Cyber Security

Showing Latest Cyber Security

38% of FI unable to detect fraud from normal customer activity

20 Jun 16 @ 10:53

A survey conducted by Kaspersky Lab and B2B International has revealed that banks and payment organizations are finding it difficult to manage online financial fraud. Surprisingly, over a third (38%) of... read more

Half of small businesses hit by cybercrime

13 Jun 16 @ 12:39

Small businesses are at risk from cybercrime by not putting adequate protection measures in place, new research from Barclaycard has found. The survey of 250 small businesses reveals that just... read more

Cyber security bulletin – overall statistics for 2015

09 Jun 16 @ 14:22

Cyber security – The year in figures In 2015, there were 1,966,324 registered notifications about attempted malware infections that aimed to steal money via online access to bank accounts. Ransomware... read more

Companies stockpiling Bitcoin against cyber attacks

09 Jun 16 @ 13:59

A study among UK companies reveals that many of them are building a reserve in various crypto currencies, such as Bitcoin, in order to pay off criminals in case of cyber... read more

Mobile biometrics market set to rise

07 Jun 16 @ 09:23

The Global Mobile Biometrics Market 2016-2020’ – released by Technavio predicts that the global mobile biometrics market will grow at a CAGR of more than 103% The report provides an analysis of the market... read more

Marcher Android banking malware targeting UK customers

07 Jun 16 @ 09:10

The Android banking malware Marcher has been updated, and is now being used by cybercriminals to target customers of major banks in the United Kingdom. First discovered in 2013, Marcher (detected... read more

Sharing economy businesses held back by identity & trust fears

02 Jun 16 @ 11:15

Businesses operating in the sharing economy are being held back by consumer fears over trust in the identity of the other party in the transaction, according to a new report... read more

Swift hack probe expands – North Korea blamed

27 May 16 @ 13:26

Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million... read more

Fraud costing the UK economy £193bn a year

27 May 16 @ 12:17

The annual cost of fraud in the UK could be as high as £193bn per year according to a new report. This dwarfs previous estimates produced by the UK Government... read more

Breach trends drive PCI DSS update

20 May 16 @ 13:32

The PCI security standards council (PCI SSC) has published an update to its global data security standard. PCI DSS Version 3.2 replaces version 3.1 to address growing threats to customer... read more

ATM is the New Skimmer – Skimer mutates

18 May 16 @ 14:02

A Russian-speaking Skimer group forces ATMs to assist them in stealing users money. Discovered in 2009, Skimer was the first malicious program to target ATMs. Seven years later, cyber criminals... read more

Top 5 international fraud trends

18 May 16 @ 12:47

The fraudsters’ calculation is simple: where there’s a great deal of revenue to be earned, there’s a great deal of fraud to be committed. And where there’s even more revenue... read more

Trending

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