Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has partnered with Rippleshot, a fraud analytics firm, to offer Card Risk OfficeSM Fraud Warning, an early breach detection solution that allows financial institutions to identify potential fraud events 30-60 days prior to network alerts.

Rising fears of cybercrime are prompting financial services firms to beef up their spending on security, according to research from Lloyds Bank Commercial Banking.

Commonwealth Bank of Australia has finally come clean on a potential data breach involving 19.8 million customer accounts in 2016, after initially failing to notify customers of the incident.
The bank's burying of breach has come into sharp relief in the wake of a damning report by financial regulator Apra into CBA's governance, accountability and culture and may lead to further questioning by data privacy watchdogs.

Three Mexican banks have been forced to activate contingency measures to foil attempts by hackers to infiltrate the country's real-time payments network.

The UK cryptocurrency community is calling on the Government and the Financial Conduct Authority to toughen up rules governing the trading of virtual currencies and to issue licenses to firms which demonstrate compliance.

A group of industry stakeholders has put together a draft governance framework for a new US Faster Payments Council (FPC). The 27-member Governance Framework Formation Team (GFFT) has spent eight months working on the draft for the new council's framework and has now released it into the wild, inviting others to provide feedback over the next 60 days.

SunTrust Bank says that a former employee may have attempted to steal information on about 1.5 million customers and pass the data on to a criminal third party.