Cyber Security

Showing Latest Cyber Security

E-commerce fraud losses to exceed $20 billion annually

27 Apr 21 @ 13:03

A new study has found that the value of losses due to e-commerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a... read more

Fileless malware attacks surge by 900% – Ransomware attacks decline

19 Apr 21 @ 17:10

The latest Internet Security Report reveals that fileless malware and cryptominer attack rates grew by nearly 900% and 25% respectively, while unique ransomware payloads plummeted by 48% in 2020 compared... read more

Modern bank heists: Financial institutions being held hostage

13 Apr 21 @ 16:53

The modern bank heist has escalated to a hostage situation over the past year. The new goal of attackers is now to hijack a financial institution’s digital infrastructure and to... read more

Leveraging the Dark Web to strengthen internal security

13 Apr 21 @ 16:30

Virtual, underground marketplaces operating on the Dark Web generate billions of dollars worth of illegal business – from selling drugs to stolen credit card data, to intellectual property and more.... read more

Report: The 2021 Identity Fraud Study

01 Apr 21 @ 10:48

The 2021 Identity Fraud Study reveals a daunting new threat to consumers and businesses: identity fraud scams. While total combined fraud losses climbed to $56 billion in 2020, identity fraud... read more

The answer to fraud may not be just more technology

26 Mar 21 @ 10:53

As Editors of a payments and fintech publication, we’re often told technology is the answer to most things – if not everything. It’s refreshing, then, to read a study which... read more

ABN AMRO first to market with self-healing cybersecurity software

26 Mar 21 @ 09:12

ABN AMRO is to start using the latest ‘self-healing’ cybersecurity software, which repairs itself when under attack from malignant viruses – much like the human body’s immune system does. Jointly... read more

Major payments players call on G7 for Data and Technology Forum

23 Mar 21 @ 11:50

Leading technology and payments companies including Mastercard, Visa, SoftBank and IBM are lobbying the G7 to create The Data and Technology Forum which they hope will co-ordinate how members tackle... read more

Invasive apps: which apps are sharing your personal data?

10 Mar 21 @ 11:39

Apps form a part of our everyday life. From catching up with our friends to playing games, watching films, investing in stocks, making payments and banking, there’s not much we... read more

Consumer concerns on cybercrime rise as faith in anti-fraud disappears

03 Mar 21 @ 17:00

A study from digital identity experts iProov shows that consumers in both the US and UK believe the threat of cybercrime is rising even as their ability to spot fraudulent... read more

PCM long read: What’s on the cards for 2021

02 Mar 21 @ 17:26

From acquiring to fraud, the role of big tech, mobile wallets and faster payments – PCM’s James Wood asks industry leaders to play Gypsy Rosie Lee and read what’s on... read more

140% YOY growth: 37 billion data breach records leaked in 2020

01 Mar 21 @ 16:41

According to data analysed by the Atlas VPN team based on the 2020 Year End Data Breach QuickView Report by Risk Based Security, the number of leaked data records worldwide hit a... 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