Fraud & Security

Showing Latest Fraud & Security

Travelex being held to $3 million ransom by cyber criminals

07 Jan 20 @ 15:19

On Thursday the 2nd January the Travelex sites went down after the foreign currency service discovered it had been hit by a software virus. The company said it had immediately... read more

Fighting fraud in the 2020s

07 Jan 20 @ 12:45

Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise... read more

Authorised Push Payment Fraud (APP Fraud): The perfect storm

06 Jan 20 @ 13:28

The Digital Revolution is changing our lives every day, but human nature does not change, and with every technological advance, new crimes emerge. As digital makes deeper inroads into our... read more

Evolution of card fraud in Europe: Data compromise overshadow improvements

09 Dec 19 @ 18:00

Driven by the hardening of regulatory frameworks and an increase in prevention techniques, significant improvements in plastic card fraud have been recorded in multiple markets across Europe. For example, the... read more

A review of the biggest cyber attacks in history…

03 Dec 19 @ 11:21

Cyber attack — the words alone can be enough to incite panic. Between a lack of understanding and media sensationalism, any mention of cyber attacks brings to mind catastrophic levels... read more

Have yourself a Merry SCA-Mas…?

29 Nov 19 @ 09:00

E-commerce sales always explode at Christmas. This year, analysts predict the highest volumes ever for online shopping – and online fraud. Though the EU created SCA to combat online fraud,... read more

£4.7 billion stolen from UK credit card fraud

28 Nov 19 @ 15:32

Millions of UK credit card customers have fallen victim to credit card fraud over the last year, research from Compare the Market reveals. In the last 12 months, over a... read more

Black Friday: E-commerce attacks rise by 15%

25 Nov 19 @ 15:35

As Black Friday continues to grow in popularity, online shoppers are more likely to be the victim of cyber-attacks, a new report from Kaspersky has revealed. E-commerce attacks targeted directly... read more

The hashtags that could land you in jail

22 Nov 19 @ 09:26

Research from Santander and former fraudster Tony Sales has exposed the dangerous hashtags on social media being used by criminals to recruit innocent – and particularly young – people into... read more

What fraud teams need to know about Joker’s Stash

13 Nov 19 @ 18:35

The ecosystem for stolen credit card information comes in several varieties, ranging from low-tier markets selling recycled cards from past breaches, to those at the top tier, with unused card data that... read more

Quantum Dawn: Financial industry finishes annual ‘doomsday’ cybersecurity exercise

08 Nov 19 @ 10:55

This week, SIFMA (Securities Industry and Financial Markets Association), held the fifth in its series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as... read more

Fraud attacks increase 30% in Q3 as cybercriminals test stolen credentials in advance of holiday retail season

07 Nov 19 @ 10:44

Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season. The Q4 Fraud... 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