Fraud & Security

Showing Latest Fraud & Security

Round-up: Financial crime in focus

10 Apr 19 @ 10:11

Newton’s Cradle (a highly favoured executive toy) was a common sound in offices for many years. If you cast your mind back to your schooldays you’ll no doubt remember that... read more

The future of KYC? What’s so cool about KY3P

08 Apr 19 @ 12:35

A group of 12 regional and digital financial institutions have joined together as investors and members in KY3P, for managing third-party risk and optimising the processes by which financial institutions... read more

More money laundering worries for Nordic banks

28 Mar 19 @ 11:06

Heads continues to roll in the Nordic banking sector as the chief executive of Swedbank was fired by the board, paying the price for a rapidly escalating €135 billion money... read more

Fraud Report: losses on UK-issued cards totalled £671.4 million in 2018

22 Mar 19 @ 16:35

Fraud losses on UK-issued cards totalled £671.4 million in 2018, a 19% increase from £565.4 million in 2017. At the same time, total spending on all debit and credit cards... read more

FIN7 gyber gang: Inside Astra Panel and SQLRat Malware

21 Mar 19 @ 09:57

Despite the arrests of three prominent members of the FIN7 cybercrime gang beginning in January 2018, attacks targeting businesses and customer payment card information did not cease. The latest evidence involves the... read more

The global state of online digital trust – a warning from consumers

14 Mar 19 @ 16:40

Amidst a continuous stream of headlines around digital trust and about major data breaches in enterprise and government agencies, the degree to which consumers have placed their trust in organisations... read more

Cybercrime report: The rise of the mobile bot

07 Mar 19 @ 13:01

According to a new cybercrime report, news has recently emerged of the first machine learning generated fingerprints. According to Wired.com, a group of computer scientists from New York University’s engineering... read more

Payment Card Yearbooks: European payments continue to rise rapidly

04 Mar 19 @ 12:42

Driven by contactless card payments and by increased card usage, in 2017 the number of card payments continued to grow across the 33 countries covered by our PCM’s Payment Card... read more

Video: The future of banking and what’s really important to the customer

01 Mar 19 @ 13:00

Transformation of some sort is taking place in almost every part of the financial services sector but what does this really mean for the future of banking, and most importantly... read more

An ID-eal position: Banks and trusted digital identity

01 Mar 19 @ 09:24

The rapid pace of digital transformation has left many industries scrambling to find secure, convenient ways of establishing identity for digital services. The digital identity ecosystem has become fragmented and... read more

Fraudsters turn to Telegram Bots for cybercrime automation

13 Feb 19 @ 13:30

As part of the mobile and social media revolution, the Telegram messaging app has experienced significant growth, adding 350,000 new users daily. The platform has been widely adopted globally and... read more

Bangladesh Bank files lawsuit in partnership with New York Federal Reserve and SWIFT

12 Feb 19 @ 13:35

Back in 2016, The Bangladesh Bank suffered a massive cyber heist. Now, the bank has filed a lawsuit in New York federal court to recover the lost $81 million. The... 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