Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed him promoting fraudulent investments, Bloomberg reported Monday (Feb. 5). This incident has raised concerns about...
In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Payments and financial service providers are facing an even greater challenge in balancing these two capabilities...
The Development Bank of Singapore (DBS Bank) announced on Monday (April 29) that it would do away with physical tokens for users of its corporate online banking platforms. In an announcement, DBS Bank said it will implement digital token technology for corporates and small businesses...
Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. As such, data security has simultaneously emerged as a renewed focal point for...
October 30, 2018
A consumer’s sense of security and trust can be a funny, even unpredictable thing, especially when it comes to payments, banking and commerce. Maybe it’s the reputation of a brand that lowers the mental resistance to inputting payment and personal details on a mobile device to complete a transaction. Maybe it’s more about convenience and […]
May 22, 2018
Welcome to the new world of trust. Identity is the new currency, and the costs of mishandling it – or making it easy to steal – can end up higher...
May 17, 2018
It used to be about the bars and bulletproof screens that separated tellers from banking customers and set a tone of security and trust. But that’s changing in the digital...
August 26, 2017
Bank robberies, even the quirky ones, are serious business. People get killed, hurt or emotionally traumatized by these events. And as scary as it is for victims, sometimes the perpetrator’s...
July 11, 2024
Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to fill out applications, figuring out HR processes to set up direct deposit for a new account, waiting for money to be available, and ensuring bills get paid on time,” the […]
February 05, 2024
Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed...
October 01, 2018
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender in 2016. According to a...
June 27, 2018
Financial services companies in the U.K will have to undergo cyber stress tests to ensure they could recover if they were hit with a major cyber breach. According to a...
