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Fintech company Revolut plagued by security issues

July 12, 2023Ken Showers, Managing Editor

LONDON – It’s been a tough week for global neobank and fintech company Revolut as it deals with the fallout of both a system flaw and cybersecurity data breach. A flaw in the banking entity’s U.S. payment system allowed criminals to steal as much as $20 million in funds over a span of several months in 2022. According to reporting by the Financial Times the incident has yet to be publicly disclosed and is the latest setback for the company as it struggles to obtain its banking...

Banking, Cybersecurity, data breach, fintech, Mikko Salovaara, Picus Security, Revolut, Suleyman Ozarslan