Fraud & Security

Showing Latest Fraud & Security

Nordic and Australian banks back digital identity roll outs

02 Sep 22 @ 11:13

Just days after a report showed the publics overwhelming support of the UK’s Digital Identity and Attributes Trust Framework (DIATF), the National Australian Bank and the Findynet Cooperative, which includes... read more

UK public supports government plans to create the UK Digital Identity

30 Aug 22 @ 18:10

A new report has found that the UK public strongly supports government plans to create the UK Digital Identity and Attributes Trust Framework (DIATF), with 87% stating it was a... read more

Visa Token Service hits 4 billion – surpasses Visa cards issued

26 Aug 22 @ 15:54

Visa says it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. Visa... read more

Crypto crime update: Illicit activity falls

22 Aug 22 @ 13:53

2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June. While there’s no telling if we’ve reached the bottom, as... read more

Why merchants don’t need to buy fraud insurance to cover everything

22 Aug 22 @ 10:58

The discipline of fraud prevention has changed dramatically over the past five years and continues to evolve rapidly. Consequently, former truths about fraud prevention are increasingly becoming outdated myths. In... read more

The top 5 ransomware statistics from the last year

19 Aug 22 @ 14:08

Cybercriminal gangs launch ransomware attacks to encrypt businesses’ sensitive data and get paid a significant ransom. Sometimes hackers even use a method called double extortion. They threaten the organization to... read more

The new Open Banking era needs better, smarter KYC

17 Aug 22 @ 09:00

In a new white paper, transaction security specialists Ondato explain why the rapid development of Open Banking across Europe means banks, merchants and PSPs must turn to smarter, joined-up KYC... read more

Apple Card: An important lesson in Issuing a digitally native card

12 Aug 22 @ 13:55

When Apple launched its Apple Card credit card in 2019, it was touted as a gamechanger, with the usual levels of simplicity and transparency that users expect from Apple products. Behind the... read more

US sanctions Tornado Cash over systematic money laundering

09 Aug 22 @ 10:29

The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7 billion over the past three years and helped North Korean... read more

Financial firms see huge rise in cryptojacking

05 Aug 22 @ 10:28

Cybersecurity firm SonicWall has released new data that shows that hackers are increasingly targeting financial firms such as banks and trading houses with cryptojacking attacks designed to use their computer... read more

Top 10 European countries for credit card fraud in 2022

05 Aug 22 @ 10:01

Since March 2020, consumer spending habits have changed significantly, and that includes the way we use our credit cards online. Almost immediately, fraudsters tapped into this and found new ways... read more

Radical change in payments requires a KYC revolution

03 Aug 22 @ 14:59

A new white paper from Ondato argues the massive changes we’re seeing in the way people pay need to be matched by changes in the way we authenticate, onboard and verify... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more