Fraud & Security

13 Aug 15 @ 16:57

Commonwealth Bank of Australia (CBA) has apologised to its customers following a system error that saw customers being double-charged for debit, credit and mobile payments over a six-day period. The... read more

10 Aug 15 @ 16:33

UK mobile phone retailer Carphone Warehouse has suffered a serious data hacking breach that may have compromised the banking details of 2.4 million customers. The breach was discovered on 5... read more

07 Aug 15 @ 16:41

The US migration to EMV is failing to gain momentum, with just one in 10 people receiving EMV cards, according to a new poll from GfK Public Affairs. Although the... read more

06 Aug 15 @ 16:45

Vasco Data Security, a global digital security specialist, has announced that Sumitomo Mitsui Banking Corporation (SMBC) will provide their online retail banking customers with a highly-secure mobile banking solution for... read more

06 Aug 15 @ 16:31

A majority of US small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted in mid-July.... read more

05 Aug 15 @ 17:04

New figures from payment industry researchers The Nilson Report show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards in 2014. These figures... read more

31 Jul 15 @ 16:09

UK bank NatWest, part of the RBS group, has suffered another online banking crash which has affected thousands of users. The latest IT failure comes only six weeks after the... read more

30 Jul 15 @ 12:00

After a series of high-profile hacking attacks, many companies are considering more aggressive tactics to fight back against cyber crime, including “active defence” strategies. The most controversial is “hacking back”... read more

30 Jul 15 @ 10:30

While banking customers have already been able to use the voice control mode on the ING Netherlands app, now they can also make voice-activated payments leveraging voice biometric technology. A... read more

30 Jul 15 @ 09:30

The arrival of the new Payment Services Directive (PSD2) in the internal market repealing the current Payment Services Directive 2007/64/EC (PSD1) has been a closely monitored development since the publication... read more

29 Jul 15 @ 13:26

According to a very interesting article in the FT – two weeks after hackers broke into Sony Pictures’ computer systems, deleting important company files and exposing embarrassing emails, technology experts... read more

28 Jul 15 @ 13:26

Banking bosses say that a cyber attack is among their biggest fears, with nearly 80% of chief executives of financial services firms worrying about this potential risk. But five months... read more