ECB aims to increase protection of internet payments
New guidelines outline minimum standards for industry
The European Central Bank (ECB) has published a draft set of minimum security recommendations that aim to protect payments made over the internet.
The guidelines list 14 recommendations such as appropriate risk identification and assessment and regularly updated governance. In particular, the guidelines emphasise the need for the identity of the customer to be confirmed using at least two authentication factors, such as passwords and biometrics.
"Strong customer authentication is a procedure
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