Fraud & Security

Showing Latest Fraud & Security

Tietoevry considers floating banking unit on stock exchange

03 Aug 22 @ 09:00

Tietoevry has decided to initiate a strategic review of Tietoevry Banking, including a process to study the potential separation into an independent company that would be listed on a stock... read more

Ransomware volume already doubled 2021 total by end of Q1 2022

04 Jul 22 @ 12:28

Ransomware detections in Q1 of this year doubled the total volume reported for 2021, according to the latest quarterly Internet Security Report from the WatchGuard Threat Lab. Researchers also found... read more

FTC sues Walmart for facilitating money transfer fraud of hundreds of millions

30 Jun 22 @ 12:04

The Federal Trade Commission is to sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. In... read more

Cost of Bots report – are we winning the war on bots?

29 Jun 22 @ 12:56

In 2021, Netacea published its Cost of Bots report. We already knew bots were a nuisance to both businesses and their customers—buying up stock, sniping auctions, scraping con and so... read more

UK Finance fraud report: Criminal gangs steal £1.3 billion

29 Jun 22 @ 12:33

UK Finance has released its latest fraud report covering 2021. The report shows the scale of fraud taking place as well as how criminals took advantage of people’s doubts and... read more

Why the two most common approaches to PSD2 compliance don’t work

28 Jun 22 @ 16:27

It’s been two months since PSD2 enforcement started in the UK, and we have taken a look at data from merchants to see what patterns are emerging and what we... read more

Business Payments Barometer – Fraud soars in cashless economy

27 Jun 22 @ 09:46

Bottomline has revealed that the shift to hybrid working has left businesses seriously exposed to insider fraud[1], with over half of businesses (52% in GB and 63% in the US)... read more

Understanding Authentication Vs Authorisation in the SCA era

27 Jun 22 @ 09:02

Since SCA (Strong Customer Authentication) was introduced for online retailers in the UK earlier this year, there have also been added complications for merchants when determining the most efficient and cost-effective... read more

Fraud and cyber-threats keep rising – is AI the answer?

22 Jun 22 @ 13:21

As fraud attempts and cyber-security incidents continue to rise, more and better Artificial Intelligence (AI) solutions are being touted as the solution. But does AI deliver on its promise? Two... read more

The rising issue surrounding mobile app fraud

15 Jun 22 @ 17:24

The world is going mobile. And so too is Fraud. Global smartphone ownership rose sharply from 49% in 2016 to 83% in 2022, equating to 6.64 billion people owning a... read more

TechnoVision 2022: Financial services move to enhanced CX

27 May 22 @ 12:22

It’s no secret that the financial services industry continues to face accelerated rapid change and transformative trends, including the evolution of ecosystem businesses, heightened customer expectations around digital interaction, low-touch... read more

It’s time for banks to bring their “A” game to customer chat

25 May 22 @ 14:28

As the digital revolution has gathered pace over the last decade, banks have increasingly switched to a digital service model, with the latest research[1] suggesting two-thirds of Europeans are now... 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