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Citi and Wells Fargo have joined a $35 million funding round for machine learning-based digital identity verification firm Socure.
25 August 2020
Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud.
US police have arrested dozens of suspects who exploited a bug in Santander ATMs to cash out funds using fake and prepaid debit cards.
21 August 2020
Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to line their pockets.
Credit brueau Experian has suffered a data breach that exposed the personal details of 24 million South African consumers and almost 800,000 businesses.
20 August 2020
Many victims of bank transfer fraud are being treated unfairly or inconsistently when trying to get their money back, a new Which? report reveals, as it presses for the industry reimbursement scheme to be made mandatory.
11 August 2020
Westpac is implementing new scam-detection technology across its branch network to protect against a spike in fraudulent transactions since the start of the Covid-19 pandemic.
10 August 2020
Capital One has agreed to a $80 million fine from US regulators over a 2019 hack which exposed the personal information of more than 100 million customers and applicants.
06 August 2020
Biometric vein mapping from FinGo is to be used by Manchester cocktail bar and restaurant The Alchemist to provide proof-of-age, payments and test and trace capabilities through a simple scan of the user’s finger.
03 August 2020
Ireland's Central Bank has imposed a €1.66m fine on Bank of Ireland (BoI) for a regulatory breach that saw one of its subsidiaries transfer more than €100,000 to a hacker that had illegally accessed a client's email account.
29 July 2020
American banking app Dave says a data breach at third party provider Waydev has exposed the personal information of its 7.5 million users.
27 July 2020
The European Central Bank says EU financial institutions have an over-optimistic view of their IT resilience and resistance to cyber threats owing to an undue reliance on outsourcing and legacy wiring.
24 July 2020
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