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Latest Results from /security

/security

Revolut breach exposes data of over 50,000 customers

Revolut has suffered a data breach that exposed personal details of about 50,000 customers worldwide.

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UK finance suffers surge in DDoS attacks

The UK financial sector was subject to a surge in distributed denial of service (DDoS) attacks in the first half of 2022 after Russian forces invaded Ukraine.

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BofA granted hundreds of patents

Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.

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SteelEye raises $21m Series B

In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital.

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Starling responds to UK Govt's report on suspected BBLS fraud

UK Government has confirmed that of the £47 billion provided in loans through the Bounce Back Loan (BBL) scheme, £1.1 billion of these loans are suspected to be fraudulent.

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N26 takes the offensive against phishing scams

Digital transformation of the financial industry has led to a major rise in global phishing scams and cyber-attacks. In order to protect consumers from falling victim to fraud, banks must enhance security protocols.

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UK orders crypto exchanges to report sanctions breaches

Crypto exchanges operating in the UK will face more reporting requirements over sanctions breaches under new rules introduced in the wake of Russia's war in Ukraine.

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Block faces lawsuit over Cash App breach

Block is facing a Class Action lawsuit over a Cash App Investing data breach last year that impacted 8.2 million customers.

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Visa tokens overtake physical cards in circulation

Visa has issued its four billionth network token for e-commerce payments, surpassing the number of physical cards it has in circulation worldwide.

/security

Fraud spike forces bus company to ban online banks and cut mobile contactless limits

An Essex bus company has banned customers from Monzo and Revolut from using their smartphones to pay for fares and has slashed mobile contactless limits to just £10 following a spike in debit and credit fraud across the network.

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Class Action lawsuit claims Coinbase failed to protect customers from fraud

The world's largest crypto exchange, Coinbase, is facing a Federal Class Action lawsuit over allegations that it failed to secure user accounts from hackers and thieves.

/security

CSI to go private in $1.6bn deal

Fintech and regtech outfit Computer Services Inc is set to go private after agreeing to be bought by investment firms Centerbridge Partners and Bridgeport Partners for around $1.6 billion.