Banking institutions that make use of IBM's Trusteer Pinpoint Detect system to help secure their online platforms, will now be able to make use of biometric tracking to prevent fraud. The system is able to track mouse movements, clicks and other interactions, to build up profiles of users, thereby detecting …
Read More »US feds claim JPMorgan hackers ‘gettable’
Last year, JPMorgan Chase, one of the world's largest banking institutions, was made to look foolish when over 83 million email addresses, phone numbers and business addresses of its customers were stolen by hackers. However, while many other large firms experiencing big data breaches have come up empty when it …
Read More »China to give local tech firms an advantage in banking
China looks set to turtle up its tech industry in the near future, with the government soon to debate a new draft legislation that would see foreign tech companies need to meet security minimums before being able to sell to Chinese banks. The plan is thought to be to make …
Read More »Mobile and internet banking on rise, primes branch closures
Mobile and internet banking are bigger than ever before in the UK, with savers and payers around the country transacting over a billion pounds a day using the internet. However, this is leading to a downturn in those visiting branches and that's not good news for banking employees. It's expected …
Read More »Paypal withholds funds to improve its bottom line
New information has come to light about the dodgy business practices of online payment platform Paypal, suggesting that it deliberately delays payments to banks in order to gain interest from the money deposited by its users. According to documents shown to Wirenews, one user found that any balance withdrawal requests …
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