Cyber Security

Showing Latest Cyber Security

Addressing the threat of AI and deepfakes in payments

14 Aug 24 @ 11:36

As artificial intelligence (AI) continues to evolve, so do the risks associated with its misuse, particularly in the realm of deepfakes. A recent global study, conducted by iProov in collaboration... read more

The quantum computing threat: A new era in cryptography

12 Aug 24 @ 13:43

The rapid advancements in quantum computing are poised to challenge the security of digital data globally, prompting the need for a new generation of cryptographic standards. The U.S. National Institute... read more

The growing importance of payment security in the digital age

06 Aug 24 @ 16:56

In today’s increasingly digital world, the importance of payment security has never been more critical. With the exponential growth of online transactions and the rise of sophisticated cyber threats, businesses... read more

Fighting economic crime through enhanced verification

10 Jun 24 @ 15:51

A new industry coalition will be formed to fight economic crime through enhanced verification, the Centre for Finance, Innovation and Technology (CFIT) has announced. The coalition aims to bring together... read more

Mastercard hits dark web fraudsters with Gen AI

23 May 24 @ 16:21

As fraudsters seek new ways to exploit technology, Mastercard is using Gen AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing... read more

Fighting deepfakes has become a billion pound industry in the UK alone

22 May 24 @ 08:54

ID Crypt Global says that to combat the rapid rise in deepfake technology interfering with life in the real world, the Fraud Detection Software sector has grown by almost 200%... read more

2024 Data Breach Investigations Report

14 May 24 @ 17:13

Verizon Business has released the findings of its 17th-annual Data Breach Investigations Report (DBIR), which analysed a record-high 30,458 security incidents and 10,626 confirmed breaches in 2023—a two-fold increase over... read more

Global mobile banking malware grows 32% in 2023

10 May 24 @ 12:51

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyberthreat landscape. The report reveals significant increases in mobile banking malware and... read more

The Dark Web – Trends to watch for in 2024

02 May 24 @ 10:18

The Dark Web garnered massive amounts of headlines a few years ago when the enormity of its size was first made publicly aware. Also the amount of unscrupulous criminal activity... read more

AI’s impact on digital fraud and financial crime

01 May 24 @ 16:16

Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in a new report, AI-focused fraud and financial crime, say criminals are more adept at using artificial... read more

HSBC and PayPal join forces on Quantum-Safe Cryptography

29 Apr 24 @ 15:43

The Emerging Payments Association Asia (EPAA) has announced the formation of a Work Group on Quantum-Safe Cryptography (WG-QSC) across ASEAN, with IBM, HSBC, AP+ and PayPal as founding members. The... read more

Bad bot report: Bots now 50% of all internet traffic

17 Apr 24 @ 16:05

Thales has released the 2024 Imperva Bad Bot Report, a global analysis of automated bot traffic across the internet. Nearly half (49.6%) of all internet traffic came from bots in... read more

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Visa strengthens fraud defences with BioCatch acquisition

05 Aug 26 @ 16:37

Visa has agreed to acquire Israeli behavioural biometrics specialist BioCatch in a $2.4 billion all-cash transaction, marking one of the payments giant's larges... more

Fiserv and Mastercard expand strategic alliance

05 Aug 26 @ 16:36

Fiserv and Mastercard have strengthened their long-standing partnership with a new global agreement designed to simplify payment acceptance for enterprise merch... more

RBC and BMO sell Moneris to Francisco Partners for C$2bn

13 Aug 26 @ 15:19

Royal Bank of Canada and Bank of Montreal have agreed to sell their jointly owned payments processor Moneris to private equity group Francisco Partners in a C$2... more