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Latest Results from /security

/security

UK data breach costs soar

The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline.

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European regulators say SCA helping to contain payment fraud

The European Banking Authority (EBA) and the European Central Bank (ECB) published today a joint Report on payment fraud data.

/security

Paystrax selects Featurespace to tackle fraud

PAYSTRAX, the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities.

/security

Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

/security

Konsentus Verify arrrives on Temenos Exchange

Konsentus today announced that Konsentus Verify, Europe’s leading open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.

/security

An Post signs with Safecypher to drive down card-not-present fraud

Safecypher, one of Europe’s leading card payments security companies, has launched a new advanced anti-card fraud technology in partnership with An Post.

/security

Xerberus launches Siren to allow crypto users to report, map and recover scams

Xerberus, an industry-leading cryptocurrency risk rating protocol, today launched its free crypto scam recovery tool, Siren, following months of rigorous beta-testing and continuous development.

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Men more likely to fall victim to a romance scam, while women lose more money

Barclays is issuing a warning to those looking for love this summer, as Barclays Scams Bulletin data reveals romance scams are on the rise, with the amount claimed in May/June up 139 per cent compared to March/April 2024.

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Lynx to scale AI fraud detection business with NTT Data

NTT DATA, a global leader in business and technology services, today announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection.

/security

Qashier unveils fraud soundbox for QR payments

Fintech startup Qashier today unveiled its QashierPay Soundbox in Malaysia, a revolutionary QR payment terminal designed to elevate the safety and security of digital payments and support businesses as they digitise.

/security

Galileo debuts 3DS customer portal

Galileo Financial Technologies, a leader in financial technology solutions and a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), today announced the launch of Galileo 3D Secure (3DS) Access Control Server (ACS).

/security

Featurespace and OrboGraph collaborate on cheque fraud detection

Global fraud and financial crime prevention company, Featurespace, has partnered with OrboGraph, supplier of check processing automation and fraud detection software and services, to better protect the financial services industry from check fraud.