Nine British Banks Sign Up to New AI Tool for Tackling Scams
Mastercard has launched sales of an artificial intelligence-based tool with which financial institutions can record customers’ attempts to transfer money to fraudsters.
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HSBC Tests Quantum Tech in London to Guard Against Hacks
HSBC Holdings Plc will be the first British financial institution to test an advanced data protection system.
US Patent and Trademark Office Notifies Filers of Years-Long Data Leak
In the United States, a federal government agency that issues patents and trademarks has confirmed information that this organization inadvertently disclosed the personal addresses of about 61 thousand applicants.
Sardine Launches Anti-Fraud Consortium of Financial Institutions and FinTechs
Sardine, a company that specializes in preventing fraudulent activity, has created an independent consortium to combat similar crimes committed in the field of payments.
Resistant AI Raises $11 Million for Security Solutions
The Resistant AI company announced the raising of new investment funds.
American Hospitals Suffer Increase in Cyberattacks
In the United States, an aggravation of the problem of cyberattacks on hospitals has been recorded.
JPMorgan Expects Cybersecurity Industry to Benefit from Generative AI
JPMorgan experts believe that in the IT industry, security in the virtual space will remain the most financially costly sector in the foreseeable future.
Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Fintech company Jack Henry has launched a fraud prevention feature based on artificial intelligence in real-time.
Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
OpenAI Launches Cybersecurity Grant Program
The goal of the new OpenAI program is to facilitate the development of AI-powered cybersecurity capabilities for defenders through grants and other support
BIS Successfully Tests Quantum-Safe Financial Communications
The BIS Innovation Hub Eurosystem Centre in partnership with European banks has successfully set up a quantum-safe communication channel that shields financial data
Atomic Wallet Users Lose for $35 Million Worth of Bitcoin, Ether, Tether and Other Tokens
Atomic Wallet reported on Monday, June 5, that less than 1% of its users who are active on a monthly basis suffered financial damage as a result of a hacker attack recorded last weekend.
FinTech Australia and FDATA Call For CDR Roadmap
The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).
NYDFS Fines OneMain for Cybersecurity Violations
Financial Services Superintendent Adrienne A. Harris announced that OneMain Financial Group LLC was fined $4.25 million for cybersecurity violations.
Biometric Payment Cards Launch in Kuwait
The customers of Kuwait International Bank (KIB) can now benefit from the convenience and ease of use of a contactless payment card supplemented with the security of biometric authentication
FTC Says Biometric Surveillance Threatens Civil Rights
The Federal Trade Commission (FTC) has stated that the increased use of biometric data entails risks related to privacy, security, and discrimination.
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