Cyber Security

Showing Latest Cyber Security

The 4th EU Anti-Money Laundering Directive becomes active

26 Jun 17 @ 15:50

73% of financial crime professionals in UK financial services believe that the 4th EU Anti-Money Laundering Directive will make it easier for firms to prevent money laundering a survey of... read more

How hackers make money on the dark web – Infograph

26 Jun 17 @ 11:04

How much is your information worth on the dark web: Spotify account £2.20 Hulu account £2.20 Netflix £0.80 – £2.40 Paypal £1.20 Social Security Number £0.80 Drivers license £16.00 Credit... read more

Global cybersecurity trends – Trustwave 2017 report

20 Jun 17 @ 10:57

Trustwave has released its 2017 cybersecurity report which reveals the top cybercrime, data breach and security threat trends from 2016. The report reveals both good and bad news in the world... read more

Banks to face fines totalling €4.7bn in first three years under GDPR

14 Jun 17 @ 16:55

A new report from Consult Hyperion, forecasts that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR).... read more

PSD2 and Risk Based Authentication: The Issuer Story

13 Jun 17 @ 10:08

Issuers have been using Risk Based Authentication (RBA) to great success for some time now. With new legislation coming in, there is confusion in the market about what RBA means... read more

E-commerce fraud has decreased nearly 35% since 2016

01 Jun 17 @ 13:58

E-commerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still account for... read more

Cybercrime will cost businesses over $2 trillion by 2019

01 Jun 17 @ 09:23

New research suggests that the rapid digitisation of consumers’ lives and enterprise records will increase the cost of cybercrime via data breaches to $2.1 trillion globally by 2019, increasing to... read more

Visa upgrades Verified by Visa technology simplifying e-commerce

30 May 17 @ 11:21

Visa announced enhancements to its Verified by Visa service, designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account.... read more

Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante

17 May 17 @ 12:55

Just days after a coalition of 56 FinTech vendors lobbied the European Banking Authority in a strongly worded petition regarding the practice of Screen Scraping, The European Banking Federation (EBF) is asking the... read more

AI and machine learning is catching up with financial criminals

16 May 17 @ 10:29

When transaction volume goes up, banks and other financial institutions have turned to machine learning and AI to help streamline services. In the UK alone, over 72,000 payments are made by... read more

Rabobank and Signicat launch Digital Identity Service Provider

12 May 17 @ 12:01

Rabobank and Signicat are entering the Dutch identity market together by providing digital services to businesses, supporting them in servicing their clients. This joint Digital Identity Service Provider (DISP) offers... read more

UK payment systems represent systemic risk to financial stability – central bank consolidation underway

10 May 17 @ 09:39

In a recent announcement, the UK’s Payment Systems Regulator and the Bank of England (BoE) agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and... 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