Latest Security News: Finextra Research

Cybercriminals can now block contactless payments

Prilex, a malware that was used originally to infect ATM’s and then evolved to Point-of-Sales machines has been found by Kaspersky to have modifications which now allow it to block a consumer's ability to make contactless payments, forcing them to put their cards in the machine in a bid to steal Pin codes.

31 January 2023

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Plaid publishes response to CFPB’s personal data right proposal

Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.

27 January 2023

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Pokémon-playing fish commit credit cod fraud

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

27 January 2023

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Regtech Salv raises €4m

Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.

26 January 2023

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Sandbar raises $4.8m for transaction monitoring software

New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.

25 January 2023

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Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

25 January 2023

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US arrests crypto exchange founder

US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.

18 January 2023

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UK crims sentenced for multi-million pound crypto fraud

Four UK nationals have been sentenced for fraudulently obtaining and laundering bitcoin and other cryptocurrency worth tens of millions of pounds from an Australia-based cryptocurrency exchange.

18 January 2023

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Ingenico and Fujitsu team on palm vein-based payments

Fujitsu has joined forces with Ingenico in an effort to bring its palm vein authentication technology for in-store payments into the mainstream.

18 January 2023

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European authorities lay out good practices for financial education

European Supervisory Authorities have put together a report offering good practice guidance for financial education initiatives on scams, fraud and cybersecurity.

13 January 2023

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Up to a quarter of APP fraud victims could lose out under new reimbursement rules

New APP fraud reimbursement rules implemented by the Payment Systems Regulator could lead to around a quarter of victims being denied refunds warns UK bank TSB.

09 January 2023

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JPMorgan must face Ray-Ban lawsuit over cyber theft

A New York judge has ruled that JPMorgan Chase must face a lawsuit from the French manufacturer of Ray-Ban glasses, which argues that the bank failed to stop suspicious transactions after cybercriminals looted $272 million from its account.

06 January 2023

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