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The security threats out there are almost infinite. At what point can boards, CEOs and security staff feel they've done all they can to protect their banks?
June 26 -
On Wednesday, the Federal Financial Institutions Examination Council announced plans for cybersecurity risk assessments of banks during a webinar.
May 9 -
If standards from the FIDO Alliance are commonly adopted, many banks may drop their reliance on usernames and passwords when identifying users in favor of such alternatives as fingerprint scans and voice and face recognition.
February 25 -
Some cyber-risk insurance policies could prove insufficient in the event of large-scale attack.
June 4
Authentify is unveiling an extension to its mobile device-based authentication software.
The company created a mobile app called xFA that replaces a customer's password with a digital image and a spoken passphrase
This week, Authentify is introducing an extension of xFA called Smart Choice. This software will determine what authentication mechanisms the user's device has access to, such as a fingerprint reader or a gesture-based keypad, and make that the second factor I the authentication process. This relieves a bank or other company of having to predetermine authentication factors that might not be relevant to a user's mobile device.
"The barrier to mass-market deployment of stronger authentication boils down to the impact on the user experience," said John Zurawski, vice president at Authentify, in a press release on Monday. "What we have done is make that experience as simple, automated and friction-free for mobile users as SSL or HTTPS is on the Web."