Bank Account Security news and trends

Banks Challenged to Strengthen User Authentication as Malware Threat Intensifies
Security & Fraud // February 07, 2023

The latest generation of malware can automatically cancel biometric security measures. In research seen by PYMNTS, Dutch cybersecurity firm ThreatFabric details how an Android banking Trojan dubbed “SharkBot” can take over a user’s device and cancel the biometric verification pop-up when they attempt to log in...

Glitch Exposes JPMC Account Data To Other Users 
Safety and Security // February 23, 2018

Due to a glitch in JPMorgan Chase’s systems, some customers saw the personal information of other clients on Wednesday (Feb. 21). The bank has since fixed the problem, CNBC reported. While the error only affected a “very low number” of accounts, people were still able...

Interviews & Exclusives
Banks Challenged to Strengthen User Authentication as Malware Threat Intensifies

February 07, 2023
The latest generation of malware can automatically cancel biometric security measures. In research seen by PYMNTS, Dutch cybersecurity firm ThreatFabric details how an Android banking Trojan dubbed “SharkBot” can take over a user’s device and cancel the biometric verification pop-up when they attempt to log in to their mobile banking app. When this happens, apps default […]

Quick Reads
Plaid and Okta Partner on Secure Connections for Open Finance

February 15, 2023
Plaid and Okta have partnered to help financial institutions offer open finance more securely. By combining Plaid’s data network that connects financial accounts to apps and services with Okta’s identity solutions that enable secure access, the collaboration will make it easier for financial institutions to exchange data with third parties via OAuth and application programming […]

Glitch Exposes JPMC Account Data To Other Users 

February 23, 2018
Due to a glitch in JPMorgan Chase’s systems, some customers saw the personal information of other clients on Wednesday (Feb. 21). The bank has since fixed the problem, CNBC reported....