Fraud & Security

01 Nov 18 @ 12:03

An unprecedented combination of drivers for change are at work in today’s financial services industry. Some of these factors, particularly digitisation, are influencing the majority of industries – driving increasing... read more

31 Oct 18 @ 18:35

GlobalPlatform, the standard for secure digital services and devices, has conservatively calculated that more than 5.5 billion Secure Elements (SEs) deployed in 2017 were based on its specifications, an increase... read more

30 Oct 18 @ 12:58

The FCA says it is looking at a potential ban on the sale of cryptocurrency derivatives based on cryptocurrencies such as Bitcoin, in a move that would make it the... read more

18 Oct 18 @ 16:32

The National Cyber Security Centre (NCSC) has published its second annual review, revealing it has prevented Britain falling victim to nearly 1,200 cyber attacks in the past two years. It... read more

17 Oct 18 @ 16:17

Apple, in a rare public protest, has exposed the Australian government’s proposed anti-encryption bill, calling it “dangerously ambiguous” and “alarming to every Australian”. The Access and Assistance Bill would see... read more

16 Oct 18 @ 12:57

The Second Payment Services Directive (PSD2) certainly covers a lot of ground, but one important and largely overlooked aspect is the requirement that: “strong customer authentication […] should be applied each... read more

12 Oct 18 @ 11:50

The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering the first six months of 2018 which reports that losses due to card fraud... read more

11 Oct 18 @ 13:54

Mastercard, WorldPay and AmEx were among the payment processors who took part in a ‘cyber war game’, in a bid to test their systems amid rising IT security threats. The... read more

11 Oct 18 @ 08:54

There is no doubt that lack of trust in the payment system remains a fundamental obstacle to a cashless society. Research shows that consumers are now more concerned than ever... read more

10 Oct 18 @ 10:24

It has recently been reported that a number of US technology heavyweights including Amazon and Apple have been hacked. According to Bloomberg, in 2015, Amazon.com began quietly evaluating a startup called Elemental Technologies,... read more

04 Oct 18 @ 12:46

A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift.... read more

01 Oct 18 @ 10:11

The UK’s financial regulator (FCA) has issued Tesco bank with a £16.4 million penalty over an online cyber incident that occurred two years ago, the first fine the FCA has... read more