Latest Security News: Finextra Research

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

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Digital asset protection provider Coincover raises $30m

Coincover, a UK-based digital asset protection provider, has raised $30 million in a funding round led by Silicon Valley’s Foundation Capital.

10 February 2023

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US and UK sanction Russian cybergang members

The United States and United Kingdom have imposed sanctions on seven members of the Russian hacking collective Trickbot.

10 February 2023

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Mastercard and Network International unveil AI fraud prevention tech

Mastercard and digital commerce company, Network International, have collaborated to release an Artificial Intelligence (AI) solution fighting transaction fraud across the Middle East and Africa.

09 February 2023

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US Treasury launches cloud services steering committee

The dominance of a handful of cloud service providers in the financial sector raises concerns about operational resilience and the bargaining power vendors have in negotiations with smaller FS players, according to a US Department of the Treasury report.

09 February 2023

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Banks receiving APP scam payments pushed to step up standards

The UK's Lending Standards Board is pursuing a harder line on authorised push payment fraud, requiring banks receiving scam payments to take further measures to stop such transfers.

08 February 2023

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Virgin Money and TSB scolded over online security risks

Starling Bank and HSBC top the charts for online banking security acording to tests carried out by Red Maple Technologies on behalf of consumer champion Which?, while Virgin Money and TSB brought up the rear.

07 February 2023

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APP scam reimbursement plans are "fundamentally flawed" say MPs

UK lawmakers says proposals to hand responsibility for scam reimbursement to a body sponsored by the banking industry are “fundamentally flawed”.

07 February 2023

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ION pays ransom, claim hackers

The gang that attacked ION Trading UK's systems last week says that the firm has paid a ransom.

06 February 2023

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SEC WhatsApp crackdown expands to hedge funds

The Securities and Exchange Commission is widening its probe into Wall Street's use of WhatsApp for conducting business to include major hedge funds, according to Bloomberg.

06 February 2023

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ION servers knocked out in ransomware attack

ION has been hit by a cyber attack that knocked out servers dealing with cleared derivatives, sparking trade reporting and maching problems for brokers and rival processing services.

01 February 2023

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LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023

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