French IT service group Atos has made an unsolicited offer to acquire Gemalto for EUR4.3 with the aim of creating a European powerhouse in cybersecurity and payments services.
Financial services giants American Express, HSBC and JPMorgan Chase have all joined a $40 million Series C funding round for "malware isolation" outfit Menlo Security.
A previously unreported Russian-speaking crime ring has looted $10 million from 20 successful attacks on financial institutions and legal firms in the USA, UK and Russia over the past two years.
Researchers at Birmingham University have been working with UK banks and the Government's National Cyber Security Centre to fix a flaw in banking apps that could have left millions of customers vulnerable to fraudulent hacks.
A digital ID startup backed by BBVA has launched a mobile app that uses biometrics and private key technology to help users securely store, share and verify their identities and documents.
PayPal says it has identified a potential compromise of personally identifiable information for approximately 1.6 million customers of TIO Networks, the bill payment platform it acquired for $233 million in July.
Barclays Bank is to stop offering free Kaspersky anti-virus software to customers after heeding unsupported official suspicions that the Russian kit could be used by the Kremlin to spy on Government departments.
The final day of SOFE 2017 was dominated by the topic of cyber security. The closing plenary covered three key elements to this challenge: the evolution of the threat landscape, new technology and the evolution of Swift's Customer Security Programme (CSP), and the regulatory perspective.
Cyber-crooks have significantly upped their game in the last 18 months, developing sophisticated new tools and techniques to hack into bank systems, warns a new report from Swift.
The Independent Community Bankers of America (ICBA), which represents 5700 institutions, has filed a lawsuit against Equifax for its recent breach of 145.5 million consumer records and 209,000 payment cards.
© Finextra Research 2017