CYBERSECURITY
impact on financial transaction security by adopting post-quantum cryptography standards to ensure resilience against quantum-based attacks.”
The timeline for quantum preparedness is already accelerating.
Raluca notes that“ financial institutions should invest in education and awareness programmes to comprehend the implications of quantum computing,” adding that“ banks and fintech firms are now testing and integrating quantumresistant algorithms”.
This early adoption provides crucial protection against“ harvest now, decrypt later” attacks, where data captured today could be decrypted once quantum computing matures.
Balancing authentication with user experience Parallel to these emerging threats, payment processors face immediate challenges in meeting regulatory requirements for strong customer authentication without compromising user experience – particularly in mobile banking applications.
Ed describes how biometric technologies are bridging this gap:“ Leveraging biometric authentication, including fingerprint and facial recognition, provides frictionless yet highly secure logins, while risk-based authentication enables us to assess transaction risk in real-time.”
This contextual approach allows security measures to adjust based on transaction risk profiles. Despite the pressure to maintain seamless experiences, security always comes first for Raluca –“ especially in finance,” she says,“ because the cost of a breach is far worse than a few extra seconds at login.”
However, she challenges the traditional security-convenience dichotomy:“ The idea that it has to slow down the user experience is outdated.”
Modern authentication approaches demonstrate this evolution in thinking. Juan describes how Yuno implements intelligent security:“ With 3D Secure, issuers can dynamically assess the risk of each transaction in real-time.
“ This allows low-risk transactions to proceed without additional
116 May 2025