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Latest Results from /security

/security

Revolut says Meta platforms are a 'hotbed' for scams

In tune with bank findings, Revolut scam data for 2023 reveals that the majority of all its reported crime cases in the UK started on Meta platforms.

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Entrust opens talks to take over Onfido

Entrust, a provider of security services for payment cards, passwords and access controls, has confirmed that it has entered exclusive negotiations to acquire ID verification outfit Onfido.

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DBS chief Gupta docked millions of dollars in annual salary over outages

DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank's payments and ATM services last year.

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Mastercard supercharges fraud detection with GenAI

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

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Ripple co-founder's personal XRP accounts hacked

Ripple co-founder Chris Larsen says several of his personal XRP accounts have been hacked but dismissed speculation that the company's network was compromised.

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Biometric card pioneer Zwipe backs out of payment card market

Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.

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One-in-three consumers falling victim to APP fraud - Visa

Soaring levels of authorised push payments fraud in the UK are turning consumers off digital banking, according to research conducted by Visa

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New York AG sues Citi over lax security and failure to reimburse fraud victims

New York's Attorney General is suing Citibank for failing to protect customers from fraud and scams.

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US Justice Department uncovers $1.89 billion cryptocurrency fraud scheme

The Justice Department has charged two individuals and accepted the guilty plea of a third for orchestrating a massive $1.89 billion cryptocurrency fraud scheme.

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Venmo, Zelle and Cash App leave users vulnerable to fraud - Manhattan DA

Manhattan's district attorney has written to the firms behind Venmo, Zelle and the Cash App, calling on them to up their security measures in the face of growing fraud.

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Swedish central bank files police report after IT firm hit by ransomware attack

Sweden's Riksbank has filed a police report after a ransomware attack on software firm Tietoevry knocked out some of the central bank's IT systems.

/security

Mastercard bids to kill passwords with new biometric service

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.