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Share to Twitter Share to Linkedin Justin Dolly is the Chief Security Officer for Sauce Labs , the leading provider of testing solutions that deliver digital confidence. Consider this scenario: Sales and marketing are yelling at engineering to deliver the features they promised to a customer. Product is pressuring the team to hit a release date that is quickly approaching. Engineering is rushing to hit a deadline and only then does someone suggest a security analysis. What happens? There will be some bugs in the code. Sound familiar? Balancing Customer Experience And Security Working with complex code, it is highly likely that there is a large amount of potentially vulnerable code in the wild that can affect security. If that code is already partially flawed, is it likely to lead to a perfect customer experience? One of the prevailing ideas is that this can all be fixed in production; it can, but what happens when a user encounters … [Read more...] about When Your Business Ships Bad Code, Users Lose Faith In Security

Customers will have to enter the details afresh for each transaction from July 1 Starting July 1, payment aggregators and gateways and merchants onboarded by them will not be allowed to store credit and debit card data of customers on their platforms, as directed by the Reserve Bank of India. With a little over a month left, merchants are worried that an alternative system may not be ready in time. Payment aggregators, payment gateways and merchants can store card credentials of customers in their databases only until June 30, a deadline that has already been extended twice, most recently by six months on December 23. In the absence of an alternative mechanism, customers using their credit or debit cards from July 1 will have to enter the details afresh for each transaction, including the 16-digit card number, expiry date and card verification value (CVV). Payment companies and card networks Visa, Mastercard and RuPay are working to implement the alternative – Card on File … [Read more...] about Payment disruption fears linger as deadline nears for merchants to delete customer card data

RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) Governor Shaktikanta Das on May 17 and May 18 met heads of state-run and private banks to take a stock of credit growth and asset quality in the banking system in the wake of recent geopolitical developments, the central bank said. “In his introductory remarks, the Governor noted the key role played by the banks in supporting the economy throughout the pandemic,” the central bank said in a release on Wednesday. Das further stated that the banking sector has remained resilient and has continued to improve despite facing various headwinds. He also advised banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively including raising capital for ensuring that the potential impact on their balance sheets is minimised. Governor Das also urged banks to pay specific attention to further improving their grievance redress systems and continue to provide the necessary support … [Read more...] about RBI Governor meets bank chiefs to discuss credit growth, asset quality