Cyber Crime

Showing Latest Cyber Crime

North Americans lose $500 million to Covid fraud – Just the beginning…?

20 Sep 21 @ 16:47

Americans have lost nearly $500 million to Covid-related scams since the start of the pandemic, according to Federal Trade Commission data running from April 2020 to mid-July this year. Around... read more

US and European processors jostle for pole position in Europe

31 Aug 21 @ 12:48

The pace of evolution in Europe’s payment market is evident in all areas – including processors. Sweeping changes in consumer payment behaviour, merchant acceptance and democratisation of services have produced... read more

Beating financial crime: Commission overhauls anti-money laundering and terrorism rules

12 Aug 21 @ 11:55

The European Commission has presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for... read more

Payments sector keeps top spot for FinTech investment in record H1 2021

11 Aug 21 @ 11:07

Overall global FinTech funding across M&A, PE, and VC deals soared to a new high in H1 2021, according to KPMG’s Pulse of FinTech, a bi-annual report on FinTech investment... read more

Fraud Report: Massive increase in Brand Abuse cyber attacks

25 Jun 21 @ 09:08

Global e-commerce spending grew 28% annually to $4.2 trillion in 2020, paving the way for more fraudulent behaviour and more sophistication in attack types like Brand Abuse. Backing this insight... read more

European Fraud Map – UK winning card fraud loss battle

22 Jun 21 @ 15:55

2020 was an incredibly challenging year across the globe, with a rapidly changing mix of customer demands, a volatile staffing and servicing model, and a need to drive transformation quicker... read more

Ransomware and hacking now bigger threat to UK businesses than hostile states

17 Jun 21 @ 09:39

Cyber criminals carrying out ransomware attacks are now a bigger risk to UK national security  and businesses than online espionage by hostile states, Britain’s cyber defence chief has warned. Lindy... read more

Cyber security needs a new approach

14 Jun 21 @ 16:17

For some time, PCM has championed the need for companies to completely rethink their approach to cyber security. New approaches to cyber security are vital to combat everything from money laundering... read more

The European Commission takes Luxembourg to court over AML failings

14 Jun 21 @ 14:59

The European Commission has taken Luxembourg to court, asking the European Court of Justice (ECJ) to impose penalties, on a daily basis, for failing to put new EU AML (Anti... read more

Important: As ransomware demands explode cyber insurance companies rethink premiums

03 Jun 21 @ 11:08

Cyber attacks began to climb last year, but big ransomware strikes over the past two months have convulsed the insurance market. Ireland’s healthcare system, a key US fuel pipeline and,... read more

The new face of fraud is supplementing human-driven fraud

25 May 21 @ 16:04

Human-driven fraud, where malicious humans engage in fraudulent activities, doubled in volume during Q1 2021 over the previous quarter. Technology platforms and Media companies were the worst affected by human-driven... read more

Genesis Market: Over 18,000 new stolen identities added each month

18 May 21 @ 15:16

While many underground markets for stolen credentials operate from the anonymity of the dark web, Genesis Market is accessible from the open web. Access to the illegal marketplace is closely guarded... read more

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Visa and Fiserv partnership extends API-led acceptance platform

22 Mar 26 @ 18:30

Visa and Fiserv are extending their long-running partnership in Europe with a new API-driven acceptance offering designed to simplify merchant acquiring and mod... more

Mastercard unveils new AI model built for the realities of payments

19 Mar 26 @ 15:00

Mastercard unveils new AI model to push artificial intelligence beyond the chatbot boom and into the operational core of global payments. [caption id="atta... more

Thunes links stablecoin payouts to the Swift banking network

26 Mar 26 @ 19:08

Thunes is attempting to narrow one of the most persistent divides in modern payments: the gap between traditional banking infrastructure and the digital asset e... more