Digital Bank Customer Data Breached Through Third Party
US digital bank Dave has reported a breach of customer data after hackers gained access through a third-party technology supplier.
Us Banking App Dave Reports Data Breach
Dave reports that a data breach at former third party supplier Waydev has resulted in a large amount of personal data being stolen.
How E-signatures Are Changing the Commercial World [Q&A]
The idea of electronic signatures has been around for a while, but their importance has been highlighted by recent changes brought about by the COVID-19 pandemic, meaning signing documents in person...
New Fraud Prevention Tool Now Being Used by UK’s Six Largest Banks
The UK’s major banking groups have fully introduced the ‘Confirmation of Payee’ system, previously announced in October 2018, allowing clients to spot fraud and stop payments if necessary. However...
Hacker Forums Contain Over 15 Billion Stolen Credentials
Sheer scale of stolen user data available online on hacker foums revealed in a report from data loss detection firm Digital Shadows
Big Six Banks Are Using Confirmation of Payee to Reduce App Scams
The Payment Systems Regulator has said all members of the UK’s six largest banking groups are now using the new fraud prevention tool, Confirmation of Payee, helping to reduce Authorised Push Payment...
Consumer Comfort With Biometrics for Banking Rises; Companies Pitch Public and Financial Services
Consumers are ready to use biometrics for card payments, Fingerprint Cards says, and the company is talking directly to them in a new campaign to build up interest.
Lack of Standardization Hurts Banks’ Ability to Secure New Identity Verification Tech, Says Expert
Financial services organizations in Canada currently face regulatory challenges and a lack of standardization which makes it difficult for them to implement new forms of identity verification...