Cyber Security

Showing Latest Cyber Security

Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market

23 Nov 16 @ 09:23

The European Banking Authority (EBA) has brought forward proposals for how it will implement what is called strong customer authentication (SCA). Visa has warned that new European rules on e-commerce... read more

Is the customer the weakest link in risk evaluation of mobile financial services?

15 Nov 16 @ 09:29

Human fallibility is now one of the biggest risks that banks and financial institutions must manage in mobile financial services (MFS), according to a new report from the Risk Mitigation... read more

Contactless card fraud: Myths and Realities exposed

09 Nov 16 @ 12:34

Contactless card fraud has made headlines this year. In this post we take a look at some of the key myths and offer explanation to the realities. No. 1 myth: ... read more

US fraud losses rising on debit cards – falling on credit cards

07 Nov 16 @ 11:33

US fraud levels are rising across all payment card products, according to First Annapolis’ semi-annual survey of major card issuers, but changes in fraud write-offs vary by product. Survey results1... read more

Android malware Trojan targeting mobile banking apps and social media

04 Nov 16 @ 13:35

A new Android malware Trojan has surfaced and is ripping through the entire banking sector in the US and Europe by appearing as a Flash Player App. The Android malware... read more

Biometric authentication – are you and your money safe?

04 Nov 16 @ 11:46

Most big high street banks are beginning to use biometric authentication to give customers a more convenient way to check their account balance or make payments. However, one big question... read more

Consumer demand for banks to adopt biometric authentication doubles

03 Nov 16 @ 14:00

Demand for different types of biometric authentication has risen significantly since 2014, with iris scanning moving ahead of fingerprint technology to the top of the 2016 Future Password Index (FPI).... read more

Regulators increase cybersecurity standards at biggest banks

31 Oct 16 @ 09:00

North American regulators have unveiled a new cybersecurity standard to bolster the ability of the country’s largest banks to withstand a major cyberattack, a move aimed at protecting the US... read more

Should Japan regulate the virtual currency PokeCoins from Pokémon Go?

28 Oct 16 @ 17:42

The Financial Services Agency of Japan is set to decide on what will be a landmark decision on the status and securitisation of PokeCoins, the virtual currency used to breed... read more

Card fraud losses hit $21.84 billion in 2015 – up 20.6%

25 Oct 16 @ 08:38

Card fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $21.84 billion last year when global... read more

E-commerce authentication gets a major makeover with new 3-D secure specification

21 Oct 16 @ 11:48

To encourage the continued growth of e-commerce, merchants and issuers around the globe need intelligent tools to distinguish between good and bad transactions, all while minimizing disruption to consumers at... read more

Consumers want additional security to prevent e-commerce fraud

21 Oct 16 @ 11:10

As e-commerce and e-commerce fraud continues to expand, online payment security is a top concern for merchants and consumers, according to a new report from American Express. The 2016 American... 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