Cyber Security

Showing Latest Cyber Security

World Payments Report 2020: COVID-19 drives transformation

06 Oct 20 @ 17:10

The latest version of the World Payments Report has been released today, payment firms are being pushed rapidly into transformation, even as they handle larger transaction volumes, face increased competition... read more

UK banks outperform rest of Europe in reducing card fraud

22 Sep 20 @ 14:11

UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the... read more

Human like e-commerce cyberattacks proliferate during pandemic

17 Sep 20 @ 10:16

The COVID-19 pandemic has seen the fastest transition of customers moving to the online space and witnessed an unprecedented surge in the creativity of credential-stealing cyberattacks. Now, online companies adapting... read more

Digital ID framework to begin testing in Canada

16 Sep 20 @ 15:06

The Digital ID & Authentication Council of Canada (DIACC) has announced the launch of the Pan-Canadian Trust Framework (PCTF), a set of digital ID and authentication industry standards that will define... read more

Bank of America sets record for patents filed and granted during H1 2020

15 Sep 20 @ 10:41

Bank of America has recorded the most patents filed and granted in the first half of any year in the history of the company. Demonstrating the seriousness with which the... read more

Hackers steal millions in cryptocurrency – How do they turn it into real cash?

14 Sep 20 @ 14:18

For years criminals have made money through criminal schemes like drug trafficking and counterfeiting cash. In the last decade, criminals have increasingly turned to cybercrime – using hackers to conduct... read more

New web card skimmer steals credit card data and sends via Telegram

07 Sep 20 @ 14:14

The digital card skimmer landscape keeps evolving, often borrowing techniques used by other malware authors in order to avoid detection. Defenders of the ecosystem look for any kind of artifacts... read more

Modern bank heist: How cyber criminals have evolved

31 Jul 20 @ 10:02

The financial sector is historically one of the most secure industries in the world. It needs to earn trust and convince customers that their hard-earned money is safe. Nevertheless, the fact that banks are guardians of the one... read more

Cybercrime spike as pandemic creates perfect storm for fraud

15 Jul 20 @ 10:34

With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent industry discussion was held to discuss ‘the rise of financial... read more

Rule of the machines: can AI and ML really help fight fraud?

06 Jul 20 @ 11:08

Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... read more

UK consumers confirm shift towards digital identity to be permanent

01 Jul 20 @ 14:03

Since the beginning of lockdown measures in late March, digital services have been the only recourse for consumers needing to prove their identity in order to access services, whether that... read more

Multinational industry alliance launch PayID – universal ID for payments

24 Jun 20 @ 12:10

A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving... read more

Trending

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