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Security Woes Can’t Change Overnight, but Technology Is

The Weekly Cypher is specially curated to keep you up-to-date on the latest in cybersecurity, biometrics, and related news and innovations. Here are a few of the headlines you might have missed this week:

Can Blockchain Stop Data Breaches? | Bank Info Security

Blockchain public-ledger technology could be a better way to protect private information through storing and analyzing transaction records. Beyond that, it could put consumers in control of their own data is used properly, through a strategy like self-sovereign identity. However, these efforts can’t be put in place overnight, and supporting technologies will play a key role in their success. [Read More]

Uber 2FA Bypassed by Hackers | HackRead

The Uber application has a critical two-factor authentication flaw that allows hackers to bypass it and access targeted accounts, an Indian security researcher recently report. Trouble is, the firm has no plans to fix the problem. Uber responded to the report saying that it was useful information but doesn’t “warrant an immediate action or fix.” According to the report, the bug could allow bad actors to change usernames and passwords, or even book rides. [Read More]

Mastercard Requires EU Issuers to Provide Biometric Authentication | PYMNTS

Mastercard recently revealed that it will enable biometric authentication for consumer shopping. The new system will use the customer’s mobile device to verify their identity with fingerprint, face, or iris recognition when shopping online. The firm set a Spring 2019 deadline for issuers to deploy the solution across the EU. Currently, it’s available in 37 countries. [Read More]

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