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Facebook: Hey Can We Pretty Please Maybe Have Lots of Your Banking Information Too?

Facebook is looking to gobble up users’ financial information, including such tidbits as “card transactions and checking-account balances,” as part of its relentless effort to swallow up yet more of the web, the Wall Street Journal reported on Monday. Read More >>

money
Country People Can’t be Bothered With Your Urban Digital Banking Obsessions

People who live in the rural masses of the UK aren't so bothered about banking apps, according to the Financial Conduct Authority, which says that just 23 per cent of country folk bother to do their banking through a smartphone – whereas 45 per cent of their clean-shod urban counterparts do. Read More >>

security
Australian Bank Sends 10,000 Customers’ Data to Wrong Email Address for Dumbest Possible Reason

There are plenty of ways to unintentionally mishandle customer data. Storing information on an unsecured server, for instance, or being targeted by state-sponsored actors. But perhaps the most egregiously idiotic way to release confidential information is to send emails to the wrong domain name. That’s exactly what the largest bank in Australia did—more than 600 times. Read More >>

security
Major Bank Loses 12 Million Customers’ Data in the Most Embarrassing Way Possible

Just when you thought all data breaches amounted to hacker shenanigans, the largest bank in Australia has belatedly confirmed a different sort of breach story. BuzzFeed reports that the Commonwealth Bank lost 12 million customers’ data after magnetic tape backups containing their personal financial history from 2004 to 2014 went missing. It just lost them. They may have literally fallen off a lorry. And the bank didn’t even bother telling its customers about the incident. Read More >>

security
Researchers Unearth New Malware Designed to Make Cash Machines Spew Out Cash

Researchers have recently discovered new kind of “jackpotting” malware—the sole purpose of which is forcing cash machines to spit out huge volumes of cash. Read More >>

money
CES 2018: This Cellular-Connected Smart Credit Card Can Show You How Much Money You’ve Got Left to Spend

Unlike banks in the UK, where chip-and-pin and contactless payment technologies are the norm, big banks in the US have been very slow to adopt new credit and debit card technologies, with secure chip cards only being introduced in the past few years. Which is tragic, because Dynamics is introducing a new connected credit card with a cellular chip inside, and an E-Ink display, that’s no thicker than the cards already in your wallet. Read More >>

security
Researchers Just Developed a New Tool to Identify Security Holes in Banking Apps

Gone are the days of queuing up at the bank all day to get things done, because we have apps to do most of that stuff for us. When it comes to the bank, security is everything - regardless of whether we're talking about a vault or the electronic systems. The bad news is that no electronic system is 100 per cent secure, but the good news is that researchers have a semi-autonomous tool that can help identify them. Read More >>

technology
CEO of Nordic Region’s Biggest Bank: Robots Will Replace Many of My Employees

If you’re like most people, you do not like the financial industry, perhaps because they crashed the national economy nearly a decade ago and the vast majority of the recovery went to the already rich. Well, some news from the Nordic region: Our new robot overlords might wipe the billion-pound grin off the industry’s face in the coming years. Read More >>

security
Flashlight Apps Snuck Malware Into Google’s Play Store, Targeting Bank Accounts

Active on Google Play Store as recently as last Friday, a mobile banking trojan infected thousands of users who thought they were downloading games or innocent-looking apps, according to research published by a trio of cybersecurity firms. Read More >>

apps
HSBC’s New App Lets You See All Your Bank Accounts in One Place

Chances are you have more than one bank account, a current account and a savings account perhaps. Maybe a joint account with your partner. The problem is that the best deals come from separate banks, making it a bit of a chore to keep on top of it all. Especially in the age of mobile banking when every bank and building society has their own app. Well HSBC is looking to change that. Read More >>

banks
Siri Can Now Do Your Barclays Banking For You

If you fall into the centre of a Venn diagram that covers Barclays bank customers and iPhone users, then I've got some great (?) news for you: you can now instruct Siri to make payments for you. Read More >>

security
TSB and Samsung Launch Iris-Scanning Account Logins

The subset of UK civilians that own a Samsung Galaxy 8 and have a TSB bank account are going to have a fun toy to play with this September, as the bank and the phone maker are teaming up to allow iris identification to access their account details. Read More >>

crime
Hacker Jailed for Stealing £100k to Pay for a BMW and Face Tattoos

A UK-based hacker has been found guilty of stealing nearly £100,000 from accounts held by Clydesdale and Yorkshire Banking Group, money he used to buy a BMW and a Range Rover, before underlining his stupidity by getting a tattoo on his face. Read More >>

money
UK Banks Ordered to be More App-Friendly by 2018

The Competition and Markets Authority has finished its two-year sighing and meetings process looking at the state of the UK banking sector, with one key conclusion being that the banks aren't trying hard enough to compete with each other via their mobile options. So the CMA would like them all to push app connectivity much harder. Read More >>

money
Barclays to Drop Telephone Banking Passwords for Voice Recognition This Week

In a move designed to make telephone banking both slicker and more secure, Barclays is to start replacing passwords with voice recognition technology for customers this week. Read More >>