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Latest Results from /security

/security

Santander launches global blockchain challenge

Banco Santander and Oxentia Foundation are inviting startups and scaleups from 11 countries to compete in a blockchain challenge and the chance to win cash prizes.

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APP reimbursement Code extended to wider range of institutions; CoP mandated

The UK's Lending Standards Board (LSB) has published updates to the Contingent Reimbursement Model (CRM) Code – the set of voluntary standards which aim to protect people against authorised push payment (APP) fraud.

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Ray-Ban manufacturer sues JPMorgan over $272 million cyber theft

The French manufacturer of Ray-Ban glasses is suing JPMorgan for failing to stop suspicious transactions after cybercriminals looted $272 million from its New York account.

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US Senators blast Zelle over rising fraud

US Senators Elizabeth Warren and Robert Menendez have blasted bank-backed P2P payments app Zelle over reports of widespread fraud and scams on the platform.

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TSB warns of spike in impersonation fraud

TSB has issued an urgent warning to customers over growing rates of impersonation fraud, with duped customers losing up to £4000 on average.

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Seon raises $94 million to help fintechs meet sanctions obligations

Anglo-Hungarian fraud prevention startup Seon has raised $94 million to expand across the US, Latin America and Asia Pacific and to develop tools to help firms meet sanctions obligations.

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UK retailers lost £130 million in sales in first month of SCA rules

New data from Barclaycard Payments reveals UK retailers have so far lost out on £130m worth of sales as a result of not being fully compliant with new Strong Customer Authentication (SCA) rules which came in to effect last month.

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Westpac automatically blocks payments to suspected scammers

Westpac has started automatically blocking suspect online transactions from overseas retailers deemed high-risk of being a scam.

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BBVA fund invests in LatAm authentication startup Truora

BBVA investment fund Propel has lead a $15 million financing round in Colombian authentication startup Truora.

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US banks back ID verification service

Some of America's biggest lenders have joined forces with Early Warning on a service that lets people use their bank login details to verify their identity when using participating business' sites and apps.

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Block says ex-employee accessed customer data without permission

Block has informed the SEC that a former employee has downloaded reports, without permission, containing customer information on US Cash App users.

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IBM introduces real-time AI for transaction processing

IBM is harnessing the power of real-time AI to help banks analyse for fraud during transactions on a "massive scale".