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leak
Digital bank Monzo urges customers to change PINs following security breach

Monzo, a UK-based mobile-only bank, has notified a subset of its users that their PINs have been inadvertently leaked into internal log files and were accessible to some of …

criminal
Five examples of user-centered bank fraud

In today’s digital-first world, banks and financial service companies need to allow their customers to easily manage money online in order to compete. Unfortunately, most …

contactless payment
Flaws allow attackers to bypass payment limits on Visa contactless cards

Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by researchers Leigh-Anne Galloway and Tim Yunusov at Positive …

authentication
German banks to stop using SMS to deliver second authentication/verification factor

German banks are moving away from SMS-based customer authentication and transaction verification (called mTAN or SMS-TAN), as the method is deemed to be too insecure. …

IoT
Global IoT market projected to reach $1111.3 billion by 2026

Organizations around the world are increasingly adopting advanced technologies, which is driving the global Internet of Things (IoT) market. Fortune Business Insights in a …

architecture
Only 12% of banks appear to be fully committed to digital transformation

The US$1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the …

vault
Open banking establishes new access to banks’ networks, creating additional security issues

As more markets adopt open banking — which mandates banks to open their systems to third parties — it will be increasingly critical for banks to ensure the security of not …

finance
Which cyber threats should financial institutions be on the lookout for?

Banks and financial services organizations were the targets of 25.7 percent of all malware attacks last year, more than any other industry, IntSigths revealed in their latest …

consumer
Consumers trust banks most with their personal data, 68% still fear identity theft

People trust banks and other financial entities to safeguard their personal data more than other organizations. New nCipher Security research also illustrates how easily that …

credit card
Banks continue to prioritize risk management over customer convenience

Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are …

keys
Cybercriminals are increasingly using encryption to conceal and launch attacks

In this Help Net Security podcast, Deepen Desai, VP Security Research & Operations at Zscaler, talks about the latest Zscaler Cloud Security Insight Report, which focuses …

mobile payment
90% of consumers value additional security measures to verify mobile-based transactions

A strong majority of US adults value additional security measures for mobile transactions, with 90% reporting they would want the ability to approve some or all mobile device …

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