Managers of Wealth Fintech

'Scammers used fake app to steal from me in person'

About 500 reports of crimes involving fake banking apps have been made to Action Fraud in the past three years.

Cyberthreats in Malta: shared threats must be met with a unified mindset

People, mindset and shared responsibility

Cyberthreats are Causing the Most Tension in Fintechs Across the World Find FIS and Oxford Economics

Other tensions identified by respondents were operational inefficiencies, payment friction, human errors, illiquidity, financial technology skills gaps, and reputational damage.

Cyberthreats, fraud, regulatory complexities and financial inefficiencies cost firms £70m annually

For the banks and fintech firms surveyed, money movement can be particularly vulnerable due to cybersecurity threats, fraud and compliance challenges, which can contribute to rising costs.

Coalition launches Active Cyber Policy with enhanced coverage

The Active Cyber Policy introduces a range of new and enhanced coverage features.

Identity fraud and identity theft

How to help prevent them

Over 11,000 DBS and Bank of China Customers Affected by Ransomware Attack on Vendor

While names and addresses were potentially exposed via vendor Toppan Next Tech, both banks confirmed that sensitive login credentials and account balances were not compromised.

CyberCube tools to boost Maury Donnelly & Parr sales enablement process

Broking Manager assists brokers in clearly communicating cyber risk to their clients.

Hawk raises $56m for AI-powered fraud prevention

AI is in our DNA at Hawk.

Metro Bank launches first AI scam detection tool – results in just minutes

This feature, which is simple and easy to use, will help give customers a route to peace of mind and has the potential to stop scams from taking place.

Insignia Financial responds to cyber security incident

Although investigations are continuing, Insignia Financial has not observed similar activity impacting other customer facing platforms.

Preparing fintech for post-quantum cryptography

Explore of the dual impact of quantum computing on fintech, dissecting both its potential benefits and the urgent need to transition to post-quantum cryptography (PQC).

Fraudsters turning to encrypted messaging platforms to scam users Revolut warns

The rapidly evolving tactics of fraudsters are uncovered in Revolut's third Consumer Security and Financial Crime Report.

WhatsApp scams surge in the UK

WhatsApp scams are a significant and growing problem in the UK, posing a serious threat to individuals and their finances.

Revolut data reveals scale of WhatsApp fraud

Revolut’s analysis showed that Brits are the most vulnerable to WhatsApp fraud, ranking the worst affected in Europe in 2024.

Trust Bank Adds New Security Feature ‘Trust Lock’ to Combat Scams

The feature is designed to prevent unauthorised fund transfers

Sumsub Launches Tools to Cut Down on Repetitive KYC Checks

Sumsub's new tools can reduce onboarding time by up to 50% and increase conversion rates by around 30%.

BDO Jersey Sponsors Cyber Security Workshops to Inspire Future Talent

The workshops will give up to 600 students across Jersey aged 13 to 14 the chance to develop key cyber security skills.

Monitoring preparedness and governance under EU cyber security legislation

Dominique Lensink looks at processes to adopt to help comply with the complex EU framework around cyber security.

First regulated financial market infrastructure for trading and settlement of digital assets in Switzerland

The central element of the new DLT trading system is direct settlement against Swiss francs and the transfer of assets via a public blockchain – without the need for intermediaries such as central securities depositories.