Banking
Cryptocurrency EU to consider issuing public digital currency
The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook …
Banking Revolut robot response shocks banking fraud victims
Gavin Rennick had £46,000 stolen from his Revolut bank account by scammers in just 24 hours. He did not expect …
News Victims of authorised push payment scams to be reimbursed by banks from May
From May this year, victims of authorised push payment scams in the UK will have a greater chance of being …
News Personal & banking info of HSBC customers stolen in major data breach
HSBC Bank announced yesterday it suffered an incident of data breach in October that involved unnamed hackers gaining access to …
News How a North Korean hacking group has been stealing money from ATMs
The North Korean APT hacking group, Hidden Cobra, which is believed to be working for the North Korean government has …
Threats Authorised push payment scams cost the UK over £236 million in 2017
Authorised push payment scams carried out by cyber criminals helped them steal £236 million from UK consumers in 2017 and …
News Barclays and RBS Group asked for full description of technical meltdown
After Barclays and RBS Group systems suffered a meltdown at the end of last week, the Treasury Committee has demanded …
News Flaw in Fiserv’s web platform exposed bank account details of millions
Fiserv, a Fortune 500 firm and a provider of technology services to hundreds of banks and other financial institutions, featured …
Threats Banks must not blame customers for financial scams, says financial ombudsman
Banks need to do more to help customers who have lost valuable money to sophisticated fraud and scams carried out …
Cyber crime Know your customer: Tackling the anti-money laundering alert overload
By Andrew Davies, VP, Global Market Strategy, Financial Crime Risk Management, Fiserv This summer saw the introduction of the fourth …
News The great Deloitte dumpster fire…
Deloitte have been caught out. Caught out for not practising what they preach. Caught out for not following the steps …
News Will PSD2 prove to be a cyber security nightmare for banks?
In 2018, the PSD2 (Revised Payment Service Directive) comes into force and while it will break a bank’s monopoly over …
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