Cyber Security

Showing Latest Cyber Security

Huge increase in fake, copycat bank websites

28 Mar 24 @ 18:21

Over 2,000 suspected copycat banking websites masquerading as real banks such as Barclays or HSBC were reported in 2023 as scammers try to part unsuspecting consumers from their money. The... read more

Europe remains vulnerable to cyberattacks despite stringent legislation

27 Mar 24 @ 19:34

KnowBe4, the provider of the world’s largest security and cybersecurity awareness training and simulated phishing platform, has released its 2024 Security Culture Report. The report examines how security measures really... read more

Deepfake data: AI to raise cyber risk in 2024

16 Feb 24 @ 17:10

As we turn our attention to 2024, James Wood says the advent of generative AI is going to create major security headaches for payments companies – amid other problems. In... read more

Latest US fraud losses top $10 billion in 2023

13 Feb 24 @ 16:40

Newly released Federal Trade Commission data show that US fraud losses were more than $10 billion in 2023 – a 14% increase over reported losses in 2022 – marking the first... read more

The sophistication of cybercrime intensifies with emerging strategies

29 Jan 24 @ 17:53

While tried and tested cybercrime tactics like phishing and malware are here to stay, there are always new approaches to watch out for in the cybersecurity space. Experian’s 11th annual... read more

The near-term impact of AI on the cyber threat

25 Jan 24 @ 16:34

During the Bletchley AI Safety Summit in November 2023, international leaders came together to discuss the vast potential of AI models in promoting economic growth, propelling scientific advances, and providing... read more

PQC, AI & sustainability: 5 cybersecurity trends for 2024

12 Jan 24 @ 12:57

2023 will go down as a transitional year for cybersecurity and information technology in general. Quantum Computing is still in its infancy, and artificial intelligence is still limited to creating... read more

Cyber criminals ALPHV report hacked company to SEC

16 Nov 23 @ 12:40

Today, in a global first, cyber criminals have upped their game by filing a complaint to the US Securities and Exchange Commission (SEC), reporting a company it claims to have... read more

$3.5 trillion: the cost of a global cyber hack – should government intervene?

06 Nov 23 @ 17:14

Imagine this fictitious scenario: Cyber criminals manage to inject malicious code into global payments software that spreads rapidly to tens of thousands of partner networks at banks and throughout the... read more

Cyberattacks on European financial services more than doubled in 2023

13 Oct 23 @ 09:37

A new State of the Internet report that explores existing and emerging cyberattacks against the financial services industry, finds that financial services is the third-most attacked vector in the Europe,... read more

UK cybersecurity improving: but still a risk business

27 Sep 23 @ 17:18

While UK consumers’ exposure to cybercrime has reduced over the past year, they experience more at cybercrime losses than any other major market in the world – despite being less... read more

The cyber crime ecosystem – Ransomware and extortion

12 Sep 23 @ 16:20

In 2017, the National Cyber Security Centre (NCSC) published a detailed report examining the cyber crime business model – this report has been updated in 2023. Since 2017, the growth... 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