Cyber Security

Showing Latest Cyber Security

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

Attackers have found new malware to steal e-commerce users payment details

23 Jun 20 @ 16:12

Kaspersky researchers have uncovered a new malware technique for stealing e-commerce users’ payment information from online shopping websites – a type of attack known as web skimming. By registering for... read more

New data on account takeover is concerning – industry needs to take action

15 Jun 20 @ 06:00

The latest data to emerge on rising ATO (Account Take Over) fraud in the US should be of real concern to anyone engaged in online commerce. In its 2020 E-Commerce... read more

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UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more