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News and resources on cyber and physical threats to banks and fintechs worldwide.

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Survey finds UK shoppers are frustrated with SCA

Survey finds UK shoppers are frustrated with SCA

More than a third of UK shoppers have been unable to complete an e-commerce transaction because of new strong customer authentication (SCA) rules, according to a survey for Signifyd.

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Ant Group open sources privacy software

Ant Group open sources privacy software

Money 20/20: Why embedded finance is the key to driving financial inclusion

Money 20/20: Why embedded finance is the key to driving financial inclusion

CBA boosts AI tech for scam protection

CBA boosts AI tech for scam protection

UK Finance reveals huge rise in APP fraud

UK Finance reveals huge rise in APP fraud

Caceis recruits Taurus for digital custody offering

Caceis recruits Taurus for digital custody offering

India proposes tougher IT outsourcing rules for banks

India proposes tougher IT outsourcing rules for banks

Cash trap crims get four year jail terms

Cash trap crims get four year jail terms

Flagstar Bank hackers steal data on 1.5 million customers

Flagstar Bank hackers steal data on 1.5 million customers

Crook jailed for selling software to compromise bank accounts

Crook jailed for selling software to compromise bank accounts

Fidor Bank to test fingerprint cards

Fidor Bank to test fingerprint cards

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[Webinar] Mainframe Modernisation: The Cloud Shift[Webinar] Mainframe Modernisation: The Cloud Shift
Security blogs
Information Security  

Here’s why (and how) the world should remove the need for passwords

René Hendrikse

René Hendrikse - Mitek - Amsterdam

 

During this War on Fraud, Armour Up and Bring Your Shield

Caris Jackson

Caris Jackson - UTP Merchant Services Limited - St Leonards On Sea

Business  

Detecting and Responding to Threats Fast: Building a SOC with Limited Resources

Kevin Eley

Kevin Eley - LogRhythm - London

Biometrics  

Biometric payment cards: Benefits, misconceptions, and future adoption

Michel Roig

Michel Roig - Fingerprints - Malmö

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Latest TV
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Money 20/20: Why embedded finance is the key to driving financial inclusion

Money 20/20: Why embedded finance is the key to driving financial inclusion

Mikkel Velin, Founder & CEO of YouLend, speaks at Money 20/20 about the main differences between data points used by traditional finance applications and newer, progressive data points, where these new data points come from and how embedded finance enable these new risk modelling techniques, how this is driving financial inclusion for SMEs in 2022, and how the platforms SMEs use, such as e-commerce platforms or payment service providers are benefitting too.
EBAday 2022: Supporting harmonisation of KYC requirements

EBAday 2022: Supporting harmonisation of KYC requirements

The Euro Banking Association is contributing to standardised and digitalisable KYC processes for corporate customers and banks. EBA Secretary General Thomas Egner reports on a first important deliverable towards a more uniform customer experience across Europe.
Money 20/20: A New Perspective on Securing High Value Digital Interactions

Money 20/20: A New Perspective on Securing High Value Digital Interactions

Matthew Moynahan, CEO at OneSpan, speaks at Money 20/20 on current digitization trends in financial services and the reasons why security needs to be woven seamlessly through the customer journey. Hear Matt discuss the top requirements for conducting business in today’s hyperconnected digital world, including the ability to verify the identity of a customer, authenticate users, and ensure that hybrid and virtual engagement models are secure and compliant.
Money 20/20: How blockchain analytics can be built into business models

Money 20/20: How blockchain analytics can be built into business models

Marina Khaustova, CEO, Crystal Blockchain, speaks at Money 20/20 about how the crypto space can move to being AML complaint, how crypto regulation is going to evolve over the next few years, the impact of sanctions, and how blockchain analytics can be built into a business model.
The long read
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Madhvi Mavadiya

Differentiation in the digital economy: a new wave of risk management innovation

Madhvi Mavadiya - Finextra Research
Discussion
Sustainable finance, data, and technology: The way forward for a climate resilient future
Richard Peers

Richard Peers

  excellent a must read

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UK Finance reveals huge rise in APP fraud
Ketharaman Swaminathan

Ketharaman Swaminathan

  Sympathies for the victims and all that but what did they expect when they handed over their online banking creds to callers? In all the kerfuffle about identity, confirmation of payee, etc., we forget one basic human behavior trait: Even if the caller were a genuine bank employee, there will be too much temptation when they get the customer's banking creds. That's precisely why banks limit access to customer accounts on a strictly need-to-know basis among their employees.

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Fidor Bank to test fingerprint cards
Hayden Kaya

Hayden Kaya

  Didn't NatWest pilot this back in 2019, wasn't sure on the use case back then and still not sure given the rise in mobile wallet paymets and increases in contactless limits (in the UK at least)

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How to take ownership of SCA by understanding Authentication vs. Authorisation
Ketharaman Swaminathan

Ketharaman Swaminathan

  Great post. SCA in the form of 2FA / 3DS has been a thing in India for 15 years. It's "one size fits all". Exemption is not a thing. Going by that sole experience of SCA, I didn't know 3DS has a good degree of flexibility. 2FA has been a conversion killer in India, with failed payments touching 40% at their peak. Going by the nuanced implementation of SCA in EU, I no longer feel it might be a recipe for disaster as I'd thought so far.

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Featured
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NatWest launches Confirmation of Payee API for business customers

NatWest launches Confirmation of Payee API for business customers

Google brings virtual cards to Chrome and Android

Google brings virtual cards to Chrome and Android

Nationwide stops 2000 more frauds a month with SCA rules

Nationwide stops 2000 more frauds a month with SCA rules

UK to introduce new rules to preserve cash and reimburse fraud victims

UK to introduce new rules to preserve cash and reimburse fraud victims

The long read
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Elizabeth Meade

Ransomware attacks: Should ransom payments to hackers be banned in the UK under legislation?

Elizabeth Meade - Senior Associate, Cooke, Young & Keidan LLP
Elsewhere...

  1. Business Insider

    Deutsche Bank feared Russia would plant spies among IT workers it relocated to Berlin, report says

  2. Markets Insider

    Warren Buffett says he wouldn't pay $25 for all the bitcoin in the world

  3. The Guardian

    Beanstalk cryptocurrency loses $182m of reserves in flash ‘attack’

  4. New York Times

    Fraud is flourishing on Zelle. The banks say it is not their problem

  5. The Guardian

    ‘Heist of the century’: US bitcoin case tests ability to crack down on cybercrime

The long read
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Hamish Monk

The future of payments: Perfecting payments protection

Hamish Monk - Writer - Finextra