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Latest Results from /security

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India proposes tougher IT outsourcing rules for banks

India's central bank, the Reserve Bank of India (RBI), is set to introduce new rules for IT outsourcing within the financial services sector.

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Cash trap crims get four year jail terms

Two men who used cash trap devices at ATMs to steal customer withdrawals have been sentenced at the Inner London Crown Court to a combined total of four years and six months in prison.

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Flagstar Bank hackers steal data on 1.5 million customers

US-based Flagstar Bank has suffered a data breach that has hit over 1.5 million customers.

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Crook jailed for selling software to compromise bank accounts

A man has been sentenced to four and a half years in prison by a London court for selling criminals access to computer software that enabled them to compromise bank accounts.

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Fidor Bank to test fingerprint cards

Fidor Bank in Germany is to pilot biometric payments cards from Zwipe in the second half of 2022.

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MonetaGo pivots from blockchain to cloud citing scalability issues

MonetaGo is ditching blockchain for a shift to the cloud after almost a decade of using distributed ledger technology for its trade finance fraud prevention product.

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Riksbank's Skingsley appointed head of BIS Innovation Hub

The Bank for International Settlements has appointed Riksbank's Cecilia Skingsley as head of the BIS Innovation Hub.

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Singapore banks take further step to tackle digital scammers

Singapore's banks are stepping up their defences against scammers, rolling out a host of measures, including an emergency self-service kill switch for customers to suspend their accounts.

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NatWest launches Confirmation of Payee API for business customers

NatWest has launched an API that lets commercial customers embed Confirmation of Payee into their own systems and processes.

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OCBC capital limits raised over flawed response to SMS phishing scams

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank (OCBC), over deficiencies in the bank’s response to a wave of spoofed SMS phishing scams in December 2021.

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Laybuy hires fraud chief from HSBC as chief risk officer

New Zealand-based buy now, pay later provider Laybuy has hired HSBC's group head of fraud Jamie Byles as its new chief risk officer.

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Mastercard acquires stake in Picus Security

Mastercard has taken a minority stake in Picus Security as part of a programme to identify threat prevention and detection gaps in business cyber defences.