Cyber Security

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Long Read: The Kalifa Review of UK FinTech

26 Feb 21 @ 13:08

Over the past decade, the UK has been quietly undergoing a FinTech revolution – in jobs, innovation, improvements to people’s lives and in increased opportunities in global trade. A look... read more

Account take over explosion – incidents increased 20 percent compared to 2019

03 Feb 21 @ 17:59

It is becoming painfully clear that the pandemic is a boon of epic proportions for fraudsters. Between COVID-19 scams targeting consumers, the wholesale theft of government benefits, and playing on... read more

UK fraud levels now at “epidemic” level and should be a “national security” threat

26 Jan 21 @ 15:18

Fraud in the UK has reached epidemic levels and should be seen as a national security issue, according to think tank the Royal United Services Institute (RUSI). Driven in part... read more

Infographic: Digital fraud trends for 2021

22 Jan 21 @ 15:20

The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to... read more

Unlocking the value of digital identity in payments

12 Jan 21 @ 17:16

In ever more challenging times, the payments industry needs to maintain trust by finding a way to protect consumers from the constant threat of payment fraud and theft. Consumer’s wishing... read more

Future of fraud forecast reveals threats facing businesses in 2021

12 Jan 21 @ 17:02

With the growing threat of fraud fuelled by the digital acceleration that took place in 2020, the 2021 Future of Fraud Forecast reveals five emerging fraud threats facing businesses. The... read more

Only 1 in 4 global organisations maintain full compliance with PCI DSS

30 Nov 20 @ 12:26

Global organisations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon Business 2020 Payment Security... read more

Cybersecurity costs: Sopra Steria could pay €50 million for Ryuk attack

26 Nov 20 @ 11:27

Sopra Steria, a supplier to the UK’s NHS, has admitted a ransomware attack on its systems last month is likely to cost the company between €40 million ($48 million) and... read more

Mobile malware soars in Asia with 97% transactions flagged as fraudulent

24 Nov 20 @ 16:21

In Q3 2020 there has been a consistent and significant increase in mobile malware activity with Asia at the epicentre, according to new data published by Secure-D, which currently covers... read more

Cyber crime costs rising: Internal failures most common cause of claims for companies

23 Nov 20 @ 15:29

External attacks on companies result in the most expensive cyber crime insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by... read more

Follow the money: an investigation into money laundering tactics

20 Nov 20 @ 12:05

A new report, ‘Follow the Money’, describes the complex web of money laundering, money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after... read more

Focus on card fraud – The UK market

13 Oct 20 @ 09:33

Card fraud losses on UK-issued cards totalled £620.6 million in 2019, an 8% decrease from £671.4 million in 2018. At the same time, total spending on all debit and credit... 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