Security

National Retail Federation pushes for Chip and PIN

By
0
April 24, 2014
National Retail Federation pushes for Chip and PIN

The recent major retail breaches have fueled increased interest by the National Retail Federation to push for implementation of a chip and PIN payment card technology. This would make the magnetic strips on payment cards obsolete and no longer a calling card for hackers. “We’re here today because the question of data security and...
Read More »

Chase Updates App, Discusses Digital Wallet

By
3
April 21, 2014
Chase Updates App, Discusses Digital Wallet

JPMorgan Chase updated its iPhone app Thursday, and dropped some hints about its mobile roadmap for the rest of 2014. The newly updated app, seen at left, aims at “humanizing the user experience” for iPhone users, said Gavin Michael, Chase’s head of digital for consumer and community banking at a media event Thursday. Michael...
Read More »

Heartbleed: Free Tool To Check if That Site is Safe

By
0
April 17, 2014
Heartbleed: Free Tool To Check if That Site is Safe

I’m sure you’ve heard the news about Heartbleed by now (unless you’re in vacation wonderland and have taken a tech break). This is a serious vulnerability in the core of the Internet and is something we all should be concerned about. Heartbleed is a kink in encryption software, discovered by security researchers. It is...
Read More »

Bank of America Adds Mobile Users, Sheds Branches

By
1
April 16, 2014
Bank of America Adds Mobile Users, Sheds Branches

Mobile users continue to grow at Bank of America. The bank grew mobile users by 4% in the first quarter of 2014, while shedding 1% of its branches. Mobile users reached 15 million, almost 20% higher than one year ago. JPMorgan Chase and Wells Fargo both saw about 5% QOQ mobile user growth. 10%...
Read More »

VIDEO: Samsung Galaxy S5 Fingerprint Scanner Hacked

By
0
April 15, 2014

Oops! Looks like Samsung‘s fingerprint scanner has already been hacked, revealing problems with its implementation. The scanner allows unlimited attempts before asking for a password, and does not require a password after restarting the device. Apple’s iPhone 5S avoids these two pitfalls. The video below shows white hat hackers spoofing a fingerprint and accessing...
Read More »

Building a Bank from Scratch

By
3
April 15, 2014
Building a Bank from Scratch

The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with Marc Andreessen and others on the subject back in February, elaborated on his vision for a...
Read More »

VIDEO: PayPal Leaps to the Forefront of Biometric Authentication

By
1
April 14, 2014
VIDEO: PayPal Leaps to the Forefront of Biometric Authentication

Biometrics have arrived, and not a moment too soon. The so-called Heartbleed vulnerability has just about everyone worried about the fidelity of passwords, which are hard to remember and not secure anyway. Fingerprint scanners and other forms of biometric authentication are both easier and far safer and have long been held up as potential...
Read More »

Heartbleed is a Headache for Banks

By
1
April 11, 2014
Heartbleed is a Headache for Banks

Bank systems are generally thought to be safe from the direct effects of the Heartbleed bug, according to security experts, but the galaxy of vendors and service organizations — to say nothing of employee devices — are another matter. The Heartbleed exploit refers to a weakness in OpenSSL, an authorization and encryption protocol that...
Read More »

Risk, Compliance Top Concerns for Bitcoin Startups

By
0
April 8, 2014
Risk, Compliance Top Concerns for Bitcoin Startups

It’s no longer the Wild West for virtual currency startups — all 2,000 of them. The regulators (and tax collectors) have virtual currencies in their cross-hairs, and the startups must learn to operate in a regulated space. There is tension in the bitcoin community over compliance. There will always be an anarchic element to...
Read More »

Voice Banking — With Biometrics — to Arrive at Two Major Banks This Summer

By
2
April 8, 2014
Voice Banking — With Biometrics — to Arrive at Two Major Banks This Summer

Bank customers may soon be using their phones to actually talk. This summer, two major banks will announce audio virtual assistants paired with voice biometrics in their mobile apps, according to Nuance Communications. More banks are in discussion to do the same. USAA is already up and running with Nina, Nuance’s virtual assistant, and US...
Read More »



Archives