Cyber Security

Showing Latest Cyber Security

HSBC (Hacker Security Breach Confirmed) admits hackers gained access

06 Nov 18 @ 22:21

HSBC has been forced to accept that hackers have made off with personal details of thousands of its online-banking customers. The bank suffered a serious data breach in it’s US... read more

Major life-threatening cyber attacks on UK ‘in little doubt’

18 Oct 18 @ 16:32

The National Cyber Security Centre (NCSC) has published its second annual review, revealing it has prevented Britain falling victim to nearly 1,200 cyber attacks in the past two years. It... read more

Australia’s proposed anti-encryption law compels software “back doors”

17 Oct 18 @ 16:17

Apple, in a rare public protest, has exposed the Australian government’s proposed anti-encryption bill, calling it “dangerously ambiguous” and “alarming to every Australian”. The Access and Assistance Bill would see... read more

Mastercard, AmEx and Worldpay join inaugural Cyber War Game

11 Oct 18 @ 13:54

Mastercard, WorldPay and AmEx were among the payment processors who took part in a ‘cyber war game’, in a bid to test their systems amid rising IT security threats. The... read more

Have Apple, Amazon and other US heavyweights been hacked?

10 Oct 18 @ 10:24

It has recently been reported that a number of US technology heavyweights including Amazon and Apple have been hacked. According to Bloomberg, in 2015, Amazon.com began quietly evaluating a startup called Elemental Technologies,... read more

$88.6 million of funds laundered through cryptocurrency exchanges

04 Oct 18 @ 12:46

A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift.... read more

FCA bares teeth – Tesco Bank fined £16.4m over “avoidable” cyber attack

01 Oct 18 @ 10:11

The UK’s financial regulator (FCA) has issued Tesco bank with a £16.4 million penalty over an online cyber incident that occurred two years ago, the first fine the FCA has... read more

2018 Data Breach Investigations Report

01 Oct 18 @ 09:24

Ransomware attacks are a key cybersecurity threat for global organisations, warns Verizon’s 2018 Data Breach Investigations Report (DBIR). Ransomware is the most common type of malware, found in 39% of malware-related data... read more

First Data launches new fraud detection service – FirstSense

27 Sep 18 @ 09:36

First Data has launched a new anti-fraud detection service, FirstSense. It enables financial institutions to identify at-risk accounts across all card brands and prevent fraud. The newly launched platform combines... read more

Cryptocurrency exchange Zaif loses $60 million to hackers

20 Sep 18 @ 14:11

In yet another blow to the burgeoning cryptocurrency market, it has been reported that Zaif, a Japanese digital currency exchange, has had $60 million stolen. Tech Bureau, the operator of Zaif... read more

Infographic: The industries falling victim to Data Breaches

18 Sep 18 @ 15:09

Data breaches are plaguing all industries globally, but some are more affected than others. This infographic looks at some of the differences, including how attractive payments-related data is to criminals... read more

Mobile fraud reaches 150 million global attacks in H1 2018 attack rising 24%

14 Sep 18 @ 10:00

In a new infographic looking at mobile fraud we can see: 58% of digital transactions now originate from mobile devices Mobile attacks are increasing, with one third of all fraud... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more