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Latest Results from /security

/security

NatWest launches board game to educate people about scams

Just in time for Christmas, NatWest has launched a board game, 'All Mod Cons' to educate the public about top modern scam techniques.

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Australian banks roll out raft of scam protection measures

The Australian banking industry is ushering in a raft of reforms to keep customers safe from scammers, including a $100 million investment to build a new Confirmation of Payee system.

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UK companies backsliding on sanctions screening

UK companies are failing to keep up with the requirements for sanction-screening prospective clients despite the high level of global geopolitical unrest, according to a recently published survey.

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Fidelity National Financial services disrupted by cyber incident

Fidelity National Financial has been hit by a "cybersecurity incident" that forced it to block access to systems, leading to business disruptions.

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73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

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DORA to spark changes in risk management tech

The imminent introduction of the EU's Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.

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Lynx raises $18m for AI-powered fraud fighting tech

Lynx, a Madrid-based firm using AI to detect and prevent fraud and financial crimes, has raised $!8 million in Seres A funding.

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Mastercard and NEC team on in-store biometric payments

Mastercard is working with NEC Corporation to push the use of facial recognition technology for instore payments in Asia Pacific.

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ICBC pays ransom after US hack

The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.

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Lloyds warns over surge in crypto scams

Revolut is the most common recipient of Faster Payments made by crypto investment scam victims at Lloyds Banking Group, which is reporting a surge in get-rich-quick adverts on social media.

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ICBC ransomware attack disrupts Treasury trades

The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.

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FCA warns banks over APP fraud and poor treatment of victims

With authorised push payment fraud on the rise, the FCA says banks should strengthen anti-crime systems and must treat victims of fraud better.