Latest Security News: Finextra Research

CBA and Telstra test APP fraud detector

Commonwealth Bank of Australia is working on a scam busting joint venture with local telco Telstra that could save customers up to $20 million in annual authorised push payment fraud.

28 March 2023

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Latitude Financial reveals 14 million customer records stolen in cyber attack

Australian consumer lender Latitude Financial has revealed that 14 million customer records, including drivers licences, passports and financial statements were stolen in a cyber attack.

27 March 2023

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TikTok faces intense scrutiny from US Congress

US Congress grilled TikTok CEO, Shou Zi Chew, when he appeared before Congress yesterday, as the company faces increasing calls for a US ban.

24 March 2023

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Mastercard acquires Swedish cyber-security firm Baffin Bay

Mastercard has acquired Swedish cybersecurity firm Baffin Bay as part of plans to build a multi-layered protective shield for customers across the world

20 March 2023

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Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

15 March 2023

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Fed governor Waller caught up in porn Zoom-bombing

Federal Reserve governor Christopher Waller was forced to abandon his remarks at a Zoom conference after a user hijacked the call and displayed pornography.

09 March 2023

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Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

07 March 2023

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Westpac adds anti-scam feature

Australian bank Westpac is adding a security layer for online payments as it seeks to address record customer losses to scams.

07 March 2023

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Senators urge regulators to take action on Zelle fraud

Senate Democrats, including Elizabeth Warren, have called on financial regulators to take action to tackle fraud related to the bank-owned Zelle P2P payments service.

07 March 2023

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Central Bank of Ireland blocks staff use of ChatGPT

Ireland's central bank has become the latest financial institution to ban its employees from using the artificial intelligence (AI) chatbot ChatGPT.

03 March 2023

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Financial Cloud Summit 2023: ChatGPT says banks should be multi-cloud

Cloud migration is a major part of the financial industry today; traditional banks and emerging fintechs are in process of transitioning online to cloud services to become scalable, agile, and operate at a higher level.

02 March 2023

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Financial Cloud Summit 2023: Strategising digital transformation and balancing trust with partners

To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more.

02 March 2023

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