News
How Revolut plans to boost business banking in the US
3+ hour, 38+ min ago (647+ words) As Revolut sets its sights on the U.S. market, it's looking beyond banks' retail customers as targets." The neobank, which has applied for a U.S. banking charter, wants to build upon the increased interest in its business banking products to capture more…...
LexisNexis hit by second data breach in two years
3+ day, 3+ hour ago (908+ words) Overview bullets generated by AI with editorial review Cybercriminals breached data giant LexisNexis and stole sensitive records belonging to law firms, federal regulators and corporate clients, according to claims from a threat group. The threat actor, known as FulcrumSec, claims…...
The origin story of stablecoins offers a hint to their future uses
4+ day, 7+ hour ago (804+ words) As traditional institutions hammer out stablecoin strategies and as new platforms emerge to facilitate their implementation, mainstream attention has been largely focused on how stablecoins fit into existing financial systems and workflows. Yet stablecoin's history reminds us of another vector…...
Attacks on 'data brokers' ignore their key role in consumer protection
1+ week, 12+ hour ago (526+ words) That framing is not only incomplete, but it also risks making consumers less safe. "Data minimization" is often presented as an unqualified good: collect less, retain less, use less. But in fraud prevention, this principle, applied bluntly, collides with reality....
PayPal's 'bad code' leads to unauthorized payments
1+ week, 6+ day ago (444+ words) "Sadly, these types of breaches are not unique, and it seems in recent times that lenders and lending platforms are increasingly targeted, perhaps for the treasure-trove of sensitive data loan applications contain," Tracy Goldberg, director of cybersecurity at Javelin Strategy…...
1.2 million French bank accounts exposed in breach
1+ week, 6+ day ago (554+ words) Overview bullets generated by AI with editorial review A malicious actor compromised a French national banking database and exposed personal and financial information tied to 1.2 million bank accounts, the French government recently announced. The attacker used stolen credentials belonging to…...
OpenClaw AI creates shadow IT risks for banks
2+ week, 3+ day ago (1170+ words) Overview bullets generated by AI with editorial review The rapid rise of the open source project OpenClaw, a personal AI assistant, has created a wave of shadow IT risks for financial institutions, turning the productivity tool into a potential entry…...
Crypto's real adoption curve begins when it disappears
4+ mon, 2+ day ago (587+ words) Regulation just rewired crypto distribution. With the GENIUS Act signed in July and the CLARITY Act advancing in the Senate, the fight to "own the user" is giving way to a more ambitious goal: to be the default." With regulatory…...
Data breach hits 1 million Figure customers
2+ week, 4+ day ago (754+ words) Overview bullets generated by AI with editorial review A data breach extortion group has leaked personal information from nearly 1 million customer accounts, stolen from blockchain-based lender Figure Technology Solutions. Data breach notification service Have I Been Pwned added the incident…...
Mastercard applies a cyber security 'report card"
2+ week, 6+ day ago (572+ words) Digital security frequently ranks near the top of corporate worries, making it a natural fit for the card networks' quests to find sources of business beyond card swipes. Mastercard on Tuesday entered a partnership with technology firm Cloudflare to build…...