Fraud & Security

Showing Latest Fraud & Security

Thieves target contactless payment cards

23 Jul 15 @ 10:21

Consumer group Which? has warned that data from contactless debit and credit cards is at risk of being intercepted by thieves. All 10 credit and debit cards tested revealed some... read more

European cross-border and card-not-present fraud on the rise

22 Jul 15 @ 13:44

Card fraud losses across 19 countries in Europe rose an average of 6% in 2014, according to a new report based on data from Euromonitor International. But the low overall rise... read more

Darkode hacking forum smashed – 12 charged

17 Jul 15 @ 13:54

US authorities working with law enforcement officials abroad say they have shut down the Darkode online forum used by cybercriminals around the world and charged 12 people linked to the... read more

Mobile Identity: the fusion of financial services, mobility and identity

17 Jul 15 @ 13:35

A new report looks into generational change – particularly as it affects Gen X and Y, who together make up half of the global population . Their adoption of mobile... read more

New data security standards published

16 Jul 15 @ 11:51

Following various high-profile encryption protocol vulnerabilities, the PCI Security Standards Council has published an out-of-schedule update to the PCI Data Security Standards (PCI DSS) and Payment Application Data Security Standard... read more

Dyre malware reboots for holiday phishing attacks

15 Jul 15 @ 10:40

Shortly after online banking customers in the UK were warned of a major phishing campaign using the notorious Dyre malware designed to steal financial data, the malware has resurfaced in a new iteration... read more

An introduction to the Trusted Execution Environment for mobile services security

13 Jul 15 @ 11:46

GlobalPlatform, the organization which standardizes the management of applications on secure chip technology, has published a white paper, which introduces the Trusted Execution Environment (TEE) and examines its role in addressing an... read more

Voice biometrics – securing transactions and improving customer experience

07 Jul 15 @ 14:41

ValidSoft secures transactions and delivers a positive users experience. Built around voice biometrics ValidSoft’s multifactor authentication solution ensures strong security that’s incredibly simple for the user.

Mastercard testing facial biometrics security app

06 Jul 15 @ 15:43

Mastercard says it is testing a smartphone app that uses facial biometrics to verify online purchases. Users in the trial can hold their phone up as though taking a selfie to... read more

Current accounts top target for fraudsters

02 Jul 15 @ 18:24

The humble current account has become the most targeted financial product by fraudsters, due to a loophole in the UK’s seven-day switching service. At least 89 in every 10,000 applications for... read more

Biometrics has a strong future in financial services

02 Jul 15 @ 18:09

The financial services industry must set aside competition and collaborate on biometrics to ensure consistent, easy and convenient services for end users. These are the findings of a survey published... read more

25% jump in cross border fraud on UK debit cards

25 Jun 15 @ 10:31

The percentage of fraudulent transactions occurring outside the UK in 2014 on UK debit cards rose 25% in a massive sample of cards studied by analytic software firm FICO. Cross border... 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