CFPB Data Breach Exposes Personal Information of 250,000 Consumers and 45 Banks
In the US, the Consumer Financial Protection Bureau (CFPB) informed lawmakers about the data leak.
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Alacriti and Socure Team to Prevent Payment ID Fraud
Payment fintech Alacriti announced the beginning of cooperation with Socure to prevent fraudulent activity committed during instant payments and using personal data.
Latitude Financial Refuses to Bow to Ransomware Demands
The Australian consumer creditor Latitude Financial has received a demand from criminals who carry out their illegal activities in the virtual space to redeem previously stolen data.
BNP Paribas Selects Worldline to Reduce Iban Fraud in Sepa Direct Debits
BNP Paribas Cash Management has selected Worldline (Euronext: WLN), a global leader in payment services, to reduce the risk of fraudulent activity in SEPA direct debit transactions.
Treasury Department Urges DeFi to Improve AML/CFT Controls
Both providers of DeFi services and the United States government are supposed to reduce AML/CFT vulnerabilities in decentralized finance (DeFi), enabling criminals to transfer and launder illicit proceeds
Google Bans Loan Apps Access to User Contacts
Android apps offering personal loan services will not be able to access users’ sensitive data, such as photos and contacts, with the new restrictions imposed by Google
Exploring the Benefits of Open Banking Initiative for Internet Security: How It Can Help Protect Users in the UK
Changes in the financial sector are the way to improve all areas of life. The fact is that such tools can be seen everywhere today, even in gambling. In essence, open banking simplifies customers’ lives and makes such interactions more secure. How is this possible, and does it help players in the virtual world? Let’s […]
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