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FBI Says North Korean Actors Behind Bybit’s US$1.5 Billion Crypto Heist

Fintech News

Federal Bureau of Investigation (FBI) has identified North Korean cyber actors as the perpetrators behind the theft of approximately US$1.5 This incident, referred to by the FBI as “TraderTraitor,” marks one of the largest digital currency heists to date. billion, to an unidentified address.

FBI
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Protecting Seniors from Payment Scams: What You Need to Know

Innovative Payments Association

Use Strong Passwords: Secure online accounts with unique, complex passwords and enable multi-factor authentication whenever possible. Here are key steps seniors can take to protect themselves: Verify Requests: Always double-check unsolicited communications, especially those requesting personal or financial information.

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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center. Financial institutions must balance security with operational needs, particularly for third-party senders like marketing agencies or software vendors. Secure communication channels reduce exposure.

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QwikPay Partners With iDenfy to Ensure Risk-Management and Compliance as it Grows in Australia

The Fintech Times

Domantas Ciulde , the CEO of iDenfy, added: “Real-time, frictionless payments are the future and with that comes a heightened need for security and compliance that doesn’t slow things down. We’re proud to support QwikPay as they lead Australia into this next chapter of digital finance.”

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Talking Fintech: A Preview of Interviews, Q&As and Conversations from FinovateSpring

Finovate

For now, here’s a quick preview of what we’ve got in store for you: Senior Research Analyst Julie Muhn in conversation with: John Iannarelli , The Voice of Cyber & Security, FBI John Rob Thatcher , Founder and CEO, BankShift Yamini Sagar , CEO and Founder, Instarails Javier Prez Garca , Global Director, VASS Financial Services Research (..)

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FIs, regulators rev up anti-fraud strategies

Bank Automation

The democratization offered by AI is making it easier for low-skilled, inexperienced bad actors to launch high-impact schemes.

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FBI Issues Warning To Bank Mobile App Users?

PYMNTS

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.

FBI