Cyber Security

Showing Latest Cyber Security

Bank Heists 5.0 – From heist to hijack, dwell to destruction

25 Apr 22 @ 17:30

The Modern Bank Heists report, which annually takes the pulse of the financial industry’s top CISOs and security leaders to provide executives with a ground truth on the changing behaviour... read more

2022 IBM Global Financial Fraud Impact Report

12 Apr 22 @ 13:01

According to a new report commissioned by IBM, geographies and generations differ greatly in the frequency and impact of financial fraud, as well as their attitudes toward fraud detection and... read more

Anonymous begins dump of hacked Russian Central Bank data

29 Mar 22 @ 08:45

Anonymous is reported to be publishing a large amount of data which it claims belongs to the Central Bank of Russia (CBR). The release comes after the collective announced it... read more

Anonymous continues its war on Russia and hack central bank

24 Mar 22 @ 13:48

Anonymous, the hacker collective, is claiming it has hacked the Central Bank of Russia to access sensitive documents within the bank. The hackers, who have been targeting Russian assets since... read more

APP fraud hit £355.3 million – overtakes card fraud for the first time

09 Mar 22 @ 16:56

Which? A consumer rights and protection website has analysed new data and says that every hour, APP fraud (Authorised push payment fraud) victims lose more money than the average UK... read more

Banks embrace the brave new world of AI

08 Mar 22 @ 10:17

While physical branches may be dwindling in number, and digital transactions comprise the bulk of bank-customer interactions, the need for consistent and quick customer service has not changed. What has... read more

Visa and Mastercard hit Russian banks – Anonymous steps up cyber war

01 Mar 22 @ 16:43

Visa and Mastercard say they have blocked multiple Russian financial institutions from their network, complying with government sanctions. Visa said it was taking prompt action to ensure compliance with applicable sanctions,... read more

Presence-assured face biometrics can stop the current fraud spiral. Here’s how

22 Feb 22 @ 09:00

A crisis is emerging in e-commerce. From week to week, new studies are published showing fraud attempts in e-commerce – and successful frauds – are rocketing. Meanwhile, governments in the... read more

Digital ID infrastructure is key as payments become transparent

08 Feb 22 @ 10:49

Remote and contactless payments popularity with consumers grew during the pandemic, which is prompting the need for a robust digital identity infrastructure in the Payments 4.X era.1 In the connected... read more

EBA launch EuReCA -a central database for AML and counter-terrorism financing

02 Feb 22 @ 10:40

The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be central to... read more

European Central Bank report on card fraud in the euro area

01 Feb 22 @ 13:12

The latest version of the European Central Bank fraud report is now available. The report, Seventh report on card fraud, analyses trends in card fraud in 2019 as reported by... read more

Long Read: Payment predictions for an industry in flux

25 Jan 22 @ 12:07

Thanks to the pandemic, consumers have become accustomed to doing almost everything online, accelerating digital transformation and embedding new behaviours. After a 5% in global payment revenues in 2021, the... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more