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Latest Results from /security

/security

Revolut tops fraud leaderboard by a country mile

The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.

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New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

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MoneyGram says hackers stole customer data

MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.

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Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

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Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

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Ecommerce fraud to exceed $100bn by 2029

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

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UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

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Meta forms data-sharing programme with UK banks to tackle scammers

Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.

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MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

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UK Post Office axes MoneyGram services in wake of cyber attack

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

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Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

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Australia launches initiative to address tech talent shortage

The Tech Council of Australia (TCA) has launched a initiative designed to address the battle for tech talent.