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Latest Results from /security

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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.

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Regulators pull the plug on rogue 'finfluencers'

As described by the UK's FCA, finfluencers are "social media personalities who use their platform to promote financial products and share insights and advice with their followers."

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Money 20/20: A spotlight on the fintech reopening access to African markets

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.

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Money20/20: Is the future quantum-ready?

While AI is a buzzword in the fintech space, quantum is being heard more and more frequently in the sector. But what will it accomplish, and more importantly, is the financial services industry ready for it?

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Mastercard achieves 49% e-commerce tokenisation across Europe in one year

A year after announcing its target of 100% e-commerce tokenisation across Europe, Mastercard reports it is almost halfway there.

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Westpac pilots AI assistant to help staff deal with customers who have been scammed

Westpac has built an AI assitant to help support staff deal with customers who think they've been scammed.

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BBVA mobile banking app uses AI to protect users from shoulder-surfing

BBVA has added an artificial intelligence engine to its mobile banking app that hides user's data when it detects when more than one pair of eyes is viewing the screen.

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Poland and Thailand set for palm payment rollouts

Fintech Autopay has rolled out a biometric palm-authentication payment system in Poland. Meanwhile, Chinese tech giant Tencent is eying Thailand as a launchpad for its own biometrics-based payments technology in Southeast Asia.