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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO

Digitalization is a double-edged sword for banks, especially when it comes to security. As interactions and transactions become more interconnected, even the simplest processes like opening a new account or making a balance transfer become riddled with security concerns.

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Making Banking a More Effortless Experience

CIO

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

Banking 327
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Zero Trust Security for NIS2 compliance: What you need to know

CIO

Over 100,00 organizations are expected to be impacted by Network and Information Security Directive (NIS2) cybersecurity standards that European Union (EU) member states must implement by October 2024. [i] This concept of least-privilege access is fundamental to Zero Trust Security practices.

Security 242
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Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

TechCrunch

One such company, Stytch , just raised $30 million in a Series A round of funding as it launches out of beta with its API-first passwordless authentication platform. The company was founded on the premise that passwords are no longer secure, and make companies easy targets for hackers and expose them to account takeover risk.

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Bitwarden acquires Passwordless.dev to help companies authenticate users without passwords

TechCrunch

Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev , which specializes in helping developers integrate passwordless authentication technology into their software. Image Credits: Passwordless.dev. .

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3 ways to deter phishing attacks in 2023

CIO

In fact, CIO has reported that it takes only a few minutes for experienced hackers to set up a social engineering attack against enterprises (and their managed service providers) that consider themselves to be secure and protected. What methods are cybersecurity experts using to minimize the impact of these attacks? Let’s dig deeper.

Security 352
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Otterize raises $11.5M to help developers securely connect software services

TechCrunch

Tomer Greenwald, Uri Sarid and Ori Shoshan, software developers by trade, found themselves building and configuring software authentication and authorization mechanisms repeatedly — each time with a different tech stack. Otterize today raised $11.5 Time will tell.

Software 211