European Union

EU Launches Antitrust Investigation into Qualcomm’s Chip Sales Tactics

EU Launches Antitrust Investigation into Qualcomm’s Chip Sales Tactics

Qualcomm is facing an antitrust investigation into its aggressive sales tactics in the European market. The investigation stems from the release of a new radio frequency front-end chip, which is designed to be paired with a 5G modem chip in 5G smartphones. Qualcomm has already signed radio frequency contracts with major tech corporations like Samsung,…

New Survey Finds Most Consumers are Unaware of PSD2 Regulations

New Survey Finds Most Consumers are Unaware of PSD2 Regulations

The e-commerce specialist Riskified has released the results of a new survey that suggests that Europe’s online retailers should be more worried about lost revenue in the wake of Europe’s incoming PSD2 regulations.  Specifically, Riskified found that while the vast majority (88 percent) of retailers believe that most consumers are at least somewhat aware of…

BehavioSec Platform Gets Upgrade in Time for PSD2

BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…

Report: PSD2 Requirements Will Drive Support for Biometric Authentication

Report: PSD2 Requirements Will Drive Support for Biometric Authentication

The final deadline for compliance with the European Union’s revised Payment Services Directive (PSD2) is coming up in September of 2019. However, a new report from the Aite Group and iovation suggests that most payment services providers are not prepared. And those that do comply are expected to turn to some form of biometric authentication.…

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales and Gemalto have cleared another two hurdles in their race to get approval for their proposed merger: The companies have announced that they have received clearances from the Australian Competition and Consumer Commission and Mexico’s Comisión Federal de Competencia Económica. The news comes only a week after the companies’ announcement that they had attained clearance from…

Thales-Gemalto Merger Gets NZ Approval

Thales-Gemalto Merger Gets NZ Approval

Thales and Gemalto have attained another clearance for their proposed merger, this time from the New Zealand Commerce Commission. The approval comes hot on the heels of one from the European Commission announced earlier this week. As in that case, Thales and Gemalto noted in a statement that the clearance has arrived “following Thales’s commitment to…

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”. Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back…

Gemalto Opens New Data Centers in EU as Part of Global Cloud Expansion

Gemalto Opens New Data Centers in EU as Part of Global Cloud Expansion

“As much as the new European data centers are a response to demand in the wake of GDPR, Gemalto asserted in its statement that they are also part of a global expansion, with the company planning to open additional data centers in North America before the end of the year” Gemalto has launched new data…

How Behavioral Biometrics Enable PSD2 Compliance

How Behavioral Biometrics Enable PSD2 Compliance

BehavioSec is highlighting its technology’s compliance with Payment Services Directive 2 (PSD2), the European Union’s major regulation for payment services and transactions. In a new post on its website, BehavioSec points out the PSD2 now requires ‘Strong Customer Authentication‘ (SCA), which it defines as the use of two of three authentication factors – something the…

Timehop Data Breach Yields Valuable Lessons: FIDO

Timehop Data Breach Yields Valuable Lessons: FIDO

Earlier this month, the company behind Timehop, a social media ‘time capsule’ app that shows users their older posts, revealed that it had suffered a data breach affecting 21 million users. And while the attack was not particularly exceptional as far as data breaches go, it nevertheless offers some food for thought, as FIDO Alliance…

PSD2 Will Give Rise to Biometric Payments, says Mastercard

PSD2 Will Give Rise to Biometric Payments, says Mastercard

Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…