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Latest Results from /security

/security

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.

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Entrust acquires Antelop

Entrust is to gain a foothold in the digital card issuance space with the acquisition of Paris-based Antelop.

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CCAF, World Bank and World Economic Forum call on fintechs to uncover Covid-19 impact

The Cambridge Centre for Alternative Finance (CCAF), World Bank and World Economic Forum are calling on fintechs to participate in data collection for the group’s Global Covid-19 FinTech Market Impact & Industry Resilience Study before its October deadline.

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Crooks hijack bank OTPs to make fraudulent card payments

Hackers managed to hijack one-time passwords (OTPs) sent via SMS by Singapore banks to customers and use them to carry out fraudulent credit card transactions worth a total of S$500,000.

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Top tech companies pledge £1 million to UK anti-fraud campaign

Major technology companies, including Google, Facebook, Instagram, Twitter, Amazon, Microsoft and TikTok have pledged £1 million to an anti-fraud campaign in the UK

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Banks called to account over "shockingly low" rate of reimbursements for APP fraud

Over three quarters of bank customers have failed to win reimbursements from banks after falling victim to authorised push payment scams.

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Too polite to say no: Losses from impersonation scams more than double in H1

The public is being warned about a sharp increase in fraudulent calls, texts and emails as new figures from UK Finance show the number of impersonation scam cases more than doubled in the first half of 2021 to 33,115.

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Mastercard buys crypto intelligence firm CipherTrace

Mastercard continues to strengthen its digital asset capabilities, buying cryptocurrency intelligence outfit CipherTrace. Financial terms were not disclosed.

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Confirmation of Payee startup SurePay raises €12.2 million

SurePay a Rabobank spin off providing Confirmation of Payee (CoP) in the UK and Benelux, has raised a €12.2 million round led by Connected Capital with Iris Capital, joining Rabo Frontier Ventures to boost the company’s international expansion

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Fired credit union employee gets revenge by wiping 20GB of data

A US woman who broke into a credit union's computer system and destroyed more than 20 gigabytes of data in retaliation for being fired, has pleaded guilty in a Brooklyn court.

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UK contactless limit to rise to £100 in October

Brits will be able to make contactless payments of up to £100 from 15 October, UK Finance has confirmed.