The Weekly Cypher is specially curated to keep you up-to-date on the latest in cybersecurity, biometrics, and related news and innovations. This week’s topics are:
Mexican Banks Launch Fingerprint Authentication Efforts | Biometric Update
The Mexican National Banking and Security Commission launched a new effort to curb identity theft which requires banks to use fingerprint authentication for all customers. This security strategy will compare customers’ biometrics to a national database to verify identity before opening accounts, requesting credit cards or loans, and other services. All banking institutions in Mexico will be required to install fingerprint readers over the next 12 months for compliance with this new initiative. [Read More]
Under-Display Fingerprint Sensors In High Demand | TechRadar
As rumors of the iPhone 8’s lack of a fingerprint sensors continue and consumers express dislike for the Samsung Galaxy S8’s sensor location, it has become clear that under-display sensors will be a necessity for 2018’s flagship smartphones. Some experts believe the technology will be ready for prime time within the next 12 months and is likely to appear in the Galaxy S9, LG G7 and other Android devices – though they also still hold out hope that it will make an appearance in the iPhone 8 as well. [Read More]
‘Smile to Pay’ Makes Appearance in Chinese KFCs | TechCrunch
Alibaba has introduced facial recognition in Kentucky Fried Chicken locations in China in a pilot program to allow customers to pay for their meals with biometrics. The firm is a major investor in Yum China, which operates the KFC brand in China, as well as Pizza Hut and Taco Bell. The cashless, cardless payment system is well ahead of similar efforts in the United States, where only a selection of businesses accept Apple Pay and similar mobile payment solutions, as it doesn’t require a smartphone. [Read More]
New York’s New Cybersecurity Rules Frustrating Bankers | American Banker
New policies requiring banks in New York to have cybersecurity policies in place, including penetration testing, multi factor authentication, training, audit trails, and more, have begun to go into effect, but not all bank IT managers are pleased. Though the rules are important improvements to cybersecurity, some feel the deadlines are coming too quickly to allow them to properly prepare, while others say they are struggling with the third-party assessment portions of the rules. [Read More]
Implementing Identity and Access Management | eWeek
Identity and access management (IAM) is a key part of advanced cybersecurity practice for enterprises large and small, but implementing a successful IAM strategy is easier said than done. From understanding that “security is a journey, not a destination” to acknowledging what the real threats to your company’s security are, eWeek offers a guide to starting off right when it comes to IAM. Of course, as eWeek itself points out, in six months your strategy might be outdated again, but it’s still a place to start. [Read More]
