Cyber Security

Showing Latest Cyber Security

New strain of trojan EventBot can clear out bank accounts

22 May 20 @ 09:32

Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... read more

Identity fraud losses increase 15% as consumer out-of-pocket costs more than double

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

Coronavirus tax relief scams and economic impact payments prove we need better ID verification

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more

Diebold Nixdorf suffers ProLock ransomware attack

14 May 20 @ 12:04

Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by Krebsonsecurity, the ransomware attack struck the company April 25 and... read more

Data breaches are making online user identity difficult – We need a better approach

27 Apr 20 @ 06:00

We can no longer rely on personal data alone to confirm user identity online. Databases are now so routinely hacked into, compromised and distributed to criminals over the dark web... read more

How Finastra survived a ransomware attack without paying ransom

16 Apr 20 @ 10:29

When hackers silently forced their way into the computer network Finastra in mid-March, the company was focused on developing emergency plans for operating amid the emerging COVID-19 coronavirus pandemic. Moving... read more

Fresh Marriott International data breach puts 5.2 million at risk

07 Apr 20 @ 12:06

Marriott International has sadly had to admit that it has suffered a second data breach following the earlier admission in 2018. According to an incident notification published on their website, the company spotted... read more

COVID-19 outbreak is perfect storm for cybercriminals

06 Apr 20 @ 12:27

COVID-19 is forcing millions of employees to work from home. This means countless organisations are faced with a unique challenge: how to keep as many business-critical functions running as possible... read more

MYHSM and OpenWay rethink payment security in the cloud

31 Mar 20 @ 12:50

A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a... read more

Banking Trojan conning people to identify those infected by COVID-19

24 Mar 20 @ 17:24

The infamous Ginp banking Trojan, which acquired the ability to insert fake text messages into the inbox of a regular SMS app back in March, has now acquired a new... read more

Inside payment card fraud

20 Mar 20 @ 13:29

Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... read more

US launches Cryptocurrency Intelligence Program

20 Mar 20 @ 12:30

The US has revealed a Cryptocurrency Intelligence Program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge... read more

Trending

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