Focus Area: PSD2 - Payment Services Directive

What is PSD2 - Payment Services Directive

The European Commission´s revision of the Payment Services Directive (PSD2), is aiming at a transparent financial service market in Europe, driven by competition and innovation. PSD2 will cause disruptive change. Financial Services value chains will be opened for new players, innovative new business models and services driven by the connected customer´s needs.

Some of these PSD2 requirements, like for example a mandatory Strong Customer Authentication for all transactions with a value of 10€ or more, seem to harm user experience beyond a reasonable level and even well established frictionless payment processes like 1-click orders or credit card payment might become incompliant by 2019, if the current draft technical specification of PSD2 (Regulatory Technical Specification - RTS) released by the European Banking Association (EBA) remains unchanged.
Recommended reading: Blog - Revision of the Payment Services Directive (PSD2)

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PSD2 - Payment Services Directive

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Account Takeovers on the Rise

Account Takeover (ATO) attacks are on the rise. The 2019 Forter Fraud Attack Index shows a 45% increase in this type of attack on consumer identities in 2018. ATOs are just what they sound like: cybercriminals gain access to accounts through various illegal means and use these take over accounts to perpetrate fraud. How do they get access to accounts? There are many technical methods that bad actors can use, such as consumers responding to phishing emails; grafting through fake websites; collection of credentials from keyloggers, rootkits, or botnets; harvesting cookie...

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Whitepaper: Identitäten richtig handhaben - damit Ihre digitale Geschäftsstrategie erfolgreich wird - 80297

Registrierung und Authentifizierung sind die ersten Schritte, die erfolgen, wenn ein Nutzer Kunde digitaler Dienstleistungen werden möchte. Funktionieren diese Schritte nicht wie vom Nutzer erwartet, leidet die Akzeptanz solcher Dienste und damit ist der Erfolg digitaler Geschäftsstrategien in Gefahr. Identitäts-API-Plattformen helfen beim Aufbau von standardisierten Lösungsansätzen für die Bereitstellung von vereinheitlichten Identitätsdiensten für Unternehmen. Solche Plattformen sind unerlässlich für den Erfolg im digitalen Zeitalter.

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It’s Time to Forget Your Password and Settle for Multi-Factor Authentication

The majority of security breaches and attacks can be traced back to stolen and compromised passwords. Mobile devices are often particularly vulnerable because many users tend to avoid long passwords and special characters.

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Blockchain Enterprise Days 2019

Blockchain is still on everyone’s lips and the 2019 can be the year when large enterprises finally embrace the distributed ledger technology. KuppingerCole's inaugural blockchain-themed event will go beyond the hype and will present you real use cases and applications for your enterprise. Blockchain Enterprise Days (#BeDays19) will take place on September 18-19, 2019 in Frankfurt, Germany.

Latest News From PSD2 - Payment Services Directive

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Cyber Access Summit 2019

Willkommen zum Cyber Access Summit (CAS) 2019! Gestalten Sie die Zukunft der digitalen Transformation und diskutieren Sie mit Kollegen und Branchenexperten. Das Programm des deutschsprachigen Cyber Access Summit 2019 nimmt aktuelle Themen und Trends im Bereich des Identity und Access…

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Consumer Identity World EU 2019

At the Consumer Identity World you learn how to balance the user experience, privacy, and security of your connected customer and how to enhance the customers' journey by leveraging Artificial Intelligence (AI) and Machine Learning (ML) to provide a superior and customized experience.

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CyberNext Summit 2019

Cybersecurity is shifting toward more distributed and dynamic models. Decentralized security infrastructure brings its challenges and opportunities. CyberNext Summit (#CNS19) summit will focus on the capabilities needed to achieve security in such a distributed environment, especially in the…

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Consumer Identity World USA 2019

At the Consumer Identity World you learn how to balance the user experience, privacy, and security of your connected customer and how to enhance the customers' journey by leveraging Artificial Intelligence (AI) and Machine Learning (ML) to provide a superior and customized experience.

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Blockchain Enterprise Days 2019

Blockchain is still on everyone’s lips and the 2019 can be the year when large enterprises finally embrace the distributed ledger technology. KuppingerCole's inaugural blockchain-themed event will go beyond the hype and will present you real use cases and applications for your enterprise.…

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Digital Finance World 2019

Welcome to the new world of Digital Finance: DFW - Digital Finance World, Frankfurt, September 18 – 19, 2019 - is the place for finance innovators from traditional players to meet with Fintechs and Start-ups to shape the Future. Here you can interact with a targeted and engaged financial…

Whitepaper

Whitepaper: Identitäten richtig handhaben - damit Ihre digitale Geschäftsstrategie erfolgreich wird - 80297

Registrierung und Authentifizierung sind die ersten Schritte, die erfolgen, wenn ein Nutzer Kunde digitaler Dienstleistungen werden möchte. Funktionieren diese Schritte nicht wie vom Nutzer erwartet, leidet die Akzeptanz solcher Dienste und damit ist der Erfolg digitaler…

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Don’t Blame the Cloud for Capital One’s Troubles

After the recent Capital One breach, some commentators have suggested that cloud security is fundamentally flawed. Like many organizations today, Capital One uses Amazon Web Services (AWS) to store data, and it was this that was targeted and successfully stolen. In the case of Capital One…

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EU EBA Clarifies SCA and Implementation Exceptions

The EU European Banking Authority issued clarifications about what constitutes Strong Customer Authentication (SCA) back in late June. The definition states that two or more of the following categories are required: inherence, knowledge, and possession. These are often interpreted as…

Blog

Account Takeovers on the Rise

Account Takeover (ATO) attacks are on the rise. The 2019 Forter Fraud Attack Index shows a 45% increase in this type of attack on consumer identities in 2018. ATOs are just what they sound like: cybercriminals gain access to accounts through various illegal means and use…

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Blog

Don’t Blame the Cloud for Capital One’s Troubles

After the recent Capital One breach, some commentators have suggested that cloud security is fundamentally flawed. Like many organizations today, Capital One uses Amazon Web Services (AWS) to store data, and it was this that was targeted and successfully stolen. In the case of Capital One it was process, not technology, that failed. The company failed on three points to secure its data properly using the extended tool sets that AWS provides. It relied only on the default encryption settings in [...]

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