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Latest Results from /security

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Fraud fears impacting small businesses

New research from Visa reveals that more than two fifths (41%) of small-medium businesses in the UK have been a victim of fraud, with the average amount lost due to fraudsters in the last year being £3,808.

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Citi under investigation by US federal agencies over Russian oligarch ties – Barron’s

Citigroup is facing investigation from a number of US government agencies for its connections to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov.

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FinCEN warns banks about deepfake threat

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to help banks to spot GenAI-generated deepfake scams.

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Mastercard aims to kill passwords and manual card entry by 2030

Mastercard has set itself the target of using tokenisation and biometrics to eliminate manual card entry, passwords and one-time codes for online purchases by 2030.

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Are innovations in cross-border payments enabling APP fraud?

The Payments Association has warned that international criminals are making the most of innovations in cross-border payments to stash funds and evade detection when undertaking authorised push payment (APP) fraud.

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NatWest reveals the fastest-growing scams of 2024

The fastest growing scams of 2024 have been uncovered in a new study by NatWest which reveals 42% of British adults have been targeted by a scam in the last 12 months.

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Visa and Tencent bring palm payments to Singapore

Chinese tech conglomerate Tencent has teamed up with Visa to take its palm recognition technology for digital payments international, beginning with Singapore.

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Hong Kong Monetary Authority fines Fubon Bank HK$4m

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

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Banks and mobile operators collaborate on Scam Signal for detecting APP fraud

GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.

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Banque de France and Monetary Authority of Singapore complete post-quantum cryptography trial

The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.

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NextGen: AI – Exploring the impact of generative AI in financial services

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore the impact of generative AI.

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Deutsche Bank invests in ID security firm Akeyless

Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.