Latest Results from /security
/security
Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.
18 October 2024
62.1% of UK consumers see mobile app fraud as a top concern, with 50% also citing hacking as a fear, according to findings from the Open Worldwide Application Security Project (OWASP) and Appdome.
17 October 2024
Banking co-operative Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime.
16 October 2024
The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.
15 October 2024
Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.
MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.
10 October 2024
The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.
08 October 2024
A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.
07 October 2024
The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.
The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.
04 October 2024
Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.
03 October 2024
US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.
02 October 2024
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.