Cyber Crime

16 Feb 23 @ 16:31

Here’s some good news: fraud is going down. Or at least, the number of companies affected by fraud has decreased slightly since 2018, according to a new PwC study. However,... read more

31 Jan 23 @ 12:42

Kaspersky says it has uncovered three new variants of Prilex malware, which can block contactless near-field communication (NFC) transactions on infected devices, forcing customers to use their physical credit cards,... read more

20 Jan 23 @ 11:22

Money laundering and other financial crime fines handed out to banks and FI’s have peaked at more than 50% of last years total, demonstrating that the penalties are simply failing... read more

19 Jan 23 @ 16:42

LockBit has been busy: in just the past month, it has claimed to have compromised 40 organisations, from a private school in Malaysia to a dental group in Sydney, helping... read more

17 Jan 23 @ 18:23

Researchers at Cyble Research & Intelligence Labs (CRIL) have found a new version of the Android banking Trojan called Godfather. The new version of Godfather uses an icon and name similar... read more

11 Jan 23 @ 13:22

The market cap of all digital assets reached $3 trillion in November 2021, a 21,000% increase since 2016. But that growth has been far from smooth and more recently the... read more

09 Jan 23 @ 17:33

The newly launched AI4CYBER Consortium will work on AI-based security solutions to ease the life of system developers and operators in managing robustness, resilience and response against sophisticated cybersecurity threats... read more

14 Dec 22 @ 12:31

Danske Bank, Denmark’s largest bank, has been found guilty of defrauding US banks through money laundering, and will pay a $2 billion penalty. The bank pleaded guilty in the US... read more

13 Dec 22 @ 16:38

New research shows 43% of financial services organisations expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months, as scammers target vulnerable... read more

24 Nov 22 @ 16:45

It has been a good week for the guardians of the payments industry. We are very often writing of the upward trends in fraud and the latest channels to be... read more

21 Nov 22 @ 17:14

Promon, responsible for uncovering the critical Android vulnerabilities StrandHogg and StrandHogg 2.0, has discovered a new malware threat to Android’s worldwide userbase. Promon tested 384 financial services apps available on... read more

17 Nov 22 @ 14:02

APP fraud (Authorised Push Payment) losses are on the rise and expected to climb to $5.25 billion across the US, UK and India by 2026 — a record CAGR of 21%... read more