Latest Security News: Finextra Research

Savings accounts see huge surge in mule-linked activity

Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.

05 March 2025

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DORA: Learn how to fortify operational resilience at NextGen Nordics

The introduction of the Digital Operational Resilience Act (DORA) in 2022 marked a pivotal shift, requiring financial institutions to bolster their ability to withstand and recover from a range of cyber and operational disruptions. The upcoming NextGen Nordics 2025 event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 promises to be a unique platform for banking professionals and industry leaders to explore how DORA is reshaping the financial ecosystem, focusing on operational resilience, cybersecurity, and the future of innovation in the sector.

04 March 2025

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UK Finance warns businesses to stay alert to tax year end scams

As the tax year end approaches, UK Finance’s Take Five to Stop Fraud campaign is urging businesses to stay vigilant against CEO and mandate scams – key tactics used by fraudsters to target businesses.

04 March 2025

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Lloyds Banking Group patents AI-powered cybersecurity tech

Lloyds Banking Group has secured a patent for the Global Collaborations Engine (GCE), that uses intelligent algorithms to identify cyberthreats instead of false positives.

03 March 2025

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Cybercrime is national security risk – Google Cloud execs detail prevention strategies

Finextra spoke to leaders at Google Cloud: Nick Godfrey, senior director and global head, office of the CISO, and Jamie Collier, lead threat intelligence advisor (Europe), on how cybersecurity has evolved an what new threats are emerging in the financial crime landscape.

28 February 2025

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SEC drops another crypto case

The main financial regulator in the US has dropped its investigation against a crypto exchange, adding further credence to the notion that there has been a seismic shift in the US's regulation of decentralised finance (DeFi).

26 February 2025

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Taurus launches private token standard for banks

Swiss blockchain startup Taurus has released what it describes as an open-source token standard for debt and equity transactions in a move designed to boost the digital assets market.

25 February 2025

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Bybit wallet hack sees crooks nab $1.4bn in ETH

Crypto exchange Bybit says hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets.

21 February 2025

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Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

21 February 2025

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SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

20 February 2025