Cryptomathic Blog

This article sheds light on the intersection of legal and technical aspects when hosting data on AWS as a European company.

This article discusses using Cryptomathic’s BYOK and key management service for securely managing cryptographic keys used in AWS applications.

As certain industries are moving ahead with digital transformation projects, online signing processes are a step forward in optimizing business practices.

In the “four corner model”, acquirers are apparently the less active party as their role seems ‘only’ to forward the transaction flow originating from the merchant to and from the issuer. In the model, the acquirer is the merchant’s bank.

Mortgage fraud is a serious crime. Once executed and signed, a mortgage deed is a legally binding contract. The responsibility of trying to prove that signatures have been forged relies on the individual(s) having to prove it. It involves time and cost and, in many circumstances, requires evidence based on expert opinion.

Going forward, it is imperative for existing banks to develop a strategy for sustaining their current operations and expanding in a digitized, cyber-secured full-service model.

For over two years, the Schrems II decision from the European Court of Justice has caused tremors in IT departments across EU countries, such as Denmark. This has raised serious questions about the legality of using American cloud giants.

For trustworthy remote identity verification, a proof of the authenticity of the identity card and of the integrity of its contents is needed, along with reliable binding between the ID card and the identifying individual. Verification of biometric markers in a remote video identification procedure has long been undermined by deep fake technology. The recent hack of the Video-Ident procedure presents a more scalable attack and has further destroyed trust in online identity verification. A solution to this problem lies in the utilization of the NFC chip that is built into a growing number of national identity cards.

Merchants are one of the corners of the ‘four corner’ model in the payment world. In what follows, we will explain some of the security mechanisms for Merchants to prevent unauthorized transactions and payment card fraud.