In response to the recent newsabout on the discovery of the WPA2 Krack attack wi-fi vulnerability, which can insert decrypt key into secure wi-fi nets to steal data such as consumer banking & finance data, NuData offers commentary on data security issues.
Lisa Baergen, APR, MCC, Marketing Director, NuData Security Inc., A Mastercard Company says: “The security industry will chase vulnerabilities for the foreseeable future, and bad actors will continue to find and exploit new ones. In the short term, consumers must vigilantly manage their router patches and settings, and organizations must tune their defenses. Ultimately, the only way to break this otherwise endless cycle is for organizations to fundamentally de-value stolen consumer data by stripping it of its usability. The best way to do this is through broad adoption of multi-layered solutions including behavioral biometric authentication. This approach means that users are authenticated based on their online behaviors, which makes them tremendously resistant to impersonation – so the usability of the data behind the authentication process is nulled, and the organizations and institutions adopting this approach won't be defrauded. Moreover, it allows banks, merchants, and other adopting organizations to improve the experience and potential loyalty of their trusted good customers… an added advantage beyond thwarting fraudsters.”