Cyber Security

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UK financial services sector spending £22k per hour fighting fraud

06 Mar 23 @ 17:41

UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This... read more

Defining fraud: What to “look forward” to in 2023

22 Feb 23 @ 15:14

Fraud is fluid — it is constantly evolving with new tactics to find cracks in a merchant’s defences. In 2023, there are five trends that merchants need to be aware... read more

Future of Fraud Forecast highlights five fraud threats facing businesses

20 Feb 23 @ 16:38

With fraud expected to surge amid uncertain economic conditions, Experian has released its 2023 Future of Fraud Forecast, which reveals five fraud threats that could prove challenging for consumers and... read more

Fraud is stable…but the cost keeps rising

16 Feb 23 @ 16:31

Here’s some good news: fraud is going down. Or at least, the number of companies affected by fraud has decreased slightly since 2018, according to a new PwC study. However,... read more

The rise of digital identity wallets: where will banks play

10 Feb 23 @ 11:11

For decades, banks have acted as the trusted custodians of customers’ personal data, with strong Know Your Customer (KYC) procedures, strict regulation, high customer engagement, and best in class security... read more

Cybercriminals use Prilex malware to block contactless payments

31 Jan 23 @ 12:42

Kaspersky says it has uncovered three new variants of Prilex malware, which can block contactless near-field communication (NFC) transactions on infected devices, forcing customers to use their physical credit cards,... read more

AI-driven ‘thermal attack’ reveals password in seconds

26 Jan 23 @ 20:31

Computer security experts have developed a system capable of guessing computer and smartphone users’ passwords in seconds by analysing the traces of heat their fingertips leave on keyboards and screens.... read more

DBX: The Digital Banking Experience Report

23 Jan 23 @ 17:09

Sopra Steria has revealed the results of its Digital Banking Experience Report (DBX) For the second year running, IPSOS and Forrester assessed banks’ digital maturity and ability to keep pace... read more

“Slick” – How LockBit became the world No.1 ransomware group

19 Jan 23 @ 16:42

LockBit has been busy: in just the past month, it has claimed to have compromised 40 organisations, from a private school in Malaysia to a dental group in Sydney, helping... read more

Android banking Trojan Godfather rears ugly head

17 Jan 23 @ 18:23

Researchers at Cyble Research & Intelligence Labs (CRIL) have found a new version of the Android banking Trojan called Godfather. The new version of Godfather uses an icon and name similar... read more

2023 predictions: Authentication, digital identity and in-car payments

13 Jan 23 @ 18:07

As the number of devices and connected services rise, our lives are becoming increasingly digitised. Keeping up with this evolving landscape is vital, and 2023 promises to bring with it... read more

Crypto hacks: The top 10 hack in 2022

11 Jan 23 @ 13:22

The market cap of all digital assets reached $3 trillion in November 2021, a 21,000% increase since 2016. But that growth has been far from smooth and more recently the... read more

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UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

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

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