Fraud & Security

Showing Latest Fraud & Security

Building trust in mobile apps the consumer perspective

26 Jan 17 @ 16:25

Today we are witnessing a convergence of industries in the mobile world as well as the undeniable influence of mobile on every aspect of our lives. The rise of handsets,... read more

Digital disruption – the year the Chinese FinTech dragon roared

26 Jan 17 @ 11:18

2016 was the year when the Chinese FinTech dragons roared and some previously feted Western FinTech leaders wilted. In its first Digital Disruption GPS report by Citi, they argued that China was... read more

Banking on biometrics – can the password survive in 2017?

25 Jan 17 @ 15:14

With the rise of biometrics within financial services, could you become your own password? Bill Gates claimed the password could not meet the challenge of keeping information secure and predicted... read more

90% of UK unaware of Open Banking – would not consent of personal data sharing

24 Jan 17 @ 10:48

Research from Equifax has revealed that 90% of UK consumers have not heard of the Open Banking initiative, with 45% of respondents then going on to say that they are... read more

Lloyds hit by international criminal gang cyber attack

23 Jan 17 @ 10:55

A cyber attack by an international criminal gang is though to be responsible for digital services at Lloyds Banking Group being intermittently down for more than two days. The denial of service... read more

Mobile payments fraud set to become painful in 2017

23 Jan 17 @ 10:43

The mobile channel can facilitate nearly any type of consumer payment, often with greater convenience than before. This has attracted a growing legion of dedicated users, yet wherever legitimate payments... read more

US data breaches increase 40 percent in 2016

20 Jan 17 @ 12:18

The number of US data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC)... read more

Western Union settles $586m anti-money laundering fine

20 Jan 17 @ 10:27

Western Union has agreed to settle $586m after admitting that it violated US anti-money laundering laws by ignoring evidence that thousands of its agents were involved in sending illicit cash... read more

Payment Card Statistics for Europe and Eurasia – Yearbooks 2016-17

19 Jan 17 @ 10:53

PCM would like to announce the publication of the updated Payment Card Statistical Yearbooks 2016-17 (Statistics for Europe and Eurasia) – and its corresponding website paymentyearbooks.com. In this business, we know you need to... read more

Nigerian Central Bank bans Bitcoin and virtual currency

19 Jan 17 @ 09:29

The Central Bank of Nigeria (CBN) has barred deposit taking banks and all other financial institutions from the operation of any form of virtual currency. The warning by the Apex bank... read more

Webinar: Data Protection in the Changing Payments Landscape

18 Jan 17 @ 10:52

With continued improvements in payments security through technologies such as P2PE and EMV, the PCI community has been effective at combating crime in a wide variety of financial institutions, retail... read more

2017 – the year that AML fines break through the £4 billion barrier globally?

17 Jan 17 @ 15:14

The amount of money laundered by foreign criminals is estimated to be as high as £100 billion a year and unlawful tax avoidance costs UK taxpayers as much as £2.7... 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