Fraud & Security

Showing Latest Fraud & Security

The most dangerous malware trends for 2014

22 Nov 13 @ 16:22

Not surprisingly, malware is still the most dangerous threat to enterprises, end users and financial institutions. Its success has spawned improved detection and prevention technologies which continue to threaten malware’s... read more

Five arrests made in $45 million cyberheist

19 Nov 13 @ 18:42

Five men in New York have been arrested in connection to a huge cyberheist after “packing bags to the brim with stolen cash.” Federal prosecutors said that the group of thieves... read more

UK crime agency warns of bitcoin ransomware threat – Cryptolocker

18 Nov 13 @ 14:34

The UK’s National Cyber Crime Unit is warning that tens of millions of PC users across the country are being spammed by e-mails loaded with notorious bitcoin ransomware Cryptolocker. The... read more

UKFraud seeks to reduce mobile wallet payment risks

08 Nov 13 @ 13:06

Following the recent launch of its mobile wallet consultancy practice, risk and fraud prevention consultancy UKFraud (www.ukfraud.co.uk) has launched a range of analytical, consultancy and advisory services aimed at helping... read more

FICO and Validsoft partner to crack down on card fraud

07 Nov 13 @ 12:51

FICO, a leading predictive analytics and decision management software company, has announced the availability of a proximity correlation service for credit and debit card issuers aimed at improving the safety of... read more

South African banks suffer massive Dexter malware attack

15 Oct 13 @ 18:23

The Dexter malware has struck again. This time, South African banks have suffered an estimated tens of millions of rand in losses due to a major breach of customer card... read more

Cyber security – why mobile transactions pose high risk

10 Oct 13 @ 10:03

As National Cyber Security Awareness Month continues, new data from the Global Trust Intelligence Network (The Network) confirms the growing use of mobile devices for banking and online shopping. Of... read more

Banks and merchants are struggling to keep pace with Cyber threats

09 Oct 13 @ 10:48

According to a new report released today from financial and technology analyst house, Aite Group – Cyberthreats: Multiplying Like Tribbles, “Cyber threats come in the form of malicious software code, hacking... read more

Fraud Threat Alert for free

20 Sep 13 @ 12:15

Fraud costs the UK economy £73 billion annually* and its impact on a business of any size potentially devastating. Therefore, Foregenix, is offering small to medium sized businesses its online... read more

Credorax and ReD partner on fraud prevention services

20 Sep 13 @ 10:26

High-tech acquirer for e-commerce and m-commerce merchants and PSPs, Credorax and ReD, a provider of fraud prevention services, have formed a strategic alliance offering integrated acquiring, payment processing and fraud... read more

North American Bancard fights fraud with Fractals

03 Sep 13 @ 12:59

Alaric announced that North American Bancard, an industry leader in payment card processing, has selected Alaric’s Fractals fraud prevention and detection product, in a competitive pitch for the merchant acquirer’s fraud... read more

Bitcoin Ponzi scheme

24 Jul 13 @ 01:38

The Securities and Exchange Commission is suing a Texas man for allegedly running a Ponzi scheme he promoted through a Bitcoin-denominated investment strategy and issued a warning to investors about falling for... read more

Trending

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more