Key security priorities for financial services: Preventing fraud and data leaks
The banking and financial services sector is struggling with a skills shortage along with the sheer volume of threats and alerts as it continues its ongoing battle against …
Top compliance and risk management challenges for financial organizations
Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to the results of a Wolters Kluwer survey. …
CPoC: New data security standard for contactless payments
The PCI Security Standards Council (PCI SSC) published a new data security standard for solutions that enable merchants to accept contactless payments using a commercial …
How can financial institutions prevent shopping season fraud?
Black Friday and Cyber Monday are two of the years’ busiest shopping days. For consumers and retailers alike, it marks the beginning of the winter holiday shopping season, as …
UniCredit says personal data of 3 million customers was compromised
Italian global banking and financial services giant UniCredit has announced that its cybersecurity team has identified “a data incident” that resulted in the …
Only one quarter of retail banks have adopted an integrated approach to financial crime systems
Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading …
How fraud prevention tech can save banks €10M a year
A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the …
European Central Bank shuts down website following hack, data theft
The European Central Bank (ECB) confirmed on Thursday that its Banks’ Integrated Reporting Dictionary (BIRD) website has been compromised by attackers and taken down until the …
Digital bank Monzo urges customers to change PINs following security breach
Monzo, a UK-based mobile-only bank, has notified a subset of its users that their PINs have been inadvertently leaked into internal log files and were accessible to some of …
Five examples of user-centered bank fraud
In today’s digital-first world, banks and financial service companies need to allow their customers to easily manage money online in order to compete. Unfortunately, most …
Flaws allow attackers to bypass payment limits on Visa contactless cards
Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by researchers Leigh-Anne Galloway and Tim Yunusov at Positive …
German banks to stop using SMS to deliver second authentication/verification factor
German banks are moving away from SMS-based customer authentication and transaction verification (called mTAN or SMS-TAN), as the method is deemed to be too insecure. …
Featured news
Resources
Don't miss
- PHP2Shell: Critical PHP vulnerabilities patched, update now!
- Ransomware gangs have been exploiting Palo Alto GlobalProtect VPN flaw since June
- Info-stealing malware slipped into OVHcloud CLI releases on GitHub
- Privacy-preserving AI can protect your heart data, the bill is the problem
- DevGuard: Open-source vulnerability management for the software supply chain