Fraud & Security

Showing Latest Fraud & Security

Card fraud credit cards using quantum physics?

18 Dec 14 @ 12:41

Dutch researchers claim to have enabled the power of quantum mechanics in a way that could be used to make card fraud a thing of the past. In a paper posted... read more

Cyber crime to drastically increase this Christmas

17 Dec 14 @ 14:19

Christmas 2014 looks set to have a large increase in cyber crime with the UK shopper set to spend a record £374.3 million over the festive period with one in... read more

Charge Anywhere admits security breach

15 Dec 14 @ 12:15

It has been revealed that for the last five years, hackers have been using a banking malware to siphon unencrypted credit/debit card information from the computer networks of Charge Anywhere, an... read more

US banks partners Payfone for mobile authentication

15 Dec 14 @ 10:43

Payfone a mobile authentication startup,  is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they... read more

Hackers will target Apple Pay and ATMs in 2015

12 Dec 14 @ 11:05

Apple Pay and ATMs are included on Woburn, Mass.-based data-security services provider Kaspersky Lab Inc.’s newly released list of nine security predictions for 2015. The top targets will be banks, which... read more

USA: EMV at the ATM

10 Dec 14 @ 11:09

Vast numbers of hours, experts and resources have been devoted to the implementation of the EMV standard for credit and debit cards in the United States. As the smoke begins... read more

US outlines cyber security steps for securing the payments system

08 Dec 14 @ 09:49

This week, the Merchant Financial Cyber Partnership announced plans to strengthen the security of the payments system and align on cyber security. In a press release, the group announced the... read more

Target fails to get lawsuit overturned

03 Dec 14 @ 15:32

US retailer Target has failed to overturn the lawsuit brought against them by financial institutions over losses associated with last year’s data breach after a US judge has given  the go-ahead to... read more

Online merchants struggling to cope with the ‘fragmentation of fraud’

03 Dec 14 @ 15:17

More than three-quarters of online merchants (79%) believe the growing proliferation of markets, purchasing channels and payment methods pose a significant challenge for effectively dealing with fraud, according to the... read more

Global banks investment in payment technology as top priority

02 Dec 14 @ 10:10

It has been revealed that payment technology is set to be a key area of focus for banks across the globe in 2015 – according to the Ovum ICT Enterprise Insights* program, based... read more

Smartphones key to biometric e-commerce

01 Dec 14 @ 17:00

MasterCard is seeking to partner with Visa to use biometric information to replace passwords for online payments. Existing password-based online security authentication is known as 3D Secure, which the two... read more

Global ATM fraud survey

27 Nov 14 @ 10:30

ATMIA has  published its 2014 global ATM fraud survey. Respondents from 42 countries, across all major regions, took part in the survey, up from a geographical spread in the 2013... 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