Latest Security News: Finextra Research

Lloyds, Santander, Barclays, TSB demand Google, Facebook reimburse online fraud victims

As reported in The Telegraph, UK banks have urged Big Tech and telecommunications firms to take responsibility for their contribution to the rise of online fraud and voluntarily reimburse victims.

25 July 2022

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UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

21 July 2022

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UK proposes new AI rulebook

The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.

20 July 2022

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Firms failing to monitor social messaging

Financial services firms are falling short in their efforts to monitor employees' use of social media messaging despite ear-marking communications surveillance as an investment priority, according to recent research.

19 July 2022

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FCA continues ‘heavy’ tech investment for decision making

In a speech delivered this week by Nikhil Rathi, chief executive of the UK’s Financial Conduct Authority (FCA), to the Peterson Institute of International Economics, Rathi explained that the regulator has “invested heavily in data and technology” to take a more proactive stance and, crucially, spot harm and intervene more quickly and more broadly.

15 July 2022

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ANZ rolls out dynamic CVVs

Australia and New Zealand Bank is rolling out dynamic CVVs for customer cards as one a suite of enhancement to its ANZ Plus digital banking platform.

15 July 2022

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Bank of Ireland warns of new variation on smishing scams

Bank of Ireland is warning customers about a new wave of fraudulent text messages in circulation, where scammers are using customers’ card details to set up Apple/Google Pay.

15 July 2022

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Survey finds UK shoppers are frustrated with SCA

More than a third of UK shoppers have been unable to complete an e-commerce transaction because of new strong customer authentication (SCA) rules, according to a survey for Signifyd.

06 July 2022

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Ant Group open sources privacy software

Chinese fintech behemoth Ant Group has made its "privacy-preserving Computation Framework" open source.

05 July 2022

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CBA boosts AI tech for scam protection

The Commonwealth Bank of Australia (CBA) is boosting AI technology across its digital banking platforms in efforts to stamp out “disturbing” scams targeting their customers.

04 July 2022

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UK Finance reveals huge rise in APP fraud

The lastest fraud figures released by UK Finance reveal a huge rise in authorised push payment (APP) fraud in 2021, with losses 39% up on the same period in 2020.

29 June 2022

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Caceis recruits Taurus for digital custody offering

France-based Caceis is the latest asset servicing firm to announce plans to develop its custody service for digital assets.

27 June 2022

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