Cyber Security

30 Jan 20 @ 16:35

Two years ago, opportunity for the FinTech community was abound with the arrival of Open Banking. And while the initial uptake was slow to materialise, we are now finally realising... read more

29 Jan 20 @ 17:15

In a fascinating report, 93% of total mobile transactions in 20 countries were blocked as fraudulent in 2019 according to a report on the state of malware and mobile ad... read more

22 Jan 20 @ 19:12

According to DLA Piper‘s latest GDPR Data Breach Survey, data protection regulators have imposed €114 million (approximately $126 million or £97 million) in fines under the GDPR regime for a wide range of... read more

17 Jan 20 @ 09:09

Equifax’s failure to patch a known web application security flaw—that later proved to be the root cause of the its massive data breach in 2017—is $1.38 billion. Equifax has agreed... read more

13 Jan 20 @ 17:58

Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... read more

09 Jan 20 @ 20:43

The cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and is a warning that financial services firms need to step up their security, according to... read more

08 Jan 20 @ 14:12

JPMorgan has become the first major bank to crack down on FinTech apps using customer passwords to access their bank accounts, forcing tougher security standards via token after Jamie Dimon... read more

08 Jan 20 @ 13:31

In a sensible setback, the Australian Competition & Consumer Commission (ACCC) has delayed the roll out of  Open Banking reforms in Australia by six months, because of the consumer regulator’s... read more

07 Jan 20 @ 15:19

On Thursday the 2nd January the Travelex sites went down after the foreign currency service discovered it had been hit by a software virus. The company said it had immediately... read more

07 Jan 20 @ 12:45

Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise... read more

06 Jan 20 @ 13:28

The Digital Revolution is changing our lives every day, but human nature does not change, and with every technological advance, new crimes emerge. As digital makes deeper inroads into our... read more

10 Dec 19 @ 12:02

In 2020, financial threats motivated by cyber actors may start to target investment apps, online financial data processing systems and upcoming cryptocurrencies, along with providing paid access to banks’ infrastructures... read more