Definition
Security practices protecting financial technology platforms — customer data, KYC/AML workflows, payment systems, and compliance processes — against fraud, impersonation, and technical breaches.
Key Points
- 2026-09-12: revolut disclosed data exposure via government-data-request-fraud — not a technical breach but compliance workflow failure (2026-09-12-revolut-customer-data-breach)
- Fraudulent requests from unauthorized account within legitimate government email domain passed authentication checks
- Exposed KYC data: identity documents, verification selfies, transaction histories including crypto
- Lessons for neobank compliance teams: verify requester identity beyond domain authentication