Collaborate Disseminate
The state-owned Industrial and Commercial Bank of China (ICBC), which is one of the largest banks in the world, has been hit by a ransomware attack that led to disrupted trades in the US Treasury market. The attack “On November 8, 2023, U.S. East… Continue reading Chinese multinational bank hit by ransomware
I have noticed a disturbing trend across banks (in the EU). Previously, many banks used 2FA by combining a login/password for an online banking website with a mobile authenticator app. However, many banks now integrate the mobile authentic… Continue reading Are banks significantly reducing security by migrating everyone to mobile banking?
I am living in Germany and when you get a phone call the phone number of the caller on the display can be faked. For example you can get a call from 110 (police phone number) but it’s a scam. And that happens often in my area.
I wonder if … Continue reading Can the IBAN of the initiator of a SEPA direct debit be faked? [closed]
I’m going off of this answer, but asking a new question since that’s quite old.
It seems to be becoming more common for banks or other "legitimate" institutions to want your banking username and password in order to verify accoun… Continue reading Why don’t bank verification services use OAuth
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As banks and credit unions evaluate fintech partnerships, cybersecurity (62%) is… Continue reading Strong compliance management is crucial for fintech-bank partnerships
Australia’s Fintech ecosystem is now seen as a critical source of technology innovation by banks and financial institutions, as they seek to offer products and services faster, more cheaply and more scalably in the fast-changing business and cloud envi… Continue reading Australia’s Financial Technology Startups Are Changing How Banks and Financial Institutions Procure New Tech
Let me ask to experts how bank BBVA and Santander en España can check dedicated digits of my password during call to their hot line?
They said me that it is verification procedure but I am not sure it is safe because every call they ask di… Continue reading Bank employees asked random 2 characters of password during verification! [duplicate]
I have an account on the ChexSystems site which allows me to easily view and request my consumer report.*
Once I sign into my account, I can see my full social security number and driver’s license. I can’t delete this information or delete… Continue reading Are there potential legal issues with allowing a user to see their full SSN and DL after entering username and SMS pin?
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. Specifically, every fourth bank reported experiencing over 100 identity fraud … Continue reading The staggering cost of identity fraud for financial services
I just called a number that I thought was my bank’s and reached a customer service representative that asked me to verbally read to them a one-time passcode that was texted to my phone.
Is this standard practice?
I can’t imagine anybody bu… Continue reading Is reading off a OTP code over the phone standard practice?