By Alessandro Chiarini
Sharing information is a critical part of reducing fraud and safeguarding mobile financial ecosystems. Which is why I will be participating in a panel called “Creating New Secure Ways to Pay and be Paid”. The panel will be moderated by Visa Products VP Allen Cueli and I promise it will be worth your while to attend, if you can.
Among other experts, I will be sharing what I have learned about multi-factor authentication as a way, of wrapping layers of protection around access points and transactions. Granted, no security technology can be 100% hackproof 100% of the time. But properly implemented, three-factor biometric security can get you very, very close.
RIP passwords. Hello multi-factor authentication (MFA).
It is no secret that mobile payments are opening financial institutions to substantial risks, internally as well as externally. Criminal activity now runs the gamut from simple debit and credit card fraud to high tech attacks on customer information and assets. So far, criminals have benefitted by the relatively slow dissemination of information concerning modes of attack and the highly effective means available for defending against them.
Fortunately, Visa is leading the way toward an open exchange of ideas..
The Visa LAC Security Summit 2019 will host senior managers from many industries for two days of meetings with experts on securing mobile banking infrastructure, latest developments in global online fraud, new solutions to the challenge of consumer authentication, and more.
As I often say, the hackers themselves are responsible for the great strides being made in security technology. When they started blasting through two-factor authentication at will, we had no choice but to become as ingenious as they are. And we have succeeded.
True multi-factor security not only safeguards institutions, it creates a superior user experience for customers. I am eager to share all of this with Summit attendees.
See you there, I hope!
Visa Latin America and Caribbean Security Summit 2019, Securing a Connected World
March 13–14, 2019. 7:45 a.m.–6:30 p.m.
SLS Brickell Hotel1300 S Miami Ave
Miami, FL 33130