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Latest Results from /security

/security

Stripe launches ID verification tool; sees strong investor interest

Stripe continues to expand beyond payments, launching a tool that help internet businesses securely verify the identities of their users from over 30 countries.

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Santander pushes back at Which? over APP scam reimbursement rates

Santander has pushed back against calls from Which? for banks to publish figures on the proportion of customers they refund for authorised push payment (APP) fraud, arguing that looking at reimbursement rates in isolation could present a "misleading" picture.

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ID verification outfit Trulioo hits $1.75bn valuation

Canadian identity verification outfit Trulioo has hit a US$1.75 billion valuation off a US$394 million Series D funding round led by TCV an joined by Citi and American Express.

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Capital One invests in Socure

Machine learning-based digital identity verification firm Socure has received an undisclosed strategic investment from Capital One Ventures.

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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.