Consumers love the ease of mobile banking—transactions are quicker and account information is always available right at customers’ fingertips. However, there’s always more that can be done to improve the banking customer experience. We’ve outlined six great ideas, that can be [...]
The U.S. Patent and Trademark Office has issued a patent to Privakey, Inc. for innovations in password free authentication. Â Technologies that simplify authentication and reduce friction are sweeping financial services and other consumer markets today. Patent number 9,813,400 is for digital [...]
There is broad agreement among cyber security experts that the use of shared secrets for authentication presents a very attractive attack vector to cyber criminals. Dark Reading cited a 2013 study conducted by Verizon which stated that weak user credentials are an entry point for hackers in about [...]
Why is getting cash from an ATM easier than logging into an online service? Most websites and online services now require strong passwords, which are hard to remember and cumbersome to manage. ATMs use two-factor authentication. Two-factor authentication (2FA) improves security, and it eases the [...]