Fraud & Security

Showing Latest Fraud & Security

Data breaches in Financial Services on the rise globally

30 Oct 17 @ 09:55

Almost half (49%) of global financial services organisations have experienced a data breach in the past, according to the 2017 Data Threat Report. The report also reveals 21% have been... read more

Strategies for securing retail payment data

23 Oct 17 @ 11:16

Verizon recently released its annual Payment Security Report. And for retailers, the report highlighted significant areas for improvement in encrypting data, securing transmitted retail payment data, and authentication. This should serve as... read more

E-commerce authentication gets a major makeover

19 Oct 17 @ 18:24

We live in digital times. Customers are increasingly shopping online and on mobile devices. In fact, the number of Europeans regularly using a mobile device — smartphone, tablet or wearable... read more

PSD2 and Europe’s Open Banking Mandate – a PCM report

18 Oct 17 @ 13:00

In a new report, PSD2 and Europe’s Open Banking Mandate, we aim to analyse the implications of the revised Payment Services Directive, PSD2, for the European banking industry and Open Banking... read more

80% of UK companies face “major challenges” for GDPR compliance

12 Oct 17 @ 12:40

The race against time has already begun: the new GDPR (General Data Protection Regulations), defined in 2015 to strengthen consumer protection at European level, will come into effect as early... read more

Taiwanese Bank bank loses $60m in Swift malware attack

10 Oct 17 @ 13:07

Almost $60 million has been stolen from Far Eastern International Bank in Taiwan using a Swift malware attack last week, with funds being routed to accounts in Cambodia, Sri Lanka and the... read more

Global websites hacked to allow crypto-currencies to be mined

09 Oct 17 @ 11:53

Hackers have managed to install code on the sites that uses visitors’ computers to “mine” the crypto-currencies. School, charities and file-sharing websites have been caught out by scammers who are... read more

Canadian banks wary of Opening Banking access to financial data

04 Oct 17 @ 10:00

As Open Banking in Europe continues to gather momentum, Canada’s banking industry has issued a warning to government about giving Canadians more control of their own banking data: proceed with caution.... read more

An elaborate ATM threat crops up: Network-based ATM malware attacks

02 Oct 17 @ 13:08

Infecting automated teller machines (ATMs) with malware (ATM malware) is nothing new. It’s concerning, yes. But new? Not really. We’ve been seeing physical attacks against ATMs since 2009. By physical, we... read more

Mastercard launch Early Detection System to combat card fraud after data breaches

02 Oct 17 @ 10:46

It can now take as little as 9 minutes for stolen card and account data to be used via the dark web. With this in mind, Mastercard has announced the... read more

Viewpoint from the Biometrics Institute – Spoof or proof?

27 Sep 17 @ 10:58

The security of biometrics technology is in the spotlight and stakeholders must take a balanced view on its strengths and vulnerabilities. As deployments proliferate, the technology’s credibility rests on the... read more

Money laundering: the fifth largest economy in the world at 3% of global GDP

21 Sep 17 @ 10:31

Leading defence and security organisation, BAE Systems has set out six criminal types responsible for money laundering around the world, to help global businesses understand the motivations and modus operandi... 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