GlobalPlatform adds biometric security APIs

GlobalPlatform secures biometric authentication and enriches trusted user interaction — GlobalPlatform — “These new APIs enable trusted applications to leverage the device’s biometric sensors, while staying fully isolated from the device OS… Service providers and application developers now have a direct path to provide users with a richer and safer authentication experience and, importantly, to offer trusted biometric authentication that is secured in the hardware of the device’s Trusted Execution Environment (TEE).”


Emirates NBD rolls out blockchain security platform that adds QR codes to physical cheques

Emirates NBD leads banking sector in cheque security by successfully rolling out ‘Cheque Chain’ at scale — Emirates NBD — “Cheque Chain enables a unique QR (Quick Response) code to be printed on every leaf of newly issued cheque books. The unique code registers each cheque on the bank’s blockchain platform, ensuring that once the cheque is received and cleared under the bank’s ICCS technology, bank staff can validate the cheque’s authenticity and have access to its source at all times. In doing so, this significantly reduces the risk of fraud by making cheque forgery much more difficult.”


Bitcoin owners turn to NFC implants to keep their cryptocurrency safe

Bitcoin under the skin – Why people are using subdermal microchip wallets — CCN — “Dutchman Martijn Wismeijer is very cautious when it comes to storing Bitcoin so much so that in 2014, he had two NFC (near field communication) chips surgically implanted into each hand to store his encrypted Bitcoin keys. Wismeijer stated a number of reasons for the drastic method of storing crypto, saying he had lost the majority of his Bitcoin over the years to exchange failure, hacking, and theft… Wismeijer says he uses his chips every day to make purchases — the process involves scanning the chips with his smartphone to receive and then decrypt the keys in order to make a transaction.”


Central bank fines Alipay for breaching data protection regulations

Alipay is stepping up data protection after PBOC fine — Yicai Global — “Alipay, the fintech platform run by Ant Financial Services Group, is looking to improve its data collection processes after China’s central bank fined it for breaching data protection regulations… Alipay published misleading video campaigns and its collection of personal financial information failed to meet minimum security requirements, the regulator said, adding that the firm also used data inappropriately.”


Researchers show how invisible backdoors can be hidden in chips during manufacture

Adding backdoors at the chip level — Schneier on Security — “In this paper we propose an extremely stealthy approach for implementing hardware Trojans below the gate level… we insert our hardware Trojans by changing the dopant polarity of existing transistors. Since the modified circuit appears legitimate on all wiring layers (including all metal and polysilicon), our family of Trojans is resistant to most detection techniques.”



NXP puts eSIM, secure element and NFC on a single chip

NXP ushers in new era of eSIM-enabled devices for 5G and IoT with industry’s first single NFC and secure element monolithic chip — NXP — PARTNER NEWS — “The new NXP SN100U is the world’s first single-die chipset featuring an embedded secure element (SE), near field communications (NFC), and eSIM for added advanced functionality, cellular connectivity, and security. The company also introduced the SU070 standalone eSIM solution, which offers the industry’s smallest footprint and is ideal for smartphones, tablets, laptops, and other IoT devices that require cellular connectivity with low power consumption.”


Samsung includes multi-biometric support in Galaxy S9 and S9+

Built for the way we communicate today: Samsung Galaxy S9 and S9+ — Samsung — “The Galaxy S9 and S9+ support three different biometric authentication options — iris, fingerprint, and facial recognition — so users can choose the way they want to protect their device and applications. The devices feature Intelligent Scan, a new verification that intelligently uses the collective strength of iris scanning and facial recognition technology to quickly and conveniently unlock a user’s phone in various situations. The Galaxy S9 and S9+ also introduce Dedicated Fingerprint, giving users the option to use a different fingerprint to access Secure Folder than the one used to unlock the phone.”




Consumers call for biometric logins to financial services apps

IBM Future of Identity study: Millennials poised to disrupt authentication landscape — IBM — “Security was vastly ranked as the top priority for banking, investing, and budgeting apps — for these categories on average 70% selected security as the top priority, with 16% selecting privacy, and 14% selecting convenience… 44% ranked fingerprint biometrics as one of the most secure methods of authentication; passwords and PINs were seen as less secure (27% and 12% respectively).”


Radius Bank lets customers add location-based transaction restrictions

Radius Bank launches innovative card control app to give customers greater financial peace of mind — Radius Bank — “The Radius Card app provides a number of money management benefits, including: On/off switch allows customers to quickly turn off their debit card should it become misplaced and back on again once it has been recovered; Location-based restrictions prevent transactions outside a specific area determined by the user; Real-time alerts whenever the card is used or when a transaction has been attempted and declined; Spending caps and activity limits to help users budget expenses better.”



Apple details Apple Pay Cash in updated iOS Security guide

iOS Security — Apple — “When you set up Apple Pay Cash, the same information as when you add a credit or debit card may be shared with our partner bank Green Dot Bank and with Apple Payments Inc, a wholly owned subsidiary created to protect your privacy by storing and processing information separately from the rest of Apple and in a way that the rest of Apple doesn’t know.”


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