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Banks in Singapore add facial verification to security toolkit

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Banks in Singapore add facial verification to security toolkit

Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

NextGen: AI 2024: Uncovering the opportunities of AI legislation

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NextGen: AI 2024: Uncovering the opportunities of AI legislation

Join us in London on 26 November 2024 for our inaugural NextGen: AI event and hear from Lord Chris Holmes about the potential of AI and the benefits of legislation.

Which? warns consumers to watch out for fake messages about the new fraud refund scheme

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Which? warns consumers to watch out for fake messages about the new fraud refund scheme

Fraudsters are already latching on to the new APP fraud reimbursement scheme as a means to dupe consumers into handing over sensitive banking information warns consumer group Which?.

Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

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Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

Mastercard has struck a deal to buy threat intelligence specialist Recorded Future from private equity form Insight Partners for $2.65 billion

Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

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Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

Lloyds sets up anti-scam working group to tackle fake websites

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Lloyds sets up anti-scam working group to tackle fake websites

Lloyds Bank has established an industry working group, working with Chargebacks911 and other payment platforms, to report known fake websites when they arise and block transactions.

PSR to cut APP reimbursement limit to £85,000

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PSR to cut APP reimbursement limit to £85,000

In the face of growing government and industry pressure, the UK's Payment Systems Regulator is set to bow to demands to reduce the reimbursement limit offered by banks to victims of authorised push payment fraud from £415,000 to just £85,000.

“Saving patient zero”: Blackwired's new approach to cybersecurity

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“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

Fraudsters plead guilty to operating OTP scam site

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Fraudsters plead guilty to operating OTP scam site

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

Singapore to empower police to stop voluntary bank transfers to scammers

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Singapore to empower police to stop voluntary bank transfers to scammers

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

Banks and technology firms unite to test corporate digital IDs

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Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

Mastercard debuts Payment Passkeys in India

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Mastercard debuts Payment Passkeys in India

Mastercard is to debut its Payment Passkey service in India, bringing biometric authentication to online shopping.

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