Latest Security News: Finextra Research

Visa says new anti-scam unit thwarted $350 million in attempted fraud

Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.

5 hours

Exciting lineup revealed: Meet the first 10 speakers for NextGen Nordics

The Nordic payments ecosystem is among the most innovative and forward-thinking in the world. As digital payments continue to evolve and transform the financial landscape, it is crucial to have experts who can guide and shape this transformation. The following individuals — confirmed speakers for NextGen Nordics 2025 at Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 —are recognised leaders in the Nordic payments industry, and their expertise makes them the best speakers on trends within this space.

7 hours

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BaaS platform Synctera raises $15m

Banking-as-a-Service player Synctera has raised $15 million in funding and signed online checkout giant Bolt as a customer.

17 hours

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North Korean hackers cash out $300 million from ByBit heist

North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange.

11 March 2025

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Eurosystem to offer Sepa-wide VoP scheme

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

11 March 2025

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US consumer fraud losses top $12.5bn in 2024

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

11 March 2025

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Nubank partners OpenAI to smooth customer experience

Brazil's Nubank is working with OpenAI on a host of services and features for its 114 million customers.

11 March 2025

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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.

07 March 2025

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FS-ISAC offers payment card industry guidance on quantum computing risks

With work on quantum computing gaining momentum, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has issued guidance to help the payment card industry mitigate risks posed by the technology.

06 March 2025

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PayPal scammers adopt Docusign API to con customers

PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.

05 March 2025

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Savings accounts see huge surge in mule-linked activity

Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.

05 March 2025

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DORA: Learn how to fortify operational resilience at NextGen Nordics

The introduction of the Digital Operational Resilience Act (DORA) in 2022 marked a pivotal shift, requiring financial institutions to bolster their ability to withstand and recover from a range of cyber and operational disruptions. The upcoming NextGen Nordics 2025 event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 promises to be a unique platform for banking professionals and industry leaders to explore how DORA is reshaping the financial ecosystem, focusing on operational resilience, cybersecurity, and the future of innovation in the sector.

04 March 2025

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