Cyber Security

18 Sep 17 @ 14:50

Data privacy is driving the European Union’s General Data Protection Regulations (GDPR) in the UK, and yet it’s widely felt that banks and other financial services institutions have run out of... read more

15 Sep 17 @ 09:14

Technical body EMVCo launched version two of its EMV Payment Tokenisation Specification – Technical Framework in September. The market has evolved rapidly since v1.0 was launched in 2014 to address... read more

14 Sep 17 @ 09:48

The notorious dark web marketplaces Alphabay and Hansa, designed for criminals who specialised in monetising lists or “dumps” of credit card data, were shut down in July following “landmark” action by... read more

31 Aug 17 @ 14:01

The required procedures for Know Your Customer (KYC) have finally broken free of branch-based face-to-face meetings, and now enable banks to use videoconferencing and biometrics to verify a customer’s identity... read more

30 Aug 17 @ 13:45

Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a... read more

23 Aug 17 @ 14:14

In today’s digitally-driven society, being able to access your money when you want, from any device, is no longer a luxury but a necessity. In fact, being able to quickly... read more

22 Aug 17 @ 15:27

A new piece of Android malware, dubbed Fakedtoken is able to quietly steal victims’ details when they enter them into apps, as well as spy on their texts and phone calls,... read more

22 Aug 17 @ 14:57

In the latest Symantec annual Internet Security Threat Report, Cyber attackers revealed new levels of ambition in 2016, a year marked by extraordinary attacks, including multi-million dollar virtual bank heists,... read more

16 Aug 17 @ 11:11

The ongoing power struggle between security and usability represents one of most pertinent challenges in mobile wallet today. While it is possible to build a nearly fraud-proof payment mechanism, it... read more

26 Jul 17 @ 13:48

With recent large-scale cyber attacks signalling a growing front in destructive threats and business impact, a new midyear report on cyber threats from iDefense, part of Accenture Security, reveals how... read more

04 Jul 17 @ 12:58

The bank Vs FinTech screen scraping argument just got worse as the EBA (European Banking Authority) rejected an amendment to the Payment Services Directive (PSD2) proposed by the European Commission designed to allow the... read more

28 Jun 17 @ 09:55

The vast majority of consumers—93%—prefer biometrics over passwords for authenticating payments or other financial services. This comes as no surprise, as using biometrics is more secure and eliminates the hassle... read more