14 February 2016

All security news

BBVA increases newly independent fintech venture fund to $250m

BBVA increases newly independent fintech venture fund to $250m

11 February 2016  | 1 comments | 15 tweets | 11 linkedin

BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

Visa issues API to offer consumer control over card transactions

Visa issues API to offer consumer control over card transactions

09 February 2016  | 4 comments | 17 tweets | 28 linkedin

Visa is to provide bank card issuers with an API to enable customers to set spending controls, receive transaction alerts and temporarily suspend their accounts with an on/off feature.

Security experts warn of new breed of bank malware

Security experts warn of new breed of bank malware

09 February 2016  | 0 comments | 9 tweets | 20 linkedin

A Russian hacking group is infecting bank IT systems with malware that lets it hide fraudulent ATM transactions by automatically rolling back the withdrawals so that balances appear unchanged.

US sees repercussions from EMV as criminals switch tactics

US sees repercussions from EMV as criminals switch tactics

02 February 2016  | 0 comments | 21 tweets | 19 linkedin

Incidents of new account fraud in the US doubled last year, as criminals switched tactics in response to the introduction of EMV chip cards.

HSBC customers remain locked out of internet and mobile services for much of Friday after the bank was subjected to a denial of service attack.

EC focuses on monitoring, not regulating, virtual currencies

EC focuses on monitoring, not regulating, virtual currencies

29 January 2016  | 0 comments | 7 tweets | 13 linkedin

The European Commission is examining whether virtual currencies need to be regulated in the wake of last November's terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules.

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