Cyber Security

20 Oct 16 @ 10:14

Banks in India have been hit by a massive ATM breach and have ask users to either replace or  change the security codes of as many as 3.2 million debit... read more

14 Oct 16 @ 16:51

Financial fraud in H1 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published by Financial Fraud Action UK (FFA UK) show. Banks’... read more

12 Oct 16 @ 16:24

A new Trojan dubbed Odinaff has been reported attacking banks and other financial targets worldwide. Odinaff attacks include the manipulation of embattled SWIFT logs and the extensive use of hack... read more

30 Sep 16 @ 11:52

Kaspersky Lab says that its experts investigated how cybercriminals could exploit new biometric ATM authentication technologies planned by banks. While many financial organizations consider biometric-based solutions to be one of... read more

29 Sep 16 @ 13:22

Europol has warned that they believe criminals are using Android phones to trigger fraudulent NFC tap-and-go payments. The alert comes in Europol’s annual 2016-internet-organized-crime-threat-assessment. Experts had previously said that the... read more

29 Sep 16 @ 13:06

Europol has issued a warning regarding the cybercrime threat landscape, particularly threats emanating from the so-called “Darknet.” The “2016-internet-organized-crime-threat-assessment” report, outlines the biggest threats online. The annual report concluded that... read more

23 Sep 16 @ 12:08

Recent industry news has brought to light the issue of contactless card fraud relating. Contactless cards are increasingly popular in the UK, with the value of contactless purchases increasing by... read more

22 Sep 16 @ 11:48

In the coming months, there are stong warnings that cybercrime and money laundering in online games – such as World of Warcraft – will be a growing concern. As regulators... read more

20 Sep 16 @ 16:03

More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK). Representing a... read more

19 Sep 16 @ 09:49

The UK is placing its trust in banks over government agencies to protect their biometric data such as fingerprints and iris scans, according to new research from Visa. Consumers are... read more

12 Sep 16 @ 15:51

Industry experts have been sounding the death knell for passwords for some time. Speaking in 2004, Bill Gates claimed the password could not meet the challenge of keeping information secure,... read more

12 Sep 16 @ 12:55

In the past, hackers have most often gone after specific merchants when seeking cardholder information. Recent malware attacks on point-of-sale (POS) vendors, however, may signal a drastic shift in how... read more