Data Security & Fraud Prevention

Latest Headlines

Latest Headlines

Wells Fargo combines voice, facial biometrics for mobile corporate portal access

Wells Fargo is planning to roll out biometrics that fuse both face and voice recognition for extra security in authenticating mobile users of its CEO Portal. The bank said based on its research it will be the first financial firm to merge those types of biometrics.  

Tanium moves into cyber forensics, hires executives to strenghten new focus

Enterprise security and systems management technology company Tanium is moving into cyber forensics, with two recent executive-level security hires helping to develop the new capabilities.

Financial firms trail other industries in cyber threat remediation, study shows

Is the financial industry's strict culture of compliance to regulatory procedures slowing its capacity to remediate cyber threats?  

Forex trading firm raises $11 million, adds Goldman exec to board

London-based foreign exchange planform Kantox has raised $11 million in financing and added a former Goldman Sachs trader to its board, after announcing it has processed $1.5 billion in transactions since its launch four years ago. The company, which targets small- and medium-sized business, said it is on track to reach $2 billion in total transactions by October.

Red Lambda deploys artificial intelligence and peer-to-peer technology for cybersecurity

A Florida company is taking peer-to-peer and artificial intelligence technology originally developed through the University of Florida and National Science Foundation research and applying it to enterprise-level security.

With concerns mounting, Finra puts its big data CARDS project on hold

The Financial Industry Regulatory Authority has pressed the pause button on its controversial CARDS program, bowing to pressure from financial firms that have widely criticized the project.

Flash crash arrest raises oversight issues for markets

News reports about the arrest of Navinder Singh Sarao for his role in contributing to the "flash crash" were accompanied by reports that the CME Group had spotted the trading irregularities a year prior to the flash crash--yet the trading patterns persisted through 2014.  

IBM says financial firms need to fight Dyre Wolf with cyber education

The financial industry needs to employ training and education to fight Dyre Wolf, a sophisticated virus targeting financial firms. The dangerous multi-faceted virus uses fraudulent call center agents to bait employees into sharing passwords for firms' financial accounts.  

Barclays reshores anti-fraud activities in new UK center

Barclays says it is developing a "center of excellence" for fraud detection and response in Sunderland in northeast England. The new center will add 200 jobs to Barclays' existing facilities in the area focusing on fraud response, and will consolidate some fraud related operations that have been handled across the U.K. and overseas.

Tanium secures $52 million funding, enhances platform

Enterprise security and systems management technology company Tanium has announced an additional $52 million in funding from Andreessen Horowitz as well as new enhancements to its platform. The funding builds on a $90 million investment from Andreessen Horowitz last May.