Revolut, which received a provisional UK banking licence in July, was at the center of nearly 10,000 complaints to Action Fraud, the UK's leading fraud and cybercrime reporter, according to BBC Panorama.

Cybersecurity researchers have uncovered a new threat to software supply chains that spans multiple programming ecosystems, including PyPI, npm, Ruby Gems, NuGet, Dart Pub, and Rust Crates. These entry points, which are typically used by developers to execute specific commands or load plugins, can be exploited by attackers to introduce malicious code.

Between 2014 and 2023, TD Bank faced serious allegations of having "long-term, pervasive, and systemic deficiencies" in its U.S. anti-money laundering (AML) policies, according to court documents. Despite multiple warnings from regulators and its internal audit group, the bank failed to take appropriate remedial action.

The Blockchain Security Standards Council (BSSC) has announced the appointment of its first board of directors, featuring key leaders from its founding member organizations. This milestone marks a crucial step in BSSC's mission to establish globally recognized security standards for blockchain technology, aiming to create a safer and more resilient ecosystem.

In a recent cyberattack, MoneyGram, the global money transfer service, fell victim to a data breach that exposed sensitive customer information. The hack, which was discovered earlier this month, compromised a significant portion of MoneyGram's transaction database, raising concerns about the safety of financial data within the company’s infrastructure. The breach has alarmed customers and regulators alike, with early investigations suggesting that the attackers accessed payment records, personal information, and potentially financial data belonging to thousands of MoneyGram users.

A new study from Juniper Research reveals that online fraud losses are projected to surge from $44 billion in 2024 to $107 billion by 2029, marking a 141% increase. The report, titled Global Merchant Fraud Prevention Market 2024-2029, attributes this significant rise to the growing sophistication of attacks driven by advancements in AI technology. One major concern highlighted is the use of deepfakes to bypass verification systems, which the report identifies as a critical threat to the ecommerce landscape.

Organizations are facing increasing financial losses, estimated between $94 billion to $186 billion annually, due to vulnerable APIs (Application Programming Interfaces) and automated bot attacks, according to The Economic Impact of API and Bot Attacks report by Imperva, a Thales company.