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Latest Results from /security

/security

Singapore banks take further step to tackle digital scammers

Singapore's banks are stepping up their defences against scammers, rolling out a host of measures, including an emergency self-service kill switch for customers to suspend their accounts.

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NatWest launches Confirmation of Payee API for business customers

NatWest has launched an API that lets commercial customers embed Confirmation of Payee into their own systems and processes.

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OCBC capital limits raised over flawed response to SMS phishing scams

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank (OCBC), over deficiencies in the bank’s response to a wave of spoofed SMS phishing scams in December 2021.

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Laybuy hires fraud chief from HSBC as chief risk officer

New Zealand-based buy now, pay later provider Laybuy has hired HSBC's group head of fraud Jamie Byles as its new chief risk officer.

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Mastercard acquires stake in Picus Security

Mastercard has taken a minority stake in Picus Security as part of a programme to identify threat prevention and detection gaps in business cyber defences.

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Mastercard unveils Biometric Checkout Programme

Mastercard has established a technology framework to help set minimum standards for biometric payments at the checkout.

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Checkout.com to acquire digital identity startup ubble

Checkout.com is to extend its merchant financial services portfolio with the acqusition of French digital identity verification (IDV) company, ubble

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Google brings virtual cards to Chrome and Android

Google is working with Visa, Mastercard and American Express to bring virtual cards to Chrome and Android.

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Nationwide stops 2000 more frauds a month with SCA rules

Nationwide Building Society says that the introduction of Strong Customer Authentication (SCA) rules in March is helping it stop 2000 cases of online card fraud a month.

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UK to introduce new rules to preserve cash and reimburse fraud victims

The UK Government is to introduce new legislation to protect access to cash and to require banks to refund victims of authorised push payment fraud.

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EU Digital Markets Act delayed until 2023

The Digital Markets Act (DMA) has been postponed to come into force in early 2023, rather than later this year as previously anticipated.

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SEC hires 20 more staff to police crypto markets

The US Securities and Exchange Commission has nearly doubled the size of its crypto market and cyber enforcement unit, growing the team to 50 positions with the addition of 20 new staff.