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Banks in Singapore are set to remove clickable links in emails and text messages sent to retail customers after a spate of SMS phishing scams.
21 January 2022
JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.
17 January 2022
OCBC Bank has announced it has begun making goodwill payouts since 8 January 2022 for customers who have fallen prey to recent SMS phishing scams.
SoSafe, a cybersecurity awareness platform, as received $73 million in Series B funding. This comes as the firm announces its intention to double their team to 500 this year.
14 January 2022
In what Chainalysis has dubbed a “banner year” for North Korean cybercriminals, a recent report by the blockchain research company has revealed that almost $400 million worth of digital assets were stolen across at least seven attacks in 2021.
Consumer group Which? has uncovered flaws in online banking security systems that could leave customers exposed to fraud, with some banks failing to use the latest protections for their websites and allowing users to set insecure passwords.
11 January 2022
Morgan Stanley has agreed a $60 million class action settlement relating to legacy technology mishandling that led to two seperate data breaches in 2016 and 2019.
05 January 2022
With 2021 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.
23 December 2021
A senior Lloyds banker has warned its existing on-site technology is “not fit for purpose” during a recorded internal meeting acquired by the Mail on Sunday. This technology holds the vast majority of the bank’s data and services.
20 December 2021
Europe has its first cross-border Confirmation of Payee service, thanks to a partnership between SurePay, SepaMail.eu and StreamMind.
16 December 2021
Crypto exchange Bitmart has become the latest DeFi firm to fall victim to a large-sacle security breach, losing an estimated $100 million and suspending all withdrawals.
06 December 2021
An analysis of more than four million payment cards being hawked on the dark web reveals that they belong to citizens of 140 countries and are selling for an average of $9.70.
02 December 2021
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