fraud
💣 Uncertain developments: former “payment provider of the year” GlobiancePay faces collapse allegations⁉️ Paid Members Public
💣 Uncertain developments: former “payment provider of the year” GlobiancePay faces collapse allegations⁉️ Available information increasingly points in that direction. Attempts to obtain comment from a representative of GlobiancePay have so far gone unanswered. Similarly, affected counterparties — most notably Affiliate Dragons(Kadkon Limited) — state that they have not received clear or
🏴☠️Hackers targeted iGaming payment gateways through counterfeit data libraries Paid Members Public
🏴☠️Hackers targeted iGaming payment gateways through counterfeit data libraries Malicious software, disguised as widely used data-processing components, enabled attackers to covertly alter user balances, round outcomes, and transaction histories. The modifications were implemented in a way that appeared legitimate and passed internal verification checks. 🔣 The incident was classified as a
📢Canada🇨🇦 tightens Crypto Custody Standards to Mitigate Risks from Hacks, Fraud, and Governance Failures Paid Members Public
📢Canada🇨🇦 tightens Crypto Custody Standards to Mitigate Risks from Hacks, Fraud, and Governance Failures Custodians are now subject to a tiered regulatory framework imposing differentiated restrictions based on capitalization, supervisory controls, and operational resilience. ➡️ Under the new structure, top-tier custodians may hold up to 100% of their clients’ crypto assets.
🫦The European Payments Council plans to launch an anti-fraud platform with a female name Paid Members Public
🫦The European Payments Council plans to launch an anti-fraud platform with a female name The European Payments Council has unveiled FRIDA (Fraud Information Distribution Arrangement), a new initiative aimed at strengthening fraud prevention and information-sharing across the European payments ecosystem. The project is designed around a network of trusted organizations
🪬Europe: consumers value payment security over speed Paid Members Public
🪬Europe: consumers value payment security over speed Financial analysts from the Swiss company Vyntra🇨🇭have identified a new trend in the payments market after surveying over 1,000 European adults. ▶️Key insight: the industry’s long-held belief that transaction speed is a key driver of customer loyalty appears to be
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts Paid Members Public
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts A new bill aimed at combating crypto-related fraud is currently being drafted. If approved, the Ministry of Finance and Treasury (Masak) will be empowered to freeze suspicious accounts not only in banks, payment systems, and electronic money institutions, but
🏴☠️Anti-fraud: SWIFT and leading banks test the use of AI for data sharing Paid Members Public
🏴☠️Anti-fraud: SWIFT and leading banks test the use of AI for data sharing The tests were conducted on 10 million transactions involving 13 of the largest banks. ▶️ Among the participants were ANZ🇳🇿, BNY🇺🇸, and Intesa Sanpaolo🇮🇹, working alongside technology partners such as Google Cloud. ▶️The testing involved privacy-enhancing technologies (PET)
🙊Brazil🇧🇷 and the impact of advanced financial technologies: restrictions introduced for e-wallets with bank-like functions Paid Members Public
🙊Brazil🇧🇷 and the impact of advanced financial technologies: restrictions introduced for e-wallets with bank-like functions The more advanced the technology, the broader and more diverse the market becomes — and with that expansion comes closer regulatory scrutiny. In recent weeks, Brazil, home to Latin America’s most sophisticated instant payments system,