Fraud & Security

Showing Latest Fraud & Security

UK fraud levels now at “epidemic” level and should be a “national security” threat

26 Jan 21 @ 15:18

Fraud in the UK has reached epidemic levels and should be seen as a national security issue, according to think tank the Royal United Services Institute (RUSI). Driven in part... read more

Infographic: Digital fraud trends for 2021

22 Jan 21 @ 15:20

The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to... read more

Future of fraud forecast reveals threats facing businesses in 2021

12 Jan 21 @ 17:02

With the growing threat of fraud fuelled by the digital acceleration that took place in 2020, the 2021 Future of Fraud Forecast reveals five emerging fraud threats facing businesses. The... read more

Major gaps in UK online banking security systems exposed

07 Jan 21 @ 18:21

A new report says that major safety gaps in the online banking security systems of some of the UK’s biggest banks have been exposed by a new investigation by consumer... read more

Google Pay and Apple Pay chargebacks fraud hardest to challenge

11 Dec 20 @ 17:21

Nearly half (40%) of merchants are reporting a rise in friendly fraud over the past 12 months, but the majority are struggling to challenge Google Pay and Apple Pay chargebacks... read more

Global e-commerce transactions increased 21% YoY – Fraud keeps track

10 Dec 20 @ 16:51

New benchmark data reveals a 21% increase in e-commerce transactions globally in November 2020 compared to November 2019. This was driven by strong consumer demand for household items and services,... read more

Novalnet partners with Banking Circle

01 Dec 20 @ 12:36

Novalnet AG, a full-service Payment Provider, is partnering with Banking Circle, for faster and lower cost foreign exchange (FX) and settlement solutions for its 12,000+ customers around the world. Banking... read more

Only 1 in 4 global organisations maintain full compliance with PCI DSS

30 Nov 20 @ 12:26

Global organisations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon Business 2020 Payment Security... read more

Cybersecurity costs: Sopra Steria could pay €50 million for Ryuk attack

26 Nov 20 @ 11:27

Sopra Steria, a supplier to the UK’s NHS, has admitted a ransomware attack on its systems last month is likely to cost the company between €40 million ($48 million) and... read more

Mobile malware soars in Asia with 97% transactions flagged as fraudulent

24 Nov 20 @ 16:21

In Q3 2020 there has been a consistent and significant increase in mobile malware activity with Asia at the epicentre, according to new data published by Secure-D, which currently covers... read more

Cyber crime costs rising: Internal failures most common cause of claims for companies

23 Nov 20 @ 15:29

External attacks on companies result in the most expensive cyber crime insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by... read more

Follow the money: an investigation into money laundering tactics

20 Nov 20 @ 12:05

A new report, ‘Follow the Money’, describes the complex web of money laundering, money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after... 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