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The Federal Deposit Insurance Corporation (FDIC) has directed Discover Bank to return over $1.2 billion to merchants who were overcharged on swipe fees.

Source: Terra Security

Terra Security, an Agentic AI-native penetration testing service-as-a-software platform, raises $8M in a seed round led by SYN Ventures and FXP Ventures with participation from Underscore VC and notable angel investors including former Google CISO Gerhard Eschelback, Ofer Ben-Noon and Ohad Bobrov, founders of Talon Security, Travis McPeak and Itamar Friedman.

Check Point Research (CPR), the threat intelligence division of Check Point Software Technologies, has released its Q1 2025 Brand Phishing Ranking, revealing that Microsoft remains the most impersonated brand in phishing attacks, accounting for 36% of all attempts.

From late 2024 through early 2025, state-sponsored threat groups from North Korea, Iran, and Russia began using a social engineering technique known as ClickFix to distribute malware.

Block Inc. has been fined by the New York Department of Financial Services (NYDFS) for significant shortcomings in its anti-money laundering (AML) and compliance practices, particularly within its Cash App platform.

In a sharp pivot from the previous administration’s approach, Deputy Attorney General Todd Blanche has announced the immediate disbandment of the Justice Department’s digital assets enforcement team.

The Office of the Comptroller of the Currency (OCC) has alerted Congress to a "major incident" involving a cyberattack that compromised sensitive internal communications.

Source: Temenos

Temenos (SIX: TEMN), a global leader in banking technology, today shared insights from a worldwide survey conducted by Hanover Research, which gathered perspectives from 420 business and technology leaders in financial services on the transformative impact of Generative AI (GenAI) in banking.

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