Is PCI about to usher in the Age of PoM?

By | Featured Post, Guest blog, Insights Directory Report, Security

The security of digital payments is of key importance to the continued growth of the sector, and the mobile ecosystem. David Poole, Global Head of Mobile POS Solutions at MYPINPAD here explains the latest developments in the standardisation of payment security and why they may represent a seismic shift in the industry.

Troy Leach, the Chief Technology Officer at the Payment Card Industry Security Standards Council (PCI SSC) recently announced the creation of a new, major, payment standard, designed to enable the secure entry of PIN in to merchants’ smartphones and tablets.

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Industry views: GDPR, are we ready?

By | Europe, Featured Post, Privacy, Regulation, Security

The EU’s general data protection regulation (GDPR), is just under one year away and expands the rights of EU citizens around privacy and protection of personal data.

Among other things, it requires that companies maintain adequate data records, disclose data breaches and increase opt-out options. Heavy fines are on the table for companies that do not comply.

We asked MEF members and experts the wider mobile, legal and data industries to give us their thoughts on GDPR readiness, the implications for consumer privacy and whether or not they view the forthcoming legislation as an opportunity. Here’s what they said…

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SS7 Vulnerability underlines need for new financial-telco collaboration

By | Featured Post, Mobile Money, Opinion, Security

Recent hacking attacks have brought the vulnerabilities of global telephony protocols to the fore. Stephane Groud, Product Director at MEF Member Myriad Connect discusses an apparent spike in cybercrime, and what banks and networks need to do to counter it.

The security world is looking at vulnerabilities in Signaling System 7 (SS7), with financial institutions and telcos alike expressing concern that mobile banking is increasingly vulnerable to hackers and fraudsters.

Read More’s Julian Ranger – why The Internet Of Me will change the world

By | Executive Interview, Personal Data Ecocnomy, Security

Imagine a world where rich customer data is available to business – with complete privacy to the individual. Julian Ranger says his company,, can make this happen. And it’s game changing, he explained to MEF Minute…

Julian Ranger has the cards out again. He is talking about his start-up by dealing, cutting and turning over 52 playing cards.

It’s an unusual way for a tech entrepreneur to pitch his business idea. But Ranger is not a regular tech entrepreneur. Sure, he has impeccable geek credentials. But he’s also a showman. And he’s hit on a novel way of explaining the concept behind his current venture,

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Distraction and denial – a lesson for cyber-security

By | Featured Post, Guest blog, Security

Andrew Bud, CEO of facial recognition startup iProov, draws striking parallels between a paradigm shift presently underway for the biometric cyber security community and an historic tragedy discovered on a trip to Italy.

High up in the Italian Dolomites, between the fine Baroque town of of Belluno and the chic resort of Cortina d’Ampezzo lies the incongruously anonymous and modern town of Longarone. In it, the tourist signposts all point to something called the Vajont Dam.

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The Internet is on fire: trust, privacy and mobile security in Europe

By | Featured Post, Privacy, Security, Video

Last week in Berlin MEF hosted the first meet-up in a new Consumer Trust series designed to bring together members and guests to discuss the burning issues companies must grapple with when it comes to privacy and security in the mobile ecosystem.

The evening was kindly hosted by Deutsche Telekom at their innovation space hub:raum and speakers included Samu Konttinen of F-Secure, Graham Thomas and Andreas Sommerwerk from Deutsche Telekom, Elena Turtureanu from Smaato and Michael Franzkowiak of Contiamo.

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Biometric data: the next step in consumer authentication

By | Security

The way in which consumers verify their identity online is rapidly changing, a development being driven forward by biometric data. Carlos Häuser, MD at MEF Member Wirecard Technologies explains.
Consumers should probably not be too surprised if they soon find themselves being addressed as follows: “Dear customer, please turn on your webcam and have your ID at the ready. We will shortly conduct a brief ID check”. This kind of procedure may, for example, be introduced for opening an online account in order to verify a customer’s identity, thereby making the personal signature a thing of the past.

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Tech focus: mobile and biometric authentication

By | Featured Post, Privacy, Security, Tech Focus

Heartbeat, iris, face, vein…every one is a potential identifier of you. So can biometric authentication rescue us from the hell of remembering passwords?
Passwords and PINs are a nightmare. Criminals can phish for them or use ‘brute force’ attacks to try millions of combinations in split seconds until they find the right one. Meanwhile, consumers are encouraged to use passwords composed of long strings of digits, which they inevitably forget.
According to a study from Cyber Streetwise, the average British consumer needs to recall 19 passwords to access all his or her logins for email, social networks, e-commerce and banking. It’s ridiculous. And it’s why so many people choose just one password and make it something memorable. Like ‘password’. Clearly, passwords are not the best solution for digital activity.

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Building the sustainable business of consumer trust

By | Privacy, Regulation, Security
MEF’s fourth Annual Consumer Trust Summit was recently held in in New York, where mobile privacy experts, MEF members and guests met to discuss the business critical issue of consumer trust and privacy. MEF CEO Rimma Perelmuter opened the event, and here offers a call to action for the industry to address the growing need to build trust & empower mobile consumers via the next phase in MEF’s Consumer Trust initiative....
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