Cyber Security

Showing Latest Cyber Security

$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

The battle against synthetic identity fraud

16 Mar 18 @ 16:13

In the 1982 sci-fi movie Blade Runner, Harrison Ford played Deckard, an ex-detective tasked to track down replicants — robots who were so lifelike that it was almost impossible to tell man from... read more

What is transaction laundering and what is the Industry doing about it?

15 Mar 18 @ 20:21

Transaction laundering has quickly evolved into one of the payment industry’s most prominent and most difficult problems. Transaction laundering — also previously known as “undisclosed aggregation” or “factoring” — occurs... read more

Dark Web Market Price Index

14 Mar 18 @ 15:25

That scammers are buying and selling your stolen personal info on the dark web and it’s not just credit card details is not new. However, with hacked dating profiles, streaming... read more

Consumers at risk as mobile banking Trojans threaten worldwide

05 Mar 18 @ 18:33

Consumers around the world that use mobile banking apps are at a greater risk of being tricked by cybercriminals and falling victim to mobile banking Trojans. This is according to... read more

Faster payments equal real-time fraud – the Zelle story

26 Feb 18 @ 10:12

There has been an increasing amount of fraud perpetrated against Zelle, the mobile P2P platform running on faster payments rails and backed by the biggest banks in the US. The scam... read more

The cryptocurrency revolution has barely begun – viva la blockchain

20 Feb 18 @ 13:29

Upset that you missed the boat on the cryptocurrency craze last year? Millionaires were minted overnight as bitcoin returned 1,700% in 2017, only to see prices crash by more than... read more

The cost of cybercrime study – insights on security investments that make a difference

19 Feb 18 @ 16:52

Cybercrime is on the rise, successful breaches per company each year has risen more than 27%, from an average of 102 to 130. Ransomware attacks alone have doubled in frequency,... read more

Government websites hacked to run secret cryptocurrency miner

15 Feb 18 @ 12:38

Thousands of government websites around the world have been hijacked to mine the cryptocurrency Monero. A commonly-used accessibility script was hacked to inject the Coinhive miner into official sites in... read more

US DoJ indicts 36 in cybercrime ring that stole $530m

08 Feb 18 @ 17:43

36 cybercriminals have been indicted in connection with an international identity theft ring known as a “one-stop shop for cybercrime” that sold stolen payment card information on the dark web,... read more

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Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

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

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more