Tagged: security

CipherTrace Launches Open Source Solution For FATF Travel Rule Compliance

Blockchain security company CipherTrace announced on Tuesday the launch of its open-source Travel Rule Information Sharing Architecture (TRISA) solution. According to CipherTrace, TRISA enables cryptocurrency exchanges to comply with new funds Travel Rule requirements. CipherTrace revealed that Virtual Asset Service Providers (VASPs) may immediately begin… Read More

TD Bank’s Latest Survey Reveals: Stagnant Corporate Systems, Cybersecurity Continue to Plague Payments Professionals

 TD Bank announced on Tuesday its latest survey reveals cyber fraud and technological solutions are top of mind for finance and treasury professionals. According to TD Bank, 42% of respondents cited organizations’ struggles to improve legacy systems as the greatest challenge facing payments professionals. Last… Read More

Crypto.com Announces Additional Security Measures

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday a range of enhanced security measures including Two Factor Authentication (2FA) for certain transactions and insurance of digital assets. The crypto portal also launched of a new Security Page, which outlines its commitment to maintaining industry-leading security… Read More

Coinbase Announces Bug in Signup Page That Resulted in Some Registration Details Being Stored in Clear Text in Internal Web Server Logs

Cryptocurrency exchange platform Coinbase announced on Friday it recently began emailing a total of 3,420 of its customers to let them know that a bug in its signup resulted in some registration details being stored in clear text in its internal web server logs. Coinbase… Read More

Monzo: We Weren’t Storing Some Customers’ PINs Correctly Which Caused An Issue With Online Banking Services

Just days after addressing previous issues in its banking services, digital challenger bank Monzo announced it may have figured out what was causing the most recent issues, which was that it wasn’t storing some customers’ PINs correctly. The banking startup revealed in a recent blog… Read More

Canadian Fintech Mogo Announces New Partnership With Trans Global Insurance Battle Identity Fraud For Retailer The Brick

Canadian fintech Mogo Finance Technology announced earlier this week it has formed a new partnership a new program with Trans Global Insurance to help customers of home furnishing retailer The Brick understand and combat identity fraud.  Mogo reported that customers of The Brick who enroll in… Read More

Update: PixelPin Closes Seedrs Round With More Than £1.4 Million in Funding

PixelPin, a UK-based company that is dedicated to securing personal and business information without using a keyboard, recently closed its equity crowdfunding campaign on Seedrs with a total of £1,467,762 secured.  As previously reported, PixelPin stated it is focused on the use of pictures. Using… Read More

Canadian Fintech PayBright Partners With Enstream For Mobile Verification Advancements

Canadian fintech lender PayBright announced on Wednesday it has teamed up with Enstream, an digital identity and device authentication joint venture of Canada’s national mobile network operators,  to advance its client identity verification and authentication capabilities. “PayBright understands the importance of online security and fraud management in… Read More

Wirex Strengthen Partnership With Elliptic to Prevent Cryptocurrency Fraud & Laundering

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Friday it has strengthened its partnership with cryptocurrency safety services Elliptic to reduce the risk of cryptocurrency fraud and money laundering. According to Wirex, the duo has been working together… Read More

BlockSafe Launches Ambassador Program to Generate Awareness For Crypto Wallet Security

BlockSafe Technologies, a company that is designed to provide security solutions for blockchain businesses and cryptocurrency, announced on Tuesday it has launched an ambassador program to generate awareness around crypto wallet security, as well as the company’s CryptoDefender offering. According to BlockSafe, the ambassadors are… Read More

Mastercard Announces Expansion of Digital Identity Commitment With Samsung

Mastercard (NYSE: MA) announced on Tuesday it will team up with Samsung to explore and offer a new way for consumers to conveniently and securely verify their digital identity on mobile devices. While sharing more details about the collaboration, Ajay Bhalla, president of cyber &… Read More

Overfunding: PixelPin Surpasses £1.3 Million Funding Target on Seedrs

PixelPin, a UK-based company that is dedicated to securing personal and business information without using a keyboard, has quickly surpassed its initial £1,394,989 funding target on equity crowdfunding platform Seedrs. Founded in 2011, PixelPin stated it is focused on the use of pictures. Using pictures… Read More

Binance Announces Partnership With CipherTrace

Cryptocurrency exchange Binance announced on Thursday it has formed a new partnership with blockchain security company CipherTrace to further enhance the exchange’s robust anti-money laundering (AML) compliance program. Binance reported that CipherTrace will raise its platform’s compliance standards in line with a worldwide progression of… Read More

Starling Bank Introduces 3D Secure Feature

Just days after announcing plans to create 150 jobs in its new Southampton office, UK-based digital banking platform Starling Bank announced its new 3D Secure feature. According to the banking group, 3D Secure is a tool for online transactions that require the account holder to… Read More

Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud

Just days after announcing its acquisition of global cross-border account-to-account money transfer network, Transfast, credit card giant Mastercard announced on Tuesday it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time… Read More

IBM Launches Blockchain Security Testing Service

IBM (NYSE: IBM) Security’s team of offensive security experts, X-Force Red,  announced on Tuesday the launch of a new blockchain testing service, which was created to help identify weaknesses and strengthen the security of a wide range of solutions that incorporate the fast-growing technology. IBM… Read More

CipherTrace Secures $15 Million Venture Capital Investment For Cryptocurrency Security, Intelligence, & Regulatory Compliance

Blockchain security company CipherTrace announced on Tuesday it secured $15 million venture capital investment. The latest funding round was led by Aspect Ventures and includes other notable investors such as Galaxy Digital, Neotribe Ventures, and WestWave Capital. As part of the investment, Aspect’s Mark Kraynak will… Read More

Jumio Launches Biometric Video Self Identity Verification Feature

Jumio, a U.S. fintech, announced on Monday the launch of its new end-to-end biometric verification feature, Jumio Authentication. According to Jumio, this new approach starts with identity proofing where the user captures their government-issued ID and a selfie, which are then compared to each other… Read More

Kudelski Security Announces New Blockchain Security Center

Kudelski Security, the cybersecurity division of the Kudelski Group (SIX: KUD.S), announced on Tuesday the launch of its new Blockchain Security Center (BSC), which is reportedly making available its cryptography expertise into the rapidly evolving blockchain developer community. According to Kudelski Security, the BSC will… Read More

B-Hive Launches New Cybersecurity Program “Trusted Fintech”

Fintech

Fintech collaboration platform B-Hive announced on Wednesday the launch of its new cybersecurity program, Trusted Fintech. According to B-Hive, Trusted Fintech was created to help startups and scale-ups embed cyber awareness into their core values. The program also aims to increase the trust within the general public… Read More

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