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Latest Results from /security

Retired Member

Retired Member

The UK’s moment to lead digital verification: A roadmap to economic growth and financial security

Following London Tech Week, the spotlight is on the technologies shaping our future, and one of the most important is digital verification. With more of our lives happening online, from banking to healthcare to everyday shopping, the need for secure, reliable ways to prove who we are has never been greater. That’s why digital verification is high ...

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Luke Stubbs

Luke Stubbs Partner at Shoosmiths LLP

Mitigating cyber-risks in outsourcing: Contract strategies for compliance and protection

A clear and present danger In recent years, several prominent UK businesses have faced significant technology and cybersecurity challenges and the consequences of data protection breaches. For example, in October 2023, the Financial Conduct Authority (FCA) fined Equifax over £11 million for failing to manage and monitor the security of UK consumer ...

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Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

Ensuring operational resilience in 2025 – why the status quo no longer works

Operational resilience is on all UK payments leaders’ minds. In 2024, 95% of business leaders stated that they’re aware of operational weaknesses which leave them vulnerable, yet 48% said their organisations aren’t doing enough to improve resilience. The European Union (EU)’s Digital Operational Resilience Act (DORA) – having come into effect on 17...

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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

A crisis of trust: European and global verification brings safety to payments

Verification of Payee (VoP) has rapidly become an essential aspect of banking and payments, ensuring security and safety in payments transactions. By October 2025, all European Payments Service Providers (PSPs) using SEPA instant and non-instant transfers will need to verify payee account details before processing payments. As the EPC’s deadline is...

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Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

New treasury pro survey shows fraud's penetration into US financial services

There’s hope in them thar hills… or, at least, with some of the responses showing dips among several new peaks in one of the US financial service arena’s largest and longest running annual payments fraud surveys. These insights from treasury colleagues across the country might not be worth their weight in gold. In fact, though the results include m...

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Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Where’s the first stop for financial trust? Our guts!

As we outlined in a previous Finextra story, financial services ‘schemers’ and ‘scammers’ can come in many different shades. Indeed, victims of online fraud and illegal schemes lose money every day to not just criminals and nefarious enterprises, but also to supposedly ‘above-board,’ legitimate products and their purveyors. To help avoid non-crim...

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Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

How to avoid online scams and hype: Is reading the ‘fine print’ enough anymore?

Why do people keep losing money from schemes, scams, and ‘too good to be true’ offers in what is probably one of - if not the most - heavily regulated sectors of the economy? 2024 saw a continuing increase in fraudulent scams and a parade of disappointing (or damaging) online product offerings, including in the financial services marketplace. As...

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Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Cyber-attack case studies: Data, costs, and solutions

Invite 165 or so treasury managers and other financial leaders and practitioners in a room, tell them you’re going to put them through a cyber-attack simulation, and advise that their actions will directly influence the exercise’s ultimate outcomes. Will they agree to do it? Of course they will! Especially since, according to an IBM study cited...

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Níamh Curran

Níamh Curran

How to pick a 3-D Secure provider

Amid increasing ecommerce sales, changing consumer expectations, and regulatory shifts, payments issuers and processors need to continually evolve to decrease risks from card not present (CNP) transactions and customer authentication process. As the number of online payments grows, organisations are at increased risk of loss as a result of CNP frau...

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Retired Member

Retired Member

How FSI companies can leverage AI to enhance cybersecurity

With generative AI, UK financial services companies have an opportunity to unlock new possibilities through innovation, which can help them boost their resilience amid increasing cybersecurity threats. This will help them to better serve customers, increase growth and contribute to the country becoming an AI global leader. The financial services i...

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Hamish Monk

Hamish Monk Senior Reporter at Finextra

How to recover from a data breach

On 7th May, several China-sponsored cyber-attacks on the Ministry of Defence (MoD) compromised data from its outsourced payroll system, SSCL (a subsidiary of Paris-based Sopra Steria) – exposing the names and banking information of 270,000 past and present military personnel from the Royal Navy, Army, Royal Air Force. In the wake of this news, Fin...

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Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

5 common types of data breaches in the financial sector

Global cybercrime is thriving. The 2023 UK Cyber Security Breaches Survey found that over the last 12 months, 32% of businesses have experienced a data breach, with that number climbing to a stunning 69% for large businesses. The financial sector is a popular target for cybercriminals, and ranks second in the global cyber incident damage statisti...

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