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

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Dark web study reveals Brits are Europe's biggest card fraud victims

Dark web study reveals Brits are Europe's biggest card fraud victims

Research into a dark web database of six million global card details showed only America and India had more payment data stolen than the UK.

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Banks, telecos and Big Tech combine to spy on scammers

Banks, telecos and Big Tech combine to spy on scammers

Trends shaping the State of Financial Crime 2023

Trends shaping the State of Financial Crime 2023

Kuwait International Bank rolls out biometric cards

Kuwait International Bank rolls out biometric cards

Spoofing site fraudster gets 13-year prison sentence

Spoofing site fraudster gets 13-year prison sentence

Australian banks launch Fraud Reporting Exchange

Australian banks launch Fraud Reporting Exchange

Experian unveils US fintech data network to tackle fraud

Experian unveils US fintech data network to tackle fraud

ABN Amro co-leads €11.5 million seed round in ThreatFabric

ABN Amro co-leads €11.5 million seed round in ThreatFabric

UK financial fraud hits £1.2bn but APP losses dip

UK financial fraud hits £1.2bn but APP losses dip

New malware strain hits Eastern Asia

New malware strain hits Eastern Asia

ECEX ensures AML compliance with facial recognition at currency exchage machines

ECEX ensures AML compliance with facial recognition at currency exchage machines

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[Upcoming Webinar] Payments Modernisation: Priorities for 2023[Upcoming Webinar] Payments Modernisation: Priorities for 2023
Security blogs
Banking Regulations  

UK regulators take aim at archaic data management practices

Barry Cashman

Barry Cashman - Veritas Technologies - Reading

Banking Strategy, Digital and Transformation  

What is mPIN code and does it fit in new mobile banking era?

Irina Latushkina

Irina Latushkina - AIROME Technologies - Singapore

Banking Architecture  

Why now is the time to modernise mainframe data

Steven Rackham

Steven Rackham - NetApp - London

Banking Strategy, Digital and Transformation  

Creating Modernised Banks with Great Employee Experiences

Davoud Pourhossein

Davoud Pourhossein - Unisys - Pontefract

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Latest TV
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Trends shaping the State of Financial Crime 2023

Trends shaping the State of Financial Crime 2023

Iain Armstrong, Practice Lead, Regulatory Affairs, ComplyAdvantage, and Alia Mahmud, Practice Lead, Regulatory Affairs, ComplyAdvantage, discuss the key findings in their recent research report on the state of Financial Crime in 2023, offering insights into what financial institutions need to consider regarding reputational risk and exploring the practices that are navigating compliance process challenges.
The future of resilient CBDC systems & cross-border architecture

The future of resilient CBDC systems & cross-border architecture

Beju Shah, Head of Nordic Centre, BIS Innovation Hub, Bank for International Settlements, speaks at NextGen Nordics 2023, about the Hub's latest projects that are looking into creating resilient CBDC systems, building a new architecture for cross-border retail CBDCs, and using data to combat money laundering across firms and boarders.
The Innovation Pushing Digital Identity Forward: Part 2

The Innovation Pushing Digital Identity Forward: Part 2

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series. Continuing their discussion, they examine innovations driving digital identity including blockchain, including blockchain, offline verification of identity, anonCreds, privacy-protecting technology, linked secrets, and zero knowledge proofs.
The Innovation Pushing Digital Identity Forward: Part 1

The Innovation Pushing Digital Identity Forward: Part 1

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series, discussing digital identity, covering the topics of self-sovereign identity (SSI) and Sovrin, verifiable credentials (VCs), the use of blockchain for identity, scalability of blockchain-based identity, and resilience.
The long read
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Anna Roughley

APP scams – are you protected?

Anna Roughley - Head of Insight and Support, LSB
Discussion
Dark web study reveals Brits are Europe's biggest card fraud victims
A Finextra Member

A Finextra member

  Open banking backside? 

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UK financial fraud hits £1.2bn but APP losses dip
A Finextra Member

A Finextra member

  I wonder how much good the teams at 1. Scammer payback, 2. Kitboga, 3. Nanobaiter, 4.Jim Browning, and 5. Wefightfraud.org    many of these are building strong and entertaining presence on Youtube.... this is one way that Social Media is able to help in the fight against fraud.   These channels should be publicised, they are self funding in many cases, using the social media platforms that can be part of the problem.  A relatively small amount of advertising spend or the placement of entertaining Infomercials in the spaces scammers work (Dating/Tech-Refund scams etc) will pay huge dividends... and can highlight real world fraud methodologies in a simple to understand format.... hopefully NOT triples all-round for Scammers this year!

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Customer loses £60,000 to criminal posing as Santander's head of fraud
A Finextra Member

A Finextra member

  An account that had £60k deposited out of the blue should have had a delay/cooling off period to lock the funds - especially if the account did not have a normal trading pattern attached to it.... Your, or My current accounts, business accounts etc will all have a logical pattern of behaviour... this IS a legitimate use for AI to be put to - policing non-typical bank account behaviour  

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Customer loses £60,000 to criminal posing as Santander's head of fraud
Martin Sansone

Martin Sansone

  AML/KYC checks are not always the issue! Too many money mule accounts have zero issues within the AML/KYC process, simply because our current solutions are not robust enough - and the criminal mind easily works around them. Proper collaboration across industries needs to happen with verified responsible data sharing.  The noise around privacy only serves bad actors - and needs to change to a conversation about informed consent.

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Featured
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Sweden's BankID launches digital identity card

Sweden's BankID launches digital identity card

FS giants prep for cyber defence exercise

FS giants prep for cyber defence exercise

Mastercard acquires Swedish cyber-security firm Baffin Bay

Mastercard acquires Swedish cyber-security firm Baffin Bay

Fed governor Waller caught up in porn Zoom-bombing

Fed governor Waller caught up in porn Zoom-bombing

The long read
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Sehrish Alikhan

Lovelorn and conned: Don't give your heart to a fraudster this Valentine's

Sehrish Alikhan - Editorial Assistant, Finextra
Elsewhere...

  1. BBC

    On the hunt for the businessmen behind a billion-dollar scam

  2. Silicon

    Italy bans ChatGPT over personal data risk

  3. Fortune

    JPMorgan is the unlucky owner of the fake nickel uncovered by the London Metal Exchange—really just bags of rocks

  4. BBC

    Thousands may have lost out to crypto trading app

  5. Oversharing

    I loved Monzo, until I got robbed in Berlin

The long read
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Madhvi Mavadiya

The fintech sentiment: Data Privacy Day 2023 and the policies protecting financial services

Madhvi Mavadiya - Finextra Research