PXP Financial Leverages Mastercard Tech to Fight Fraud
- 1 year 3 months 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
- 1 year 4 months 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
- 1 year 4 months 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
- 1 year 4 months 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"
- 1 year 4 months 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
- 1 year 4 months 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Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17%, year-on-year.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”
- 1 year 5 months 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
- 1 year 5 months 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)
- 1 year 5 months 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
- 1 year 5 months 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.
Fidesmo Integrates to Mastercard’s Token Connect and Partners with German Neobank VIMpay
- 1 year 5 months ago
- Cybersecurity, Fraud Detection
Fidesmo, a leader in providing secure and convenient contactless services, is proud to announce the successful completion of its integration between Fidesmo Pay and Mastercard’s Token Connect service, also known as MDES Token Connect. This pioneering partnership sets the stage for a new level of security and convenience in digital payments and marks Fidesmo Pay as the first tokenization platform for passive wearables to successfully implement... more
Acronis Redefines Cybersecurity Landscape with Native Integration of Advanced Security and EDR Technologies
- 1 year 5 months ago
- Cybersecurity
Acronis, a global leader in cyber protection, today announced a groundbreaking advancement with the native integration of its Advanced Security and Endpoint Detection and Response (EDR) solutions.
Softcat Reveals Cyber Security is Top IT Priority for the Financial Sector in 2024
- 1 year 6 months ago
- Cybersecurity
A new report by leading providers of IT infrastructure, Softcat, offers a look into the technologies the financial sector is prioritizing over the next 12 months.
S-RM Releases Free Open-source Digital Forensic Incident Response Tool to Support Cyber Security Community
- 1 year 6 months ago
- Cybersecurity
In the ever-changing landscape of cyber security incident response, response time is vital. S-RM, a leading global cyber security consultancy, is proud to release “Wiskess,” a groundbreaking open-source Digital Forensic Incident Response (DFIR) tool developed by Gavin Hull, Associat
