means a multi-factor authentication process combining passwords with PINs or security questions. But is that enough?

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As 2017 unfolds, virtual currency (block chain technology), wearable tech and biometrics are all innovative trends set to influence the world of mobile financial services, trends that signify the evolution within the mobile financial service industry from a focus

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Unmanaged risks from supercharged connectivity and the IoT, crime syndicates' quantum leap with crime-as-a-service, compliance risks from new regulations, and brand reputation and trust as a target will be the top four global security threats businesses will face in 2017.

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Technology has navigated from being just a tool to make lives simpler to actually becoming our lives. Backed by the growing number of digital natives, digitisation has become mainstream. It has helped organisations create a digitised environment with innumerable innovative solutions and applications

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Mastercard expects to launch in 2017 its "selfie" function to verify online transactions in Singapore and parts of Asia. This function, known as Mastercard's Identity Check, will allow consumers to use facial recognition technology to match selfies against facial identification, ensuring that the online transactions

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In the area of security and fraud , there has been a consistent trend in the development of verification and authentication technology. How this trend will continue to impact the digital economy 2017 will be critical. The EMV liability shift in the US was widely predicted to see a spike in CNP fraud in the US

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Advancements in biometrics will radically transform the driving experience, health wellness and wellbeing (HWW), and security of vehicles by 2025, research firm Frost & Sullivan predicts.  As one in three new passenger vehicles begin to feature fingerprint recognition, iris recognition, voice recognition

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Attempts to spread fake news cannot be avoided; a great cyber wall cannot be created to protect us from every cyber attack and the changes to society brought about by fast-paced technological change cannot be stopped. Therefore, the best solution is to develop resilience all through society 

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Officials from the Solomon Islands have launched what they have called the first ePassport system in the South Pacific region. Prime Minister Manasseh Sogavare officially launched the e-passport system on Thursday, at the Honiara International Terminal. 

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CUTTACK: A state-of-the-art cyber forensic division will start functioning at the State Forensic Science Laboratory in Bhubaneswar from March 2017, said special DG (crime branch) B K Sharma.The new cyber forensic division will ensure efficient and timely investigation of cyber crimes cases. 

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Britain’s Luton Airport has responded to increasing demand by installing five new biometric ePassport gates. The facial recognition-enabled gates bring the total number at Luton to 15. The airport recorded a 13 per cent increase in passengers in November, its 32nd consecutive

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The Myanmar government is conducting a pilot project to substitute paper National Registration Cards with “smarter” digital identification cards in Naypyidaw and Mandalay.Speaking in the country’s assembley, Minister U Thein Swe revealed details of the project

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Korean researchers have developed new biometric personal authentication technology that recognizes and analyzes multiple user information and context, the Electronics and Telecommunications Research Institute (ETRI) said Wednesday.

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Update in app allows users to log in by using biometric authentication, including fingerprint, voice, and facial recognition. This should help alleviate the kinds of security concerns that can hinder adoption of mobile banking apps. Security concerns are common with nonmobile banking users.

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Biometric authentication is now ready to move beyond fingerprints alone and use a range of identifiers, from facial recognition to voiceprints. These methods will become part of many more consumers' lives, installed on an estimated 190 million mobile devices

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Cybersecurity is now a top concern for businesses, but the reality is that it should have been on their radar years ago. Why did businesses wait so long to invest in cybersecurity? Cybersecurity is an increasing concern in the enterprise as the number of high-profile breaches

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By working separately, these two teams aren't operating as efficiently as they could and are missing huge opportunities. Security and privacy teams have equally important jobs:to understand and identify any risks to an organization through their respective focuses.

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From the offices of Venture Capital firms to the financial services districts, you may not be able to escape the promising whispers of fintech startups.Take a structural shift to mobile, an ever decreasing cost of computing power, the availability of lots of (big!) data

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Payments companies are the most concerned of all financial industry players about losing parts of their business to the ubiquitous Fintech competition. So how are they fighting back? To tackle the ever larger challenge,payment companies have been amongst the most active

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The bad news: It's you against an army of cybercriminals around the world. The good news: A little knowledge can provide an effective defense.Today, almost all hacking is done by professional criminals. In many countries, illegal hacking accounts for more crime, dollar-wise, than noncomputer crime.

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Global physical security market to grow from USD 65.41 Billion in 2015 to USD 105.26 Billion by 2020, at a CAGR of 9.98% from 2015 to 2020. The video surveillance segment is expected to be dominating the physical security market, having been projected to grow at the highest CAGR during forecast period of 2015 to 2020.

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You probably have no idea Wall Street is censuring this investment. For the past 50 years, they've tried to keep Main Street in the dark. Yet famed investor Carl Icahn makes a killing on it. And Warren Buffett does, too.

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