Latest Security News: Finextra Research

US agencies provide advice for combatting elder financial exploitation

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this week.

1 hour

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AI power centres are fresh targets for hackers - Experian

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

6 hours

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MEP amendments to PSR APP fraud liability regime 'undermine effective fraud prevention'

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.

7 hours

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5 most common fraud methods in 2024, according to AIB

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

8 hours

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Rabobank invests in ThreatFabric

Rabobank has invested in fraud detection fintech ThreatFabric.

12 hours

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Finextra and the Euro Banking Association invite startups to join the EBAday Fintech Zone

EBAday 2025, the annual summit for the leading payments and transaction banking executives hosted by the Euro Banking Association (EBA) and Finextra, has opened applications for its Fintech Zone.

03 December 2024

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CBA chops fraud with AI

Australia's Commonwealth Bank says early implementation of GenAI is helping it to substantially reduce fraud rates.

28 November 2024

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Hackers steal $17 million from Central Bank of Uganda

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

28 November 2024

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PSR says APP reimbursement rules are promoting vigilance, not complacency

Research published by the Payment Systems regulator indicates that reimbursed fraud victims feel more vigilant about fraud risks, not less.

28 November 2024

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NextGen: AI: Busting five AI myths

The next afternoon panel was moderated by Debi Bell-Hosking, with speakers consisting of Dr Janet Bastiman, chief data scientist, Napier AI; Stuart McDowell, UK CIO, Societe Generale; and David Tracy, head of data products, Smart Data Foundry.

27 November 2024

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NatWest launches advent calendar to warn Brits about scams

As fraudsters gear up to take advantage of the Christmas period, NatWest has launched an advent calendar designed to educate Brits on the threat of common purchase scams.

27 November 2024

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NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

22 November 2024

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