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Latest Results from /security

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HSBC UK launches fraud awareness app for businesses

HSBC has launched a fraud awareness app to provide businesses with up-to-the-minute news on emerging scams.

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Visa invests in LoginID to accelerate Fido-certified SCA

Visa has invested in LoginID, the startup behind a series of APIs and SDKs that make it easy for firms to integrate Fido-certified biometric authentication steps into their sites and apps.

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Signicat buys SCA specialist Encap Security

Nordic digital identify firm Signicat has acquired Strong Customer Authentication (SCA) specialist Encap Security from AllClear ID. Financial terms were not disclosed.

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Klarna app bug logged people into other users' accounts

Klarna was forced to temporarily shut down its app yesterday after a "self-inflicted incident" saw some users logged in to other people's accounts, giving them access to personal information.

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Fraudio raises $3.3m for fraud prevention platform

Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.

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Americans trust banks over fintechs and Big Tech with personal data

Americans trust traditional banks more than government agencies or fintechs - and far more than Big Tech - to safeguard their personal data, according to a BIS survey.

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E-commerce fraud prevention firm Forter scores $300m

E-commerce fraud prevention company Forter has hit a $3 billion valuation after raising $300 million in a Series F funding round led by Tiger Global Management.

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NatWest lets customers set daily bank transfer limits

NatWest is now allowing customers to set their own daily digital bank transfer limits - a move designed to reduce the damage done by APP scams.

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FCA extends SCA deadline by a further six months

The UK's Financial Conduct Authority is to delay the implementation of strong customer authentication rules by a further six months in an effort to minimise disruption to consumers and merchants.

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Which? calls on banks to come clean about APP fraud refunds

UK consumer group Which? is calling on banks and building societies to publish figures on the proportion of customers they refund for authorised push payment (APP) fraud.

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UK Online Safety Bill lets social media giants off the hook

The UK Government has taken the first step in tackling online investment scams by including user-generated fraud within scope of the Online Safety Bill.

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Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

Hours after Twitter announced the new money transfer feature Tip Jar, early testers took to the social media platform to air their concerns over addresses being included in PayPal receipts.