Latest Security News: Finextra Research

Burbank goes live with online tap and PIN payments

A Welsh fintech startup has developed a novel way to combat card-not-present fraud - by migrating offline tap and pin payments to the e-commerce realm.

18 March 2025

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Singapore authorities warn of rise in deepfake corporate video calls

Singapore authorities are warning businesses of a rise in scam video calls which use deepfake AI to impersonate business bosses with the aim of duping employees into transferring funds to criminal accounts.

13 March 2025

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Visa says new anti-scam unit thwarted $350 million in attempted fraud

Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.

12 March 2025

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Exciting lineup revealed: Meet the first 10 speakers for NextGen Nordics

The Nordic payments ecosystem is among the most innovative and forward-thinking in the world. As digital payments continue to evolve and transform the financial landscape, it is crucial to have experts who can guide and shape this transformation. The following individuals — confirmed speakers for NextGen Nordics 2025 at Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 —are recognised leaders in the Nordic payments industry, and their expertise makes them the best speakers on trends within this space.

12 March 2025

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BaaS platform Synctera raises $15m

Banking-as-a-Service player Synctera has raised $15 million in funding and signed online checkout giant Bolt as a customer.

12 March 2025

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North Korean hackers cash out $300 million from ByBit heist

North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange.

11 March 2025

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Eurosystem to offer Sepa-wide VoP scheme

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

11 March 2025

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US consumer fraud losses top $12.5bn in 2024

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

11 March 2025

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Nubank partners OpenAI to smooth customer experience

Brazil's Nubank is working with OpenAI on a host of services and features for its 114 million customers.

11 March 2025

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87% encountered AI-driven cyberattacks in 2024 - SoSafe

SoSafe’s report explores the global tension between AI adoption and the associated security risks, highlighting the views of 500 global security professionals and 100 SoSafe customers across 10 countries.

07 March 2025

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FS-ISAC offers payment card industry guidance on quantum computing risks

With work on quantum computing gaining momentum, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has issued guidance to help the payment card industry mitigate risks posed by the technology.

06 March 2025

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PayPal scammers adopt Docusign API to con customers

PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.

05 March 2025

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