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Latest Results from /security

/security

CBDCs can work with private stablecoins - research

A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.

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Lloyds launches fintech sandbox with NayaOne

UK high street bank Lloyds has stepped up its efforts to engage with fintechs with the release of its Innovation Sandbox supported by NayaOne.

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FSB bids for greater convergence in cyber incident reporting

The Financial Stability Board (FSB) has set out proposals to ensure greater convergence in cyber incident reporting.

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PayPal to ride out social media backlash over misinformation policy change

Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording to financial analysts.

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Mastercard to issue 'quantum resistant' contactless cards

Mastercard has approved the first cards for issuers that are compatible with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.

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SCA has led to fall in online card fraud - Barclaycard

200 days on from the mandatory introduction of Strong Customer Authentication (SCA) in the UK, 73% of retailers have seen online payment fraud decline, according to data from Barclaycard Payments.

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Banks prepare for cyber-battle to promote cybersecurity awareness

To mark cybersecurity awareness month in the US, this October financial institutions are planning a series of tournaments and events to raise awareness around cyber security issues.

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APP fraud victims to get mandatory reimbursement rights under new PSR rules

Victim of authorised push payment fraud will soon be entitled to full reimbursement under new proposals drawn up the Payment Systems Regulator.

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Banque de France tests 'post quantum' security tech

The Banque de France has been experimenting with "post-quantum" security technologies as it bids to prepare for a world where quantum computing leaves current IT systems vulnerable to hacks.

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Deutsche Bank to assign risk value to merchant transactions in fight against fraud

Deutsche Bank is using artificial intelligence technology from Visa subsidiary Cybersource to give merchant customers a fraud risk score for individual transactions.

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Sardine raises $51.5m for fintech fraud platform

Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $51.5 million in a Series B funding round led by Andreessen Horowitz's growth fund.

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Morgan Stanley hit with $35m penalty for device disposal failings

Morgan Stanley Smith Barney (MSSB) has been slapped with a $35 million penalty for failing to protect the personal identifying information (PII) of about 15 million customers.