The final deadline for compliance with the European Union’s revised Payment Services Directive (PSD2) is coming up in September of 2019. However, a new report from the Aite Group and iovation suggests that most payment services providers are not prepared. And those that do comply are expected to turn to some form of biometric authentication.…
Earlier this month, the company behind Timehop, a social media ‘time capsule’ app that shows users their older posts, revealed that it had suffered a data breach affecting 21 million users. And while the attack was not particularly exceptional as far as data breaches go, it nevertheless offers some food for thought, as FIDO Alliance…
With the European Union’s big new privacy and data protection regulations now in place, EU citizens are now equipped with greater security than ever. But these protections aren’t watertight, with one particular flaw in the PSD2 regulation coming under BioCatch‘s magnifying glass. In a new blog post, the company points out that under PSD2 third-party…
“Like other recent EU regulations including the GDPR and PSD2 requirements, the proposed regulation could be a boon to the region’s biometrics industry, both by establishing a need for compliance solutions, and by strengthening the ties between biometrics and official documentation.” The European Commission has issued a new set of proposals aimed at bolstering security…
As the European Commission and the European Banking Authority consider the issue of screen scraping in the Payment Services Directive 2 (PSD2) regulations, the FIDO Alliance is arguing against the practice. Screen scraping refers to the practice of allowing third parties to access users’ bank accounts using their username and password credentials. The EBA had…
Thailand’s National Broadcasting and Telecommunications Commission (NBTC) is pressing ahead with its new regulation requiring mobile network operators to enable biometric registration for subscribers, and has rejected calls to exempt smaller operators from the order, reports the Bangkok Post. The measure was introduced last last year as a means of improving security for customers, with…
America’s Government Accountability Office (GAO) has issued a new report urging the federal government to investigate privacy issues relating to the use of facial recognition technology. Announced by Senator Al Franken, who has long expressed concern about this technology, the report notes in a synopsis that “the current privacy framework in commercial settings warrants reconsideration.”…