Cyber Security

Showing Latest Cyber Security

Are fingerprints the new passwords?

18 Aug 15 @ 17:15

Ever since Apple introduced TouchID for iPhones, more and more smartphones feature fingerprint scanners. And that has some security researchers worried. “If you leak a password, you can just change it;... read more

Carphone Warehouse: 2.4m bank details hacked in data breach

10 Aug 15 @ 16:33

UK mobile phone retailer Carphone Warehouse has suffered a serious data hacking breach that may have compromised the banking details of 2.4 million customers. The breach was discovered on 5... read more

Android accounts for most mobile fraud – Kount

07 Aug 15 @ 16:36

The rate of mobile fraud is highest on Android devices, according to new data from fraud specialists Kount, with mobile fraud also outpacing that of online and in-store fraud for... read more

Vasco and Sumitomo Mitsui to create secure mobile banking app

06 Aug 15 @ 16:45

Vasco Data Security, a global digital security specialist, has announced that Sumitomo Mitsui Banking Corporation (SMBC) will provide their online retail banking customers with a highly-secure mobile banking solution for... read more

US comprises bulk of global card fraud losses

05 Aug 15 @ 17:04

New figures from payment industry researchers The Nilson Report show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards in 2014. These figures... read more

NatWest online banking crashes again

31 Jul 15 @ 16:09

UK bank NatWest, part of the RBS group, has suffered another online banking crash which has affected thousands of users. The latest IT failure comes only six weeks after the... read more

The economics of hacking

30 Jul 15 @ 12:00

After a series of high-profile hacking attacks, many companies are considering more aggressive tactics to fight back against cyber crime, including “active defence” strategies. The most controversial is “hacking back”... read more

ING Bank launches voice biometric payment system

30 Jul 15 @ 10:30

While banking customers have already been able to use the voice control mode on the ING Netherlands app, now they can also make voice-activated payments leveraging voice biometric technology. A... read more

Cyber security: When 95% isn’t good enough

29 Jul 15 @ 13:26

According to a very interesting article in the FT – two weeks after hackers broke into Sony Pictures’ computer systems, deleting important company files and exposing embarrassing emails, technology experts... read more

Cyber attack Open Threat Exchange sharing platform

28 Jul 15 @ 13:26

Banking bosses say that a cyber attack is among their biggest fears, with nearly 80% of chief executives of financial services firms worrying about this potential risk. But five months... read more

Thieves target contactless payment cards

23 Jul 15 @ 10:21

Consumer group Which? has warned that data from contactless debit and credit cards is at risk of being intercepted by thieves. All 10 credit and debit cards tested revealed some... read more

European cross-border and card-not-present fraud on the rise

22 Jul 15 @ 13:44

Card fraud losses across 19 countries in Europe rose an average of 6% in 2014, according to a new report based on data from Euromonitor International. But the low overall rise... read more

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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