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Latest Results from /security

/security

Survey suggests boom in banks' cloud adoption

The vast majority of financial services firms are accelerating their investment in cloud technology, suggests a recently released survey.

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Nationwide taps Microsoft and Accenture for GenAI-powered cybersecurity

Nationwide Building Society has enlisted Microsoft and Accenture for an AI-powered overhaul of its cybersecurity operations.

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FCA closes 1600 websites in fight against financial crime

Over 1600 websites suspected of promoting financial services without permission were suspended, removed or blocked in 2024 because of the UK's Financial Conduct Authority.

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Over half of people who have acted on social media financial advice have lost money

Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result.

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Mastercard applies AI to stem card reissuance fraud

Mastercard is rolling out Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East and Africa (Eemea) region.

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Australian banks launch nationwide Confirmation of Payee scheme

Australia's banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals.

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CommBank deploys batallion of AI-powered bot profiles to chat with scammers

Australia's CommBank is turning the table on scammers, launching a fleet of thousands of AI-generated bot profiles to engage with and disrupt criminal networks fleecing consumers.

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NAB charged $751,000 in penalties for breaching consumer data protection rules

National Australia Bank (NAB) has paid A$751,000 in penalties after being issued four infringement notices from the Australian Competition and Consumer Commission (ACCC) for not complying with the Consumer Data Right (CDR) Rules.

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UBS employee details leaked in cyberattack on data provider Chain IQ

Swiss bank UBS has fallen victim to a cyberattack at a vendor that leaked the personal details of tens of thousands of employees.

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Bank of England accused of 'blundering' to security disaster as hundreds of laptops go missing

The Bank of England has been castigated for losing hundreds of laptops and phones amid an escalating cyber threat.

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GrailPay raises $6.7 million for remedial ACH platform

GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster.

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Industry associations highlight cybersecurity risks at US regulatory agencies

Four industry trade associations have called for significant reforms to how federal financial regulators handle sensitive data following a data breach at the Office of the Comproller of the Currency that exposed over 148,000 private correspondences containing sensitive supervisory information about US financial institutions.