Month: July 2019
PSD2: EBA’s Opinion on SCA elements as of June 2019
The new Payment Services Directive – PSD2 is meant to better the current state of the European financial markets, adapt to the technological advancements of recent years, and propose up-to-date, common standards across the EU.
A review of the evolution of multi-factor authentication (MFA)
The evolution of MFA methods changed the face of cybersecurity. Technological developments promise affordable and user-friendly MFA.
EBA approves typing biometrics in SCA of PSD2
The European Banking Authority clarifies on what constitutes a compliant element in each of the three possible categories of multi-factor authentication: inherence, possession, and knowledge. EBA approves typing biometrics as compliant to be used in multi-factor authentication.
Common drawbacks of multi-factor authentication
MFA brings forth strong layers of security, helps companies achieve compliance, and increases flexibility and productivity by removing the burden of passwords.