Security and Privacy Issues Must Be Addressed by Mastercard

Security and Privacy Issues Must Be Addressed by Mastercard

Alvaro Hoyos

Chief Information Security Officer at OneLogin

Views 850

Security and Privacy Issues Must Be Addressed by Mastercard

20.04.2017 01:15 pm

Whilst convenient, very few people realise the potential flaws behind the use of biometric fingerprint scanning technology. Fingerprint readers can easily become compromised by the likes of dirt or due to the nature of fingerprints themselves, which can become altered through blisters, cuts or burns. All of which can be a hindrance for organisations and customers looking to include the authentication method as a single form of authentication. Rather, biometric methods should be used as an additional layer of authentication while making a credit card payment.

Fingerprint biometric scanners could also lead to the debate of privacy vs. civil rights and liberties issues. People need assurances that their fingerprint will only be used for legitimate purposes. The biometric data must only be used for the intended purpose and there must be sufficient legal protections to enforce this.

Latest blogs

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source: https://www.pexels.com/photo/person-shopping-online-3944405/   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Amir Ghodrati App Annie

The Role of Fintech Apps in Navigating This Period of Financial Insecurity

Economic instability has been ricocheting throughout the stock market in the wake of the global coronavirus pandemic. Its effects have been felt across all industries, with winners and losers’ across different sectors. So, how has fintech Read more »

n/a n/a

How to Choose a VPN for Digital Privacy & Security

In a world where almost everything is connected, and where hackers and other malicious people are roaming the internet, it is always advisable that you take every precaution that you can to enhance your data security and privacy protections. Using a Read more »

Ben Slater Instaclustr

The Case for Adopting Open Source – Own Rather Than Rent the Foundations of Your Business

For some time open source was seen as something that only the biggest companies could use and play with. But with the modern, increasingly fast business environment, the use cases for open source are in everything and the technology is increasingly Read more »

Related Blogs

n/a n/a

How to Choose a VPN for Digital Privacy & Security

In a world where almost everything is connected, and where hackers and other malicious people are roaming the internet, it is always advisable that you take every precaution that you can to enhance your data security and privacy protections. Using a Read more »

Colin Neil Adyen UK

P2PE – Silver Bullet or Snake Oil?

Fraud is an ever-present problem for merchants, especially with the increasing number of payment providers, start-up challenger banks, and online shopping sites providing different levels of fraud protection. To ensure the best customer and business Read more »

Sandra Higgins Sysnet Global Solutions

Are You ‘Prescribing’ the Right Security Solution to Your Merchants?

When it comes to leading a healthy lifestyle, eating the right food, taking regular exercise, and maintaining a positive mindset are key. However, despite these best intentions and practices, you still might not get all the nutrients your body needs Read more »

Sunil Jhamb WL Payments

Staying in control of digital payments

For the CIOs and CTOs of banks and PSPs, fraud and security are never very far from their minds. Protecting both their own organisations and their merchants from the threat of cybercrime is a truly business-critical challenge – and one in which the Read more »

Gabriel Leperlier Verizon Enterprise Solutions

Why is Payment Security Compliance Declining with only 1 in 3 Companies Globally Making the Grade?

When companies are attacked, personal and financial customer information from payment card data is often the target. The Payment Card Industry Data Security Standard (PCI DSS) was designed to help protect payment data from the point of purchase and Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel