Smart devices, mobile phones and tablets are becoming the control hub for the myriad of connected devices and the Internet of Things (IoT) – as are bring-your-own-device (BYOD) policies in many organizations today. But this is creating unique and heightened security risks for IT professionals, such as higher exposure to data breaches, malware and compliance violations. BYOD is no longer an industry trend; it’s a fact of life for enterprise-wide operations and the IT organizations that must support them.
PSD2 has and will continue to profoundly impact the banking ecosystem. As the world moves towards Open Banking standards that facilitate broader financial data sharing, PSD2 principles can help develop more robust, compelling products and services — and shift the focus from ensuring compliance to creating a competitive advantage.
In this white paper, we explain how PSD2 is shaping Open Banking standards around the globe — and provide a complete guide on how to:
- Decode names and acronyms
- Understand what's at stake
- Use Strong Customer Authentication (SCA)
- Monitor transactions for fraud and malware
- Evaluate transactional risks
- Link authentication codes to transactions
- Safeguard customer data
- Protect systems against breached credentials
