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Latest Results from /security

/security

BofA launches Account Validation service

Bank of America has rolled out a fraud prevention service for corporate and public sector clients making payments in the US.

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FBI raids Chinese POS terminal maker PAX Technology

Chinese POS terminal provider PAX Technology is at the centre of a security scare that has seen the FBI raid its Florida offices and payments processor Worldpay replace its devices.

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HSBC calls in magician Troy von Scheibner to raise fraud awareness

As Black Friday approaches, HSBC has enlisted magician Troy von Scheibner to show Brits how fraudsters play mind games designed to gain victims' trust and pressure them into handing over personal information.

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FCA says Online Safety Bill should cover paid advertising on social media site

The UK's Financial Conduct Authority has called on the Government to extend the Online Safety Bill to cover paid-for advertising, as well as user-generated content on social media platforms.

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VisionLabs unveils facial recognition payment terminal

Facial recognition company VisionLabs has unveiled a payments terminal that lets shoppers make payments with a look.

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Anti-fraud startup Resistant AI raises $16.6 million

Resistant AI, a SaaS-based AI and machine learning security company that protects automated financial systems from manipulation, fraud and financial crime, has secured $16.6M in Series A funding.

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Microsoft rolls out financial services cloud

Microsoft is making its financial services-specific cloud offering generally available from next month, with Virgin Money UK on board as an early user.

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Banks trial emergency hotline for APP fraud

UK banks are to establish an emergency hotline to protect customers from APP fraudsters posing as bank staff.

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RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

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Lloyds gives users control over contactless limits amid fraud fears

Lloyds Banking Group customers will be able to set their own limits when the new £100 ceiling on contactless card payments comes into effect next month.

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Money 20/20 EU: Navigating the trade-off between trust and value propositions

Amsterdam: Finextra is on the ground at Money 20/20 Europe, attending a host of sessions to provide you with key highlights from the most popular sessions throughout the conference.

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APP fraud losses overtake card crime in H1 2021

Losses to authorised push payments fraud topped card fraud for the first time in H1 2021, acccording to new figures from UK Finance.