Homepage / Technology / Cyberattacks rely on the consumer and that’s a problem, says anti-fraud fintech firm's CEO
Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More Legal Matters and Netflix VPN Diabolique: Legal Affairs and Deception Ben Shapiro and Eddie Van Halen Discuss Legal Matters Legal Aid and Other Legal Issues Q&A Famous 21st Century Personalities in Dialogue Youthful Blog Post Expert Legal Insights: Top 8 Law Firms in Australia, Quasi Contracts, and More! Youth Slang in Legal Matters Steps to make Your Mother board Room Even more Productive and Meaningful Choosing Data Rooms for Homework The Enigmatic World of Legal Affairs and Contracting The Mystery of Legal Matters Understanding Legal Mandates and Guidelines in the Business World Celebrity Dialogue: Legal Matters and Personal Names Legal Questions: Answered! Mysterious Legal Insights and Tips The Mysterious World of Legal Agreements Legal Lingo: Reviews, Agreements, and More Exploring Legal Education and Responsibilities: A Comprehensive Guide Unconventional Wisdom: A Dialog Between 21st Century Icons Mysterious Legal Matters Unraveled The Legal Maze: Navigating the Legal Landscape Dialogue between Jared Kushner and Vasyl Lomachenko Legal Matters: A Conversation Between Prince and Lionel Messi Get Clued In: The Legal Lowdown for Gen Z Famous People of the 21st Century Talk About Legal Matters The Enigmatic World of Legal Agreements and Terms Are You Breaking the Law? Unusual Legal Questions Answered Understanding Legal Services, Parental Responsibility Laws, and More Understanding Legal Agreements and Requirements

Technology

Cyberattacks rely on the consumer and that’s a problem, says anti-fraud fintech firm's CEO

In March 2016, John Podesta, the former chairman of Democratic candidate Hillary Clinton’s presidential campaign, was fooled into entering his password for his private Gmail account. And last week, ransomware cyberattacks again ravaged the globe, locking down files of major corporations and demanding they pay a ransom to unlock them. According to the CEO of an anti-fraud financial technology (fintech) company, this is because cybersecurity places the onus on consumers to protect themselves – and that’s a problem.

Rodger Desai, the chief executive officer of New York startup Payfone, said that recent cyberattacks rely on individual consumers to operate. “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone interview on Friday. “Whenever consumers are involved – and they’re always involved – people can socially engineer the consumer.”

Desai heads the fintech firm Payfone, which uses automated customer identity authentication technology, to remove the need for using passcodes or security questions.

“There are so many ways in which cyberattacks are getting more sophisticated,” he added. “What we realized when we started the company is that these kind of attacks would grow. For example, if I wanted to reset my password with the bank and I’d forgotten it, they’re going to send my phone a code. That could be someone else.”

Last year, the malicious software “Pegasus” hacked into the phone of a human rights activist in the United Arab Emirates, forcing Apple to issue a critical software update to protect its users.

The startup’s technology verifies users’ SIM cards so that they are able to speak with customer-service representatives without having to enter passcodes or answer security questions.

Payfone’s boss told CNBC that the company’s technology could detect inconsistencies, such as unauthorized users attempting to access a mobile app or service. The company believes this will speed up the verification process for legitimate clients and businesses while preventing hackers and insurance fraudsters from accessing users’ phones.

Desai continued: “I think the key thing is removing the consumer from the security process. Cyberattacks will only escalate because the funding of them has gone from small-time criminals to organized gangs to state sponsorship and until we remove the consumer, they will never end.”

“Petya is a different kind of malware from WannaCry,” said Jonathan Care, fraud expert and research director at Gartner, in a blog post last week. “Common delivery methods are via phishing emails, or scams, however it seems increasingly likely that Petya uses an infected application update from a breached software vendor as its initial infection vector.”

In early June, Desai’s company was announced as the authentication provider for the peer-to-peer mobile payments network Zelle, which is backed by several big banks including Bank of America, Citibank, JPMorgan Chase and Wells Fargo.

Payfone unveiled its authentication technology at the Mobile World Congress, Shanghai, a conference which showcases new mobile technologies and products.

Source: Tech CNBC
Cyberattacks rely on the consumer and that’s a problem, says anti-fraud fintech firm's CEO

Comments are closed.