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Westpac battles impersonation scams with 'SafeCall'

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Westpac battles impersonation scams with 'SafeCall'

In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.

ECB cyber security test reveals 'room for improvement'

/security

ECB cyber security test reveals 'room for improvement'

The European Central Bank says there is "room for improvement" after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.

Customer complaints over fraud reimbursement by Revolut surge

/security

Customer complaints over fraud reimbursement by Revolut surge

The UK's Financial Ombudsman has fielded a 35% surge in customer complaints about requests for reimbursement over scam thefts being denied by Revolut.

BBVA opens global cybersecurity centre in Mexico

/security

BBVA opens global cybersecurity centre in Mexico

BBVA is opening a global cybersecurity centre in Mexico as part of an alliance with IT services company Telefónica Tech aimed at boosting the bank's defences against a rising tide of security-related threats.

Banks and payments hit as faulty CrowdStrike update causes global Microsoft outage

/security

Banks and payments hit as faulty CrowdStrike update causes global Microsoft outage

Banks and card payment systems are among the victims of the worldwide tech outage on Microsoft platforms.

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

/security

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

Banks in Singapore to phase out One-Time Passwords

/security

Banks in Singapore to phase out One-Time Passwords

Banks in Singapore are to phase out the use of phishing-prone One-Time Passwords (OTP) in favour of digital tokens for bank account login.

NatWest takes digital ID to the Nordics

/security

NatWest takes digital ID to the Nordics

NatWest is to make its digital identity service for legally binding documents via Adobe Acrobat Sign available to customers in the Nordics.

UK payments group urges incoming Government to make Big Tech refund fraud victims

/security

UK payments group urges incoming Government to make Big Tech refund fraud victims

On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association has issued a plea to the incoming Chancellor to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

NAB aims to be the "best alarm on the street"

/security

NAB aims to be the "best alarm on the street"

National Australia Bank is exploring the use of biometric tracking of keystrokes and phone handling as part of a suite of initiatives to clamp down on fraudulent payments.

Wise says some customers may be affected by Evolve Bank hack

/security

Wise says some customers may be affected by Evolve Bank hack

Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.

Monzo introduces trio of new fraud controls

/security

Monzo introduces trio of new fraud controls

Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.

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