Cyber Security

Showing Latest Cyber Security

Amazon Alexa hacked – security of users’ personal info questioned

26 Apr 18 @ 08:52

Recent reports manifests how “smart” technology, such as voice-enabled digital devices and virtual assistants, could be shockingly blind to security threats. As per reports, researchers discovered a flaw in Amazon’s Alexa virtual assistant that enabled... read more

Fraud fears rise as cashless society becomes reality

20 Apr 18 @ 09:25

Despite well-reported reductions in the use of cash across the country, new research from international legal practice, Osborne Clarke, reveals that UK consumers are now more concerned than they were... read more

Report reveals record levels of identity fraud in 2017

19 Apr 18 @ 15:05

Cifas, the UK’s leading fraud prevention service, has released a new report identifying and detailing the fraud trends, like identity fraud, from over 300,000 cases of fraudulent conduct recorded in 2017.... read more

Payment industry history with first AES DUKPT key management implementation

19 Apr 18 @ 11:50

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT is a new security key... read more

The complete guide to stopping e-commerce fraud

17 Apr 18 @ 16:02

E-commerce fraud is on the rise. While digitalisation has streamlined processes, consolidated data and vastly improved the efficiency of administration, it’s as much a blessing as a curse. When it... read more

AFP survey: Payments fraud hits record high of 78%

16 Apr 18 @ 10:43

The 2018 AFP Payments Fraud Survey, underwritten by J.P. Morgan, revealed that payments fraud reached a new high in 2017 after a downswing earlier in the decade. A record 78% of... read more

90% of consumers lack confidence in IOT device security

12 Apr 18 @ 10:33

The Internet of Things (IoT) is sometimes also known as the internet of insecure things. Or the internet of other people’s things. So much so 90% of consumers lack confidence... read more

Break the GDPR deadlock – Infographic on Shadow Data challenges

11 Apr 18 @ 08:00

Cloud is changing the game for information security and compliance – especially when it comes to GDPR. However, Cloud apps are exposing sensitive business data – for example, 20% of... read more

Delta and Sears data breaches expose hundreds of thousands of credit cards

10 Apr 18 @ 10:53

Delta and Sears have revealed within hours of each other that a data breach may have leaked the credit card information of hundreds of thousands of customers, as first reported... read more

$1.7bn worth of cryptocurrency stolen since 2011

09 Apr 18 @ 14:34

Crypto Aware has found that over $1.7 billion-worth of cryptocurrencies were lost to hacks and scams between 2011 and 2018. $670 million-worth of which were lost over the last three months.... read more

The new PCI DSS 3.2 standards – New authentication requirements for cardholder data

28 Mar 18 @ 10:14

Poor password management – including the continued reliance on default, stolen, weak and non-unique passwords – is a key factor in more than 80% of hack-driven breaches, according to Verizon’s... read more

Europol arrests mastermind of Carbanak cyber crime gang

27 Mar 18 @ 10:54

Spanish police have arrested a Ukrainian national they suspect is the head of the infamous Carbanak cyber crime gang that stole more than €1bn from 100 financial institutions, often by... 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