Tag: cybersecurity

February 1, 2018

Credit reporting service Equifax launched a consumer mobile app yesterday, an app that would allow users to lock credit access via mobile — that is – if it would stop freezing and glitching in the middle of processing such requests. […]

April 12, 2017

Swift has unveiled a new real-time payment controls service to add to its customers’ existing fraud controls. The new fraud and cybercrime prevention service will enable its customers to screen their payment messages according to their own chosen parameters, “enabling […]

April 10, 2017

Fintechs are becoming more entrenched into the financial ecosystem, with the majority of banks now firmly on the side of collaboration, rather than conflict. More than 80% of financial incumbents anticipate developing more partnerships with fintechs in the next five […]

March 21, 2017

Deutsche Bank has opened an innovation lab in New York, its fourth globally. The lab is part of its five-year plan for €1 billion investment in digital initiatives. It is sited in Lower Manhattan’s Fulton Center and will explore new […]

February 21, 2017

Customer authentication processes at banks have evolved from mere security questions and “date-of-birth” kind of passwords. Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Bank, recognizing that, has set a target: removing passwords “altogether” from […]

January 17, 2017

A new year means new banking trends. And while no one can predict all the ups and downs of the economy, leading financial experts have some specific ideas about what 2017 will mean for banking. From new technologies to rising […]

November 9, 2016

Tesco Bank has refunded £2.5 million to 9,000 customers who had money stolen from their accounts by fraudsters over the weekend. It has also resumed “normal services” following the temporary suspension of online transactions from current accounts (“to prevent criminal […]

November 7, 2016

UK-based Tesco Bank has revealed that 20,000 of its customers had up to £2,000 stolen from their accounts in a cyberattack. As a result, all online transactions have been frozen for 24 hours until the situation is bank “under full […]

September 27, 2016

Swift has committed to help its members combat the cyber threat “in challenging times”, delegates heard during yesterday’s opening plenary session. Security will be a feature every day of the conference because “the cyber threat is here to stay”, said […]

August 17, 2016

Current and former executives and managers of Swift, say for years the organisation suspected there were weak points in the way smaller banks used its messaging terminals – but did not address the issues, according to Reuters. In a lengthy […]

May 4, 2016

Some workers at U.S. Bank had their stolen identities used to file fraudulent tax returns through human resources software firm ADP, according to cybersecurity blogger Brian Krebs. About 2 percent of U.S. Bank’s more than 67,000 employees had their tax […]

February 12, 2016

How will federal banking regulators respond to growing criticism of the Cybersecurity Assessment Tool issued by the Federal Financial Institutions Examination Council? There is no formal response yet, but the Federal Deposit Insurance Corp. has issued a new publication that […]