Fraud & Security

20 May 16 @ 13:32

The PCI security standards council (PCI SSC) has published an update to its global data security standard. PCI DSS Version 3.2 replaces version 3.1 to address growing threats to customer... read more

18 May 16 @ 14:02

A Russian-speaking Skimer group forces ATMs to assist them in stealing users money. Discovered in 2009, Skimer was the first malicious program to target ATMs. Seven years later, cyber criminals... read more

18 May 16 @ 12:47

The fraudsters’ calculation is simple: where there’s a great deal of revenue to be earned, there’s a great deal of fraud to be committed. And where there’s even more revenue... read more

17 May 16 @ 13:15

The European Central Bank will set up a database to register incidents of cyber attack and cyber crime at commercial banks, aiming to create an early warning and analysis system... read more

16 May 16 @ 15:22

A Swift cyber-attack, similar to one that saw $81m (£56m) stolen from Bangladesh’s central bank, has reportedly hit a second bank. The warning about the second attack came from Swift,... read more

12 May 16 @ 14:32

The US Federal Trade Commission (FTC) is flexing its muscles regarding data security. In early March 2016 the agency issued orders to nine companies that conduct payment card industry data... read more

09 May 16 @ 12:35

iovation and Aite Group have developed an impact note entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculates that card not present fraud – fraudulent transactions where a... read more

09 May 16 @ 12:19

The European Central Bank has stopped producing €500 notes, in a move it depicts as a crackdown on crime but which critics in German-speaking countries say is part of an... read more

29 Apr 16 @ 15:38

ATMs can be easily hacked and ATM malware installed, meaning funds could be stolen, a report by Kaspersky Labs has revealed. The company identified two key hardware flaws with the... read more

27 Apr 16 @ 14:33

The Smart Payment Association (SPA), the trade body of the smart payments industry, has released the findings from its annual review of the smart payment card market. Data collated by... read more

26 Apr 16 @ 11:25

In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT... read more

19 Apr 16 @ 16:13

Global Security Report – Cybercrime is big business. We hear it so often that the words threaten to lose their impact. But the details still have the capacity to shock.... read more