Cyber Security

Showing Latest Cyber Security

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

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

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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