Fraud & Security

Showing Latest Fraud & Security

Protection for the 21st Century: How secure are merchants?

19 Jul 19 @ 09:48

According to an article which first appeared in InPayments, Security is an ongoing concern for SMEs, especially when transactions are taking place via online channels, with customers and service providers... read more

Marriott International facing $123 million GDPR fine data breach

10 Jul 19 @ 10:52

Marriott International Hotel group has become the second firm to face a GDPR fine as the UK regulator continues to bear down on companies that fail to protect data. The... read more

Payment card fraud funding terrorism and other transnational crimes

01 Jul 19 @ 06:18

Researchers at the premier dark web data intelligence company, Terbium Labs, have released the findings of new research that examines the deeply intertwined nature of payment card fraud and transnational crime. Results... read more

FCA bows to pressure and allows more time for Strong Customer Authentication

01 Jul 19 @ 05:39

As powerful cross industry groups piled on the pressure, the UK’s Financial Conduct Authority (FCA) has published its response to the European Banking Authority’s Opinion on Strong Customer Authentication (SCA) under... read more

Strong Customer Authentication: What matters most to online shoppers – security or convenience?

27 Jun 19 @ 08:23

With Strong Customer Authentication (SCA) coming into force on 14 September 2019 as the final part of PSD2, many online businesses are required to add additional security measures to large... read more

Report: Adapting to the new reality of evolving cloud threats

25 Jun 19 @ 11:05

While Software-as-a-Service (SaaS) application usage is proliferating, and workloads are increasingly migrating to Infrastructure as a service (IaaS) like AWS and Azure, on-premises applications, storage, and private clouds persist. The... read more

EBA publishes an Opinion on the elements of strong customer authentication under PSD2

25 Jun 19 @ 10:12

The European Banking Authority (EBA) has published  an Opinion on the elements of strong customer authentication (SCA) under the revised Payment Services Directive (PSD2). The Opinion is a response to... read more

Banks warn on e-commerce failure as PSD2 deadline looms

24 Jun 19 @ 12:40

The first of the mandated PSD2 deadlines has been and gone and 41% of European banks did not comply with the PSD2 deadline, which required them to provide a testing... read more

New annual figures show UK fraud continues to rise

19 Jun 19 @ 16:25

Cifas, the UK’s fraud prevention service, has released an alarming picture of fraud in the UK with the release of  Fraudscape, the annual publication of its data that identifies and... read more

Allied Wallet settles $110 million FTC fraud case

13 Jun 19 @ 12:31

The Federal Trade Commission has confirmed that Allied Wallet helped perpetrators to defraud more than $110m from consumers in scams, pyramid schemes and unlawful debt collection operations. An online payment... read more

Malicious mobile banking trojans grew by 58% in Q1 2019

28 May 19 @ 17:14

Kaspersky Lab researchers have uncovered a worrying rise in mobile banking trojans and malware designed to steal credentials and money from users’ bank accounts: in Q1 2019, researchers found 29,841... read more

2.6 billion smart payment cards shipped globally in 2018

28 May 19 @ 09:27

Smart Payment Association (SPA), the trade body of the smart payments industry, has published its 2018 annual top smart payment card shipments. Data from SPA members shows the continued year-on-year... 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