Cyber Security

Showing Latest Cyber Security

The fraud epidemic isn’t going away – let’s act

05 Jul 23 @ 16:45

Recent weeks have seen a slew of bad news about the ongoing scandal of rising payments fraud – especially in the online environment. According to LexisNexis Risk Solutions and Oxford... read more

Majority of global FIs unable to respond to financial crime

05 Jul 23 @ 11:58

Banking leaders are struggling to balance experience, compliance, and security goals says BioCatch which has released the findings of a new study conducted by Forrester Consulting, that reveals the reality... read more

Authentaverse: Frictionless way to navigate internet services and e-commerce

27 Jun 23 @ 16:56

A majority of the 200 senior UK financial services firms polled have expressed concern around online safety in relation to the new generation of immersive online environments – metaverses –... read more

Pro-Russian Hackers warn of attacks on SWIFT and other European payment systems

21 Jun 23 @ 17:36

Just days after hackers claimed to have targeted the inner workings of the European Investment Bank (EIB) – claims that have now been verified – hacking gangs Killnet, Anonymous Sudan and REvil... read more

UK Banks ramp up pressure on Big Tech in fight on fraud

20 Jun 23 @ 13:14

Sky News has obtained a letter to the UK prime minister that technology companies must contribute to the cost of an online fraud “pandemic” that is undermining international investor confidence... read more

Will Generative AI be the democratisation of fraud

16 Jun 23 @ 11:30

Generative AI and, more specifically AI based chatbots such as ChatGPT, have continued to dominate headlines and amaze consumers this year. With their rise in popularity and usage, there are... read more

Report: Business Payments Barometer 2023

15 Jun 23 @ 14:41

Bottomline, in their annual Business Payments Barometer report, reveals that finance leaders in Great Britain and the United States are facing a tough operating environment, with over 80% of businesses... read more

FinTech landscape beginning to normalise as markets hit “Reset”

13 Jun 23 @ 17:41

There is a lot of talk these days about the impact on fintech M&A in an era of rising interest rates and volatility. The soaring prices of energy, food, labour,... read more

Project Leap: Protecting banking infrastructure in the quantum age

05 Jun 23 @ 13:54

A secure communication channel designed to protect financial data against future threats from quantum computers has been successfully established by the BIS Innovation Hub Eurosystem Centre and its Eurosystem partners,... read more

2023 Online Identity Study: Deepfakes target digital identity

01 Jun 23 @ 12:43

Jumio has released its  2023 Online Identity Study, the second instalment of its annual global consumer research, conducted by Censuswide. This year’s results highlight an understanding among consumers around how... read more

US fraud statistics: FAI/Deepfake multiply at alarming rates

31 May 23 @ 16:30

New Q1 2023 fraud statistics for North America and how they compare to 2022 have been released. The information is based on data collected from the US and Canada during... read more

UK cryptocurrency fraud has surpassed £300 million in 2022

26 May 23 @ 12:57

The UK’s fraud reporting agency, Action Fraud, says cryptocurrency fraud has surpassed £300 million in 2022, an increase of more than 40%. Law firms said the data, provided by Action... read more

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Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more