About Security

As business email compromise (BEC) cases rise, courts are split on who bears the loss. Learn how the imposter rule and alternative legal frameworks shape liability in BEC disputes.

Explore real-world breaches and discover how financial institutions can detect and mitigate insider threats with smart policy and tech strategies.

Fintechs handle substantial amounts of sensitive financial information, which makes them primary cyberattack targets.

The financial industry has always been a prime target for cybercriminals. As criminals are quickly growing more sophisticated, financial institutions must step up their cybersecurity approach and focus not just on gating data but on inside threats - specifically, those that have a root in access privilege abuse.

In heavily regulated industries such as the financial services sector, there are specific barriers preventing many firms from establishing and maintaining strong cybersecurity protocols. In broad terms, there can often be a hesitancy for financial services firms to adopt technologies that can help strengthen cyber resilience, such as cloud computing, often due to complex regulatory environments.

Mergers and acquisitions (M&A) play a crucial role in the growth and expansion of businesses worldwide. They enable companies to increase market share, diversify product and service offerings, and achieve economies of scale. A successful M&A transaction can lead to significant competitive advantages and long-term value creation for the involved organizations.

In today’s world, many financial services applications rely on APIs to exchange data and interact with external systems. With the increasing adoption of cloud computing, the usage of APIs has grown exponentially, making API security a top priority for financial organizations.

To differentiate their products and services from ever-increasing competition and drive down operational costs, financial services organizations globally are accelerating their digital transformation initiatives.

Fraudsters are increasingly targeting FinTech companies that offer digital goods and services such as virtual currencies, digital wallets, and online loans, according to a new report by Sift. The report highlights the importance of implementing advanced fraud prevention measures, including a layered approach to fraud prevention and education for consumers, in order to protect both FinTech companies and their customers from the growing threat of fraud in the industry.

Security is a big issue for fintech companies: frauds and cyber attacks have damaged many firms, and we at Fintech Weekly often covered this kind o...

The colossal hack that involved Twitter allowed hackers to record the data of over 5 million Twitter users. Twitter confirmed that the bug that all...

Tamas Kadar and Bence Jendruszàk found an innovative way to prevent frauds: with their company, SEON, the two former crypto professionals realized ...

Cyber attacks in Nigeria are rising. Mr. Musa Jimoh, the director of the Central Bank of Nigeria (CBN) has assured stakeholders that the bank is ad...

Even if banks and fintech companies are increasingly partnering to create new financial solutions, there are still risks that could threaten furthe...

Predictions seem to already prove their reliability. The focus on decentralization, the will of giving people control over their data and the need ...

To face another top issue of fintech, frauds, fintech firms are finding new solutions to avoid them and help customers to operate in a safer enviro...

The “challenger bank” Rocker introduces a new card in partnership with two other firms: IDEX Biometrics and Idemia. Instead of needing a PIN code, ...

This is the downside of cryptocurrencies – they can be easily used online by scammers. According to The Guardian, global crime gangs are using some...

The Forbes Technology Council discusses the latest developments in the cybersecurity space: from blockchain vulnerabilities to data sovereignty, in...

According to Aite-Novarica Group, in 2020 at least 47% of Americans experienced some form of identity theft, and according to CNBC $5.8 was lost in...

The tech giant Google launches its Google Wallet and new virtual cards. The goal is not only to provide more easy-to-use payment methods, but also ...

D-Pal, a Dublin-based fintech, launches in the UK. Among other services, this fintech firm is able to provide software for identification that make...

The popular actor and producer Seth Green is also an NFT collector. Unfortunately, 4 of his NFTs were stolen as the result of a phishing fraud – bu...

A new bill presented to the Parliament last week, the Data Protection and Digital Information Bill (DPDIB), will hopefully boost the economic growt...

The African technology company Cassava Technologies has raised $50 million dollars to create a network of cyber security operations centers (CSOCs)...

As fintech companies primarily offer payment services, keeping every transaction safe is important. This is even more urgent when you consider that...

Ripples Nigeria shares with us some interesting stories, among which the new campaign launched by the fintech PalmPay to improve cyber security awa...

The popular crypto wallet manufacturer, Trezor, and Wasabi, the Bitcoin wallet, cooperate to bring coinjoin mixing to hardware wallets. The news ...

PaaS (Platform as a Service) providers are improving payment systems creating modern and easy-to-use platforms. Among the services offered by these...

The National Press Club Luncheon will host SEC’s Gary Gensler – who will address hot topics like security and artificial intelligence. What are the...

Tech giants like Amazon, Google, Meta, and Microsoft have entered the AI space. They're also aware of the risks: since generative AI can make it ea...

Tech giants like Amazon, Google, Meta, and Microsoft have entered the AI space. They're also aware of the risks: since generative AI can make it ea...

Google has introduced DigiKavach, an early threat detection and warning system designed to proactively identify and analyze emerging financial frau...

Indonesia's central bank, in collaboration with major fintech associations, has introduced ethical guidelines for AI use in fintech. This move, emp...

WithSecure, a Finnish cybersecurity pioneer, is making significant strides in cloud security, with a strong presence in Europe, North America, and ...

In 2024, Asia Pacific's fintech sector is set to embrace a 'balanced vision,' focusing on stable growth with a prudent approach. A key trend is the...

The FinTech industry is facing a surge in fraud and financial crime, driven by advanced technologies like mobile banking and digital payments. Crim...

Recent regulatory guidelines from the Reserve Bank of India (RBI) are significantly impacting the Indian financial services sector, initiating tran...

Risk Management Benchmarks 2024 report indicates only a quarter of central banks (25.8% of 31 surveyed) revised their cyber security and fintech ri...

