Latest Security News: Finextra Research

Visa UK introduces new measures to protect SMEs from 'friendly fraud'

Visa UK has introduced a raft of new measures to protect small businesses from soaring rates of 'friendly fraud', in which cardholders dispute a legitimate purchase with their card issuer.

09 August 2023

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More banks pay multi-million dollar penalties over WhatsApp use

Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.

08 August 2023

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Mastercard enables CVC-less payments for tokenised cards in India

Mastercard has introduced Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenised their cards on merchant platforms.

07 August 2023

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How instant payments will impact financial crime mitigation

Speaking at the Temenos Community Forum at Vienna earlier this year, Finextra interviewed Adam Gable, product director of financial crime, treasury, and risk at Temenos, and Hani Hagras, chief science officer at Temenos to discuss how instant payments has been a catalyst to accelerate speed and innovation in financial crime mitigation.

26 July 2023

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Spanish banks form fraud fighting JV

Banco Santander, BBVA and CaixaBank have set up a company that will see the Spanish lenders share data that will help tackle financial crime.

25 July 2023

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Dutch cops raid criminal network linked to ATM explosions in Germany

Dutch police have raided 25 locations in the Netherlands in an ongoing crackdown again a spate of of ATM bombings in Germany.

24 July 2023

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Supreme Court rules in favour of Barclays over APP reimbursement claim

Barclays Bank has overturned an appeals court ruling that rendered it potentially liable for a £700,000 authorised push payment scam against one of its customers.

12 July 2023

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Revolut lost $20 million to criminals exploiting payment loophole

Malicious actors exploited a fault in Revolut's payment prcoessing system to steal more than $20 million from the financial super app in 2022, the FT has reported.

10 July 2023

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How is biometrics transforming banks’ security?

Finextra sat down with digital identity verification platform Veridas to learn more about how biometrics is taking over the cybersecurity industry. CEO and co-founder of Veridas Eduardo Azanza spoke on new developments in the field and the emerging technology’s potential to revolutionise security.

07 July 2023

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BofE taps Nuggets for digital pound privacy layer

The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

07 July 2023

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Mastercard AI tool helps UK banks take on real-time payment scams

Mastercard is tapping into its AI capabilities to help a host of UK banks predict and prevent real-time payment scams.

06 July 2023

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HSBC moves to protect operations from quantum cyber threats

HSBC is the first bank to join BT and Toshiba’s quantum-secured metro network – connecting two UK sites using Quantum Key Distribution (QKD) to prepare its global operations against future cyber threats.

05 July 2023

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