Hideez Blog | Identity Management News, Best practices & Tips

The revised Payment Services Directive (PSD2) modernizes EU payment rules to enhance security, consumer protection, and market innovation. It mandates Strong Customer Authentication (SCA) using two or more independent factors to reduce fraud in electronic payments. PSD2 also introduces Open Banking, requiring banks to provide secure API access to customer accounts for licensed third-party providers. The directive’s technical framework relies on standardized APIs and encryption protocols to ensure safe, efficient communication. Consumers gain greater control and transparency over their data, along with rights like immediate refunds for unauthorized transactions. For financial institutions, PSD2 is both a disruption and an opportunity—pushing them to embrace digital transformation or risk being commoditized. While implementation brought challenges, especially around SCA and API development, PSD2 has set the stage for a more connected, secure, and competitive European financial ecosystem.

The Health Insurance Portability and Accountability Act, more commonly known by its abbreviation HIPAA, is a crucial piece of legislation that provides a federal floor and sets a high standard for patient data confidentiality. HIPAA’s role is especially relevant with the increasing intertwinement of digital platforms and healthcare practices

Though cyberattacks are nothing new in the online world, there has been an astounding increase in healthcare cyber security breaches. While healthcare services hold a lot of our valuable personal information, they have surprisingly vulnerable security solutions. On this page, we’ll look at the most significant reasons why cyber attackers target healthcare services, the main risks involved, and how hospitals can enhance their healthcare security solutions.

Since 2014, the National Institute of Standards and Technology has issued guidelines, recommendations, and controls for identity authentication, including optimal password policy practices. The NIST password guidelines cover crucial practices for creating and managing passwords and requirements for the validation of these passwords

The NYDFS Cybersecurity Regulation is a set of regulations from the New York Department of Financial Services. This legislation places cybersecurity requirements on all financial institutions that operate in New York. It stipulates that all DFS-regulated companies should have cybersecurity plans, policies, and maintain detailed reporting systems for cybersecurity events.