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The Monetary Authority of Singapore has gathered a consortium of banks and technology partners to study the application of Quantum Key Distribution (QKD) as a defensive mechanisim against the threat posed by super-fast computing power.
15 August 2024
Crooks are circulating AI-generated deepfake videos of Prince William and UK prime minister Keir Starmer on Facebook and Instagram to dupe viewers into scam cryptocurrency investments.
A prolific cybercriminal operating under the online monicker J.P.Morgan has been arrested following a co-ordinated international police investigation.
14 August 2024
Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.
08 August 2024
Santander has launched a campaign to demonstrate the threat to consumers from 'deepfake' videos circulating on social media platforms.
07 August 2024
Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.
06 August 2024
The UK's National Crime Agency has shut down a platform used by hundreds of criminals to defraud victims across the world through the use of spoofed phone calls.
05 August 2024
JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.
More than 200 cooperative and regional rural banks were briefly cut off from India's retail payments system last week by the National Payments Corporation of India (NPCI) amid concerns that C-Edge Technologies had been hit by a ransomware attack.
We’re excited to go live with Finextra’s new website next week.
02 August 2024
As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.
01 August 2024
Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.
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