Cyber Security

Showing Latest Cyber Security

FI’s exposed to money laundering risk

22 Dec 15 @ 15:47

A new study by LexisNexis Risk Solutions and Association of Certified Anti-Money Laundering Specialists reveals that 37% of financial institutions have increased risk exposure to money laundering. The same source mentions that... read more

Predicting the cyber security future in 2016

10 Dec 15 @ 10:59

When your everyday life is all about information and cyber security, you start to see patterns that may not be so obvious to others. Each year, I take my best... read more

Hilton admits data breach

25 Nov 15 @ 12:29

In a statement released yesterday, Hilton Hotels confirmed it had been hit by a malware data breach that stole customer payment data at the checkout, becoming the latest hotel chain... read more

ModPOS: the most sophisticated POS malware…ever

25 Nov 15 @ 11:36

Threat intelligence experts, iSIGHT Partners, say they have analyzed the most sophisticated POS malware they have seen to date – ModPOS. ModPOS, which is short for modular point-of-sale (POS) system, is a comprehensive... read more

Cyber crime and disorder online: tip of the iceberg?

20 Nov 15 @ 12:53

Everything changed on 6 August 1991 when the first webpage was launched. Nearly 25 years on, we look at the state of cyber crime, the battle between cyber attackers and... read more

Warning of online fraud and chargebacks ahead of Black Friday

16 Nov 15 @ 16:59

Global Risk Technologies is warning individuals and online retailers to be aware of hidden threats in the upcoming shopping extravaganza of Black Friday (27th November).  Experts are predicting it to create... read more

Mobile Wallets: The New Fraud Frontier

12 Nov 15 @ 13:23

Mobile wallets are enjoying increasing adoption. Payments made via mobile devices in the United States are expected to total $90 billion by 2017, a big jump from the $12.8 billion... read more

US strengthen cyber security regulations

11 Nov 15 @ 11:45

The New York State Department of Financial Services has outlined its proposals to strengthen cyber security regulations. In a letter to other state and federal regulators, the NYDFS says it... read more

UK cyber security failings

10 Nov 15 @ 18:17

The free market is failing when it comes to cyber security, Britain’s electronic spy chief has warned in a rare public intervention that could pave the way for tougher regulation as... read more

Merchant fraud-to-sales losses up on 2014

27 Oct 15 @ 13:47

Merchants are experiencing an increase in fraud, losing 1.32% of revenue to fraud on average compared to 0.68% in 2014, according to the annual LexisNexis True Cost of Fraud Study.... read more

Cyber criminals break Chip and PIN

23 Oct 15 @ 13:22

It has bee revealed that cyber criminals have worked out a way to hack the Chip and PIN card system currently being introduced at businesses throughout the US and widely used... read more

How the Dridex malware ring was taken down

16 Oct 15 @ 15:46

Thanks to an international law enforcement operation, the ultra-virulent Dridex malware and related botnet have been disrupted as the US’s DOJ targets a Moldovan man in connection with Dridex malware thefts.... 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