Latest Security News: Finextra Research

Virgin Money and TSB scolded over online security risks

Starling Bank and HSBC top the charts for online banking security acording to tests carried out by Red Maple Technologies on behalf of consumer champion Which?, while Virgin Money and TSB brought up the rear.

07 February 2023

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APP scam reimbursement plans are "fundamentally flawed" say MPs

UK lawmakers says proposals to hand responsibility for scam reimbursement to a body sponsored by the banking industry are “fundamentally flawed”.

07 February 2023

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ION pays ransom, claim hackers

The gang that attacked ION Trading UK's systems last week says that the firm has paid a ransom.

06 February 2023

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SEC WhatsApp crackdown expands to hedge funds

The Securities and Exchange Commission is widening its probe into Wall Street's use of WhatsApp for conducting business to include major hedge funds, according to Bloomberg.

06 February 2023

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ION servers knocked out in ransomware attack

ION has been hit by a cyber attack that knocked out servers dealing with cleared derivatives, sparking trade reporting and maching problems for brokers and rival processing services.

01 February 2023

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LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023

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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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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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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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