Privacy

174 articles tagged with this keyword

/crime

Why Fraud Solutions Now Require the Power of a Consortium

Joining the Sibos 2025 FinextraTV Studio, Mauriceo Castanheiro, Head of International Payments Fraud, Nasdaq Verafin, helped to share the true scope of modern fraud concerns. As frauds and scam become smarter and less detectable, Castanheiro explains how it cannot be solved at an individual level anymore and instead requires the power of a dedicated consortium of professionals.

/crime

Consumers increasingly concerned about AI scams

A vast majority of consumers are concerned that increasingly sophisticated AI will be used for financial scams and a similar number expect their banks to use the same technology to protect them, according to recently published research

/regulation

ShapeShift integrates Zcash in onchain privacy move

The community-led multichain DEX aggregator, ShapeShift announces the integration of Zcash, bringing shielded transactions directly into the ShapeShift self-custodial wallet ecosystem and making it one of the first decentralized exchanges to offer true privacy onchain for its users.

/crime

Ex-CIA analyst joins Aleo Network Foundation as policy chief

The Aleo Network Foundation, the non-profit corporation that oversees the health of the Aleo Network, a privacy and compliance infrastructure that powers secure, programmable, worldwide payments, today announced the appointment of Yaya J. Fanusie as Global Head of Policy.

/ai

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

/security

Cybersecurity concerns on the rise for consumers

A majority of consumers believe it is harder to secure their information on digital platforms than their physical homes, according to recently published research.

/crime

Partisia and Squareroot8 launch 'quantum-safe' collaboration

Partisia (DK), a global leader in cryptographic software, and Squareroot8 (SG), a quantum-safe hardware innovator, has announced the launch of FracQtion – a jointly developed product designed to protect the financial sector, alongside other high-trust industries such as telecoms, from the imminent risks posed by quantum computing.

/crypto

ECB turns to AI startup for fraud detection for digital euro

The European Central Bank (ECB) has selected Portugal-based startup Feedzai to provide fraud detection and prevention for its digital euro.

/Sibos

EPAA calls for industry-wide preparation for quantum threats in new report

The Emerging Payments Association of Asia (EPAA) has released a report on how quantum computing will exacerbate the payments fraud landscape, and what financial institutions need to be doing to prepare before quantum slips into the mainstream.

/ai

The Importance of AI with Privacy at Its Core

Taking time out from Mastercard's RiskX event in Rome, Caroline Louveaux, Chief Privacy, AI & Data Responsibility Officer at Mastercard, joined the FinextraTV studio to talk about how to embed privacy into design solutions. Beyond this, Louveaux spoke to the use of synthetic data and called for more proactive governance, instead of reactive compliance.

/ai

Navigating the Crucial Differences Between Public and Private AI

Helping to chart the evolution of AI across the years, from automated systems like algorithmic trading to more modern generative and agentic versions today, John Trapani, Industry Leader, Financial Services, Appian, recently joined the FinextraTV studio. Reflecting on this history, Trapani questions how important it is for organisations to understand the regulatory and privacy differences between public and private, as well as asserting his belief that we are still in a phase of needing to babysit the AI systems.

/identity

OneSpan acquires Fido passwordless software authentication solution provider Nok Nok Labs

OneSpan Inc. today announced the acquisition of Nok Nok Labs Inc., a leading provider of FIDO passwordless software authentication solutions. By joining forces with Nok Nok, OneSpan is driving the industry towards a more secure future, enabling customers to adopt a wide range of flexible, future-proof authentication options.

/ai

87% encountered AI-driven cyberattacks in 2024 - SoSafe

SoSafe’s report explores the global tension between AI adoption and the associated security risks, highlighting the views of 500 global security professionals and 100 SoSafe customers across 10 countries.

/identity

Are passkeys the future of payment authentication?

As the internet has developed, many of us have become reliant on a varying amount of passwords but our dependence on passwords has given way to just as many security risks. As such, the industry is beginning to turn to passkeys as a new promise of security and ease.

/security

Irish data privacy firm Dataships closes $7 million Series A

Dataships, an Irish data privacy software and services company which specialises in automating GDPR and CCPA (California Consumer Privacy Act) compliance for eCommerce clients, today announced that it has closed a $7 million (€6.8 million) Series A funding round.

/Sibos

Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

/Sibos

Chainlink Unveils New Privacy and Interoperability Solutions for Blockchain Adoption

At Sibos 2024, Sergey Nazarov, Co-Founder of Chainlink, highlighted the growing adoption of blockchain technology by asset managers, driven by efficiency gains in settlement, payments, and collateral management. Nazarov announced the launch of two key privacy-focused tools: the Blockchain Privacy Manager and CCIP Private Transactions, designed to ensure secure, private transactions across multiple blockchains. He also emphasised the importance of interoperability, introducing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which aims to enable seamless asset and system integration in the evolving digital assets landscape.

/Privacy

The Future of Embedded Finance in Africa 2025

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/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.