Copied master key forces South African bank to replace 12 million cards

Fraudsters stole more than $3.2 million from the banking division of South Africa’s post office, after – in a catastrophic breach of security – employees printed out the bank’s master key. According to South African media report… Continue reading Copied master key forces South African bank to replace 12 million cards

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of unstructured data has closed a […] Continue reading Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

UniCredit leaks 3 million customer records in data breach

Italian banking giant UniCredit has suffered a “data incident” that exposed 3 million customer records, including full names, phone numbers and email addresses. UniCredit issued an urgent security notice yesterday announcing that a file con… Continue reading UniCredit leaks 3 million customer records in data breach

Banking start-up exposes PINs for 500,000 customers on the verge of US launch

Banking start-up Monzo has sent out emails to half a million customers after its engineers caught a glimpse of the PIN numbers associated with their cards. The British banking service, which serves 2.5 million customers, recently secured a new round of… Continue reading Banking start-up exposes PINs for 500,000 customers on the verge of US launch

Biometric Authentication, Jumio – Paul’s Security Weekly #611

    Growth of account takeover and how to prevent it Data breaches continue to threaten organizations and expose usernames and passwords on the Dark Web, enabling fraudsters to use stolen data to access a user s existing account, tips to protect agains… Continue reading Biometric Authentication, Jumio – Paul’s Security Weekly #611

Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Andreessen Horowitz <3 Latin American startups.
Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital, and it just made another commitment, doubling down on its early-stage support for the point-o… Continue reading Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Home Digital Asset Security

Anyone with millennial-aged children at home will find it hard to remember them without their faces glued to their mobile phones. It seems that their entire universe has been shrunk into a tiny metallic and glass panel, a bit like the Big Bang in rever… Continue reading Home Digital Asset Security

Attackers used a LinkedIn job ad and Skype call to breach bank’s defences

A Chilean Senator has taken to Twitter with alarming news – the company running the country’s ATM network suffered a serious cyberattack. Continue reading Attackers used a LinkedIn job ad and Skype call to breach bank’s defences