Fraud & Security

Showing Latest Fraud & Security

Only one in eight Brits will switch to digital-only bank

28 Apr 15 @ 12:16

Digital-only banks will struggle with UK banking customers when they launch this year, with only one in eight (13%) consumers claiming that they plan to switch to an account with a digital-only... read more

Payments technology and fraud prevention top list of investments for banks and retailers

27 Apr 15 @ 16:57

A new payments survey of more than 1,100 executives representing leading banks, retailers and billing organizations across the Americas, Asia-Pacific and EMEA revealed that although 80% of them understand they... read more

New POS malware family named Punkey

22 Apr 15 @ 10:37

In conjunction with a US Secret Service investigation, Trustwave SpiderLabs researchers have unearthed a new family of POS malware. POS malware is a sinister and often difficult-to-detect threat that preys on retailers... read more

Consumers want part in protecting their payment cards from fraud

20 Apr 15 @ 11:59

A survey conducted in the US, Canada and the UK by FICO shows that fraud is top-of-mind for consumers in the wake of high-profile data breaches. Respondents’ primary concern about payment... read more

AmEx Lab testing facial recognition technology

17 Apr 15 @ 13:36

According to a WSJ blog, American Express is experimenting with facial recognition and wearable technology that could turn into new capabilities for some of its mobile apps, including products aimed... read more

86% of fraud in chargebacks

17 Apr 15 @ 12:45

Global Risk Technologies (GRT) recently examined friendly fraud, and found approximately 86% of chargebacks are fraudulent, and many consumers bypass merchants to directly file complaints with card-issuing banks. GRT CIO... read more

Card fraud increases as stolen cards used once every 20 seconds

15 Apr 15 @ 12:50

British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over... read more

Cybercrime bigger than drug trade

14 Apr 15 @ 16:54

In an extraordinary presentation at a TechUK event Adrian Leppard, the City of London police commissioner attacked the big banks by saying that cybercrime may now be bigger than the drug... read more

Card Fraud Report 2015 – now available

14 Apr 15 @ 12:46

Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use... read more

European ATM crime incidents fall 26%

13 Apr 15 @ 16:36

In a European ATM Crime Report covering the full year 2014 EAST (European ATM Security Team) has reported that ATM related fraud incidents fell 26% when compared to 2013, although... read more

Internet spending is one-third of UK card expenditure value

07 Apr 15 @ 13:39

New figures published by the UK Cards Association show that 30% of the value of all spending on cards in January was via the internet, with £15.4 billion of the... read more

Intel and Ingenico team up for Internet of Things

07 Apr 15 @ 13:35

Ingenico Group and Intel Corporation have announced a collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things. The companies will jointly develop a... read more

Trending

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

E-commerce payments enter the age of managed complexity

11 May 26 @ 19:54

The global e-commerce payments market is no longer simply a story of digital adoption. It is becoming a test of operational control. [caption id="attachmen... more