Fraud & Security

Showing Latest Fraud & Security

COVID-19 and e-commerce fraud tracker launched

27 Apr 20 @ 15:54

Sift has announced the release of its COVID-19 and E-Commerce Fraud Tracker, a weekly updating digest of changes in e-commerce and fraud amid the COVID-19 pandemic. As businesses in nearly... read more

Data breaches are making online user identity difficult – We need a better approach

27 Apr 20 @ 06:00

We can no longer rely on personal data alone to confirm user identity online. Databases are now so routinely hacked into, compromised and distributed to criminals over the dark web... read more

YouTube sued by Ripple over cryptocurrency scam videos

22 Apr 20 @ 15:51

Ripple filed a lawsuit on Tuesday that accuses streaming giant YouTube of turning a blind eye to scams that have defrauded consumers. In a complaint filed in San Francisco federal court,... read more

UK Acquirers share their SMB top tips to survive COVID-19

21 Apr 20 @ 19:10

In a global first, all the major UK acquirers have come together to show collective support for businesses impacted by the COVID-19 crisis and share their views on what businesses... read more

How Finastra survived a ransomware attack without paying ransom

16 Apr 20 @ 10:29

When hackers silently forced their way into the computer network Finastra in mid-March, the company was focused on developing emergency plans for operating amid the emerging COVID-19 coronavirus pandemic. Moving... read more

Why numberless cards are not enough to tackle payment fraud

16 Apr 20 @ 08:30

A UK cybersecurity startup, swIDch, has announced an alternative technology to overcome the limitations of numberless cards by using dynamic PANs (primary account number), thereby creating a new security environment in... read more

Fresh Marriott International data breach puts 5.2 million at risk

07 Apr 20 @ 12:06

Marriott International has sadly had to admit that it has suffered a second data breach following the earlier admission in 2018. According to an incident notification published on their website, the company spotted... read more

COVID-19 outbreak is perfect storm for cybercriminals

06 Apr 20 @ 12:27

COVID-19 is forcing millions of employees to work from home. This means countless organisations are faced with a unique challenge: how to keep as many business-critical functions running as possible... read more

MYHSM and OpenWay rethink payment security in the cloud

31 Mar 20 @ 12:50

A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a... read more

E-commerce payment fraud to exceed $25 billion annually

30 Mar 20 @ 13:18

A new study has found that merchant losses to e-commerce payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of... read more

Banking Trojan conning people to identify those infected by COVID-19

24 Mar 20 @ 17:24

The infamous Ginp banking Trojan, which acquired the ability to insert fake text messages into the inbox of a regular SMS app back in March, has now acquired a new... read more

Inside payment card fraud

20 Mar 20 @ 13:29

Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... 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