Coincover Launches Protected Co-Signing for Ultimate Transaction Protection
- 1 week 4 days ago
- Cybersecurity
Coincover, the blockchain protection company, today announces the launch of its Protected Co-Signing product to reduce the risk in digital asset transactions further.
Barclays Urges Action as Investment Scams Rise by 29 Per Cent – With 6 in 10 Falling Victim on Social Media
- 1 week 4 days ago
- Cybersecurity
Investment scams accounted for a third (33 percent) of all money customers lost to scammers in 2023, up 23 percent year-on-year, according to Barclays data. Of all scam types, investment scams made up the greatest share of total claim values, with the volume of investment scams increasing by almost a third (29 percent).
Cytora and DynaRisk Partner to Help Insurers Understand and Reduce Cyber Risk
- 1 week 5 days ago
- Cybersecurity
Cytora, the leading digital risk processing platform, has partnered with cybersecurity company DynaRisk.
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
- 2 weeks 5 days ago
- Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between MAS and Mastercard in:
PXP Financial Leverages Mastercard Tech to Fight Fraud
- 2 weeks 6 days ago
- Cybersecurity
PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, today announced it has received accreditation to become a Token Service Provider by global technology company Mastercard.
Silent Eight Announces Expansion of Partnership with HSBC To Provide Transaction Screening Solutions
- 2 months 6 days ago
- Cybersecurity
Silent Eight, a leading Regtech firm specializing in partnering with major financial institutions to drive efficiency, increased accuracy, and adaptability within their financial crime programs, today announced the expansion of its relationship with HSBC to implement Automated Alert Closure for Transactions automated investigation, and resolution of alerts in real-time.
Banks Can Tackle Financial Fraud by Using New Homomorphic Encryption Technology
- 2 months 1 week ago
- Banking, Cybersecurity
Criminals successfully stole over half a billion pounds over a period of just six months in 2023 through fraud, according to new research from UK Finance. The threat of fraud, coupled with the various regulatory demands placed on banks and financial institutions, means protecting customers and their data from outside threats is an increasingly tall challenge.
Nexo Partners with Sift to Protect Against Digital Risk & Streamline User Experience
- 2 months 1 week ago
- Cybersecurity
Nexo, the leading institution for digital assets, announced a partnership with Sift, the Leader in Digital Trust & Safety.
Revolut Launches AI Feature to Protect Customers from Card Scams and Break the Scammers "Spell"
- 2 months 2 weeks ago
- Artificial Intelligence, Cybersecurity
Revolut, the UK’s leading fintech with more than 35 million customers worldwide, has today announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience an added layer of security protection, on top of the technology already in place, to detect APP (Authorised Push Payment) scams, where criminals trick the user to get them to transfer money to another account.
FCA Stops Thousands of Misleading Ads and Promotions
- 2 months 2 weeks ago
- Cybersecurity
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17%, year-on-year. The FCA also published 2,285 alerts to help prevent consumers from losing their money to scams, up from 1,800 in 2022.
Revolut Data Reveals Meta Platforms Remain ‘Hotbed’ for Scams; Warns Customers to Avoid Get-rich-quick “Investment Opportunities”
- 2 months 3 weeks ago
- Cybersecurity, Fraud Detection
Revolut, the financial global super app with over 35 million customers around the world, and 8+ million in the UK, has announced its latest scam data for 2023, revealing that the majority of all its reported scam cases in the UK started on Meta platforms (Facebook, Instagram, Whatsapp).
Mastercard Supercharges Consumer Protection with Gen AI
- 2 months 3 weeks ago
- Artificial Intelligence, Cybersecurity
As fraudsters increasingly exploit technology to try to thwart banks and their customers, Mastercard is adopting generative AI techniques to enhance the protections that keep consumers – and the entire payments network – safe.
Acronis Joins Microsoft Intelligent Security Association (MISA)
- 2 months 3 weeks ago
- Cybersecurity
Acronis, a leading provider of cyber protection, today announced it has become a member of the Microsoft Intelligent Security Association (MISA), an ecosystem of independent software vendors (ISV) and managed security service providers (MSSP). MISA members have integrated their solutions with Microsoft security technology to build a better defense against a world of increasing cybersecurity threats.
The Sophistication of Cybercriminals Intensifies with Emerging Strategies for Cashing in or Causing Chaos
- 3 months 5 days ago
- Cybersecurity
While tried and true tactics like phishing and malware are here to stay, there are always new approaches to watch out for in the cybersecurity space. Experian’s 11th annual Data Breach Industry Forecast includes six predictions for 2024 that focus a global lens on what savvy moves cybercriminals from near and far will potentially make to penetrate organizations and reap rewards.
