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252 Results from /security, 2016

/security

Finextra's 2016 in review

As Finextra pulls the shutters down on 2016, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 3 January 2017.

/security

Hole-in-the-wall gang get 43-year jail stretch

Four men who caused a series of explosions and fires at cash machines have been jailed for a combined total of more than 43 years.

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Guilty trader 'refuses' to turn over stolen software

An ex Goldman Sachs trader who stole software from his employer has disobeyed a judge's order to turn over the stolen intellectual property so that he can profit from it upon his release, a London court heard

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Turkey's Akbank facing $4m liability after hack

One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, according to Reuters.

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Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

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Visa and Mastercard strike wallet tokenisation deal

Bitter rivals Visa and Mastercard have struck a deal that lets each firm's digital wallet service request the other's tokenised payment credentials.

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JP Morgan hack suspect returns to US to face justice

Joshua Aaron, the US fugitive suspected of carrying out the largest ever cyber attack on Wall Street, has returned to the US to face trial after hiding out in Russia for more than 18 months.

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Sumitomo Financial Group trials facial recognition tech

Sumitomo Financial Group is testing facial recognition technology from NEC on purchases made by employees at its banking and cards operations.

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Nasdaq Stockholm and Nasdaq Clearing carpeted over cyber risk management

Nasdaq Stockholm and its derivatives clearing operation have been hit with a Skr55 million fine by Swedish regulatory authorities for serious deficiencies in the management of cyber risks.

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Tesco Bank left itself vulnerable to fraud by using sequential card numbers - FT

Tesco Bank may have left itself open to fraud by issuing debit cards with sequential numbers, according to a report by the FT.

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Citi fintech unit taps agile methodologies to craft new mobile app

Citibank is rolling out a new mobile app that combines banking, wealth management and money movement features on a single biometrically-secured application.

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EBA bends under weight of PSD2 mandates

The European Banking Authority is struggling to keep pace with the timetable for the delivery of Regulatory Technical Standards (RTS) for the revised Payments Services Directive (PSD2), after being overwhelmed by the large volume of responses to market consultations.