The latest fintech podcast focuses on emerging AI fraud risks and new services for SMBs. Key discussions include Natwest's innovative IP-based lend...

Google's latest AI enhancement for Android raises privacy concerns as it analyzes users' historical private messages. The update promises significa...

LIFT explores the intersection of privacy, fairness, and AI in Finance - MIT's Catherine Tucker to Present at 'The Digital Future' Event on Dec 11-...

In addressing the critical challenge of slow crypto-to-cash conversions that hampers broader cryptocurrency adoption, Renegade, a Web3 financial pl...

2024 heralds a pivotal year for digital marketing, marked by significant shifts such as Chrome phasing out third-party cookies and evolving regulat...

Italy's privacy regulator has imposed a €50,000 fine on the city of Trento for violating data protection laws in its AI-based street surveillance i...

EquiLend, a fintech firm specializing in securities lending, reported a cybersecurity breach involving unauthorized system access, prompting a part...

The Bank of England and the UK Treasury have assured that user data associated with the proposed digital pound, a state-backed cryptoasset, will re...

The Office of the Privacy Commissioner in Bermuda is launching the "Road to PIPA" (Personal Information Protection Act) implementation plan, coinci...

Major AI firms like OpenAI, Google DeepMind, Microsoft, and Meta are pressing the UK to accelerate safety evaluations for AI technologies. These co...

Revolut has implemented an AI-driven card scam detection feature in its app, significantly reducing fraud losses by 30%, particularly from investme...

Simone Mensink of IG&H and Hein Wegdam of ING Real Estate discuss the future of credit assessment, focusing on combining artificial intelligenc...

Artificial Intelligence (AI) is pivotal in today's tech-driven era, enhancing productivity and transforming businesses. However, its rise brings he...

The European Parliament's upcoming final vote on the AI Act, slated for implementation this May, marks the introduction of the world's most extensi...

The Indian government has engaged in discussions with fintech companies and law enforcement agencies to enhance collaboration and tackle major chal...

Baselayer, a B2B platform that leverages proprietary Graph AI technology to combat fraud and streamline business onboarding, announced its emergenc...

Fingerprint has entered into a strategic partnership with Oscilar, an AI-driven risk and fraud management firm, to enhance fraud prevention and det...

MIT researchers warn that as AI systems grow more sophisticated, their capacity for deception increases. Instances of AI bluffing, pretending to be...

Jan Leike, a former leader at OpenAI, resigned recently, lamenting that the company prioritized flashy products over safety. Leike, who headed the ...

The video "AI in Cybersecurity" offers a thorough exploration of Artificial Intelligence (AI)'s role in safeguarding digital environments. It outli...

AI integration in web3 security is no passing trend; it's a pivotal weapon against cryptocurrency thefts and cyber intrusions. Companies are levera...

Since the Securities and Exchange Commission (SEC) implemented cybersecurity disclosure regulations in 2023, US public entities must now reveal any...

Fintech's rapid expansion, especially in India with record-breaking UPI transactions, highlights the sector's growth and potential. However, this s...

The global RegTech (Regulatory Technology) industry, valued at $9 billion in 2022, is projected to reach $66.9 billion by 2032, growing at a compou...

Skyro, a FinTech licensed by the Securities Exchange Commission (SEC) in the Philippines, has forged a partnership with ADVANCE.AI, a leading provi...

In a recent development, CUBE, a prominent figure in Regulatory Compliance Management (RCM) and Automatic Regulatory Identification (ARI), has acqu...

On-chain security issues stem from smart contract vulnerabilities and human factors, with developers struggling to inspect all historical code whil...

The rapid evolution of artificial intelligence is reshaping industries, with fintech standing out as a key beneficiary. As the financial sector con...

In a move aligning with tech industry concerns, California Governor Gavin Newsom vetoed a controversial bill on Sunday that aimed to enhance artifi...

Hosting a live broadcast from St Michael and All Angels Church in London, Kate Moody and Jamie Campbell presented Fintech Insider News with special...

While criminals embracing AI deepfakes is no surprise, what's catching experts off guard is the sudden pivot in recent months toward targeting fint...

Host Benjamin Ensor and a panel of expert guests discuss key developments in fintech and financial services this week. Topics include the alarming ...

Hosts Laura Watkins and Dave Morris, along with guests, discuss key fintech and financial services news this week. Topics include a BBC investigati...

AI is reshaping data security in the fintech sector, though it remains a supplementary tool rather than a replacement for current systems. Altron F...

Generative AI’s potential comes with a dark side: major models like DBRX Instruct are failing critical safety checks, exposing businesses to unfore...

Apple’s million-dollar security bounty signals how seriously the tech giant is taking potential breaches to its upcoming AI servers. This preemptiv...

Tokenization promises efficiency gains for traditional finance, but the Bank for International Settlements warns of risks in governance and legal f...

From Revolut’s milestone of 50 million users to Chase UK launching its first credit card, fintech continues reshaping financial services. Meanwhile...

The collapse of Synapse and its missing $90M have raised critical questions about the safety of fintech firms. As users struggle to recover funds, ...

Benjamin Ensor and guests dive into pivotal fintech updates: UK regulators face scrutiny, UniCredit eyes a major acquisition, Checkout.com expands ...

German fintech 21X has received approval to launch a tokenization platform, a milestone under the EU’s DLT Pilot Regime. This breakthrough highligh...

As fintech pushes convenience, cyber threats loom larger. Eric Hannelius of Pepper Pay emphasizes that robust security safeguards not only protect ...

Striking a balance between stringent security and seamless user experience is a growing challenge for fintech apps. Overly strict protocols can fru...