Fraud & Security

Showing Latest Fraud & Security

Screen scraping argument hots up as EBA rejects PSD2 amendment tabled by European Commission

04 Jul 17 @ 12:58

The bank Vs FinTech screen scraping argument just got worse as the EBA (European Banking Authority) rejected an amendment to the Payment Services Directive (PSD2) proposed by the European Commission designed to allow the... read more

The Global Payments Innovation Jury report

03 Jul 17 @ 14:32

The Global Payments Innovation Jury report for 2017 exists because 70 senior industry executives were prepared to give their time to thinking through and setting out their views on many... read more

The 4th EU Anti-Money Laundering Directive becomes active

26 Jun 17 @ 15:50

73% of financial crime professionals in UK financial services believe that the 4th EU Anti-Money Laundering Directive will make it easier for firms to prevent money laundering a survey of... read more

How hackers make money on the dark web – Infograph

26 Jun 17 @ 11:04

How much is your information worth on the dark web: Spotify account £2.20 Hulu account £2.20 Netflix £0.80 – £2.40 Paypal £1.20 Social Security Number £0.80 Drivers license £16.00 Credit... read more

Global cybersecurity trends – Trustwave 2017 report

20 Jun 17 @ 10:57

Trustwave has released its 2017 cybersecurity report which reveals the top cybercrime, data breach and security threat trends from 2016. The report reveals both good and bad news in the world... read more

Banks to face fines totalling €4.7bn in first three years under GDPR

14 Jun 17 @ 16:55

A new report from Consult Hyperion, forecasts that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR).... read more

PSD2 and Risk Based Authentication: The Issuer Story

13 Jun 17 @ 10:08

Issuers have been using Risk Based Authentication (RBA) to great success for some time now. With new legislation coming in, there is confusion in the market about what RBA means... read more

New FIME tool qualified by EMVCo for Level 1 Testing

02 Jun 17 @ 12:23

FIME has completed its EMV Level 1 testing portfolio with the launch of EMVeriPOS. The new tool ensures that the communication between payment terminals and contact EMV chip cards is in... read more

Contactless card fraud is on the rise – UK rate hits 4,500%

02 Jun 17 @ 12:05

So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit... read more

94 million Americans store their card information online

01 Jun 17 @ 16:36

Concerns about identify theft and credit card fraud aren’t stopping most Americans from storing their credit and debit card information online, a new report reveals. Two out of every three... read more

E-commerce fraud has decreased nearly 35% since 2016

01 Jun 17 @ 13:58

E-commerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still account for... read more

Cybercrime will cost businesses over $2 trillion by 2019

01 Jun 17 @ 09:23

New research suggests that the rapid digitisation of consumers’ lives and enterprise records will increase the cost of cybercrime via data breaches to $2.1 trillion globally by 2019, increasing to... read more

Trending

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