Fraud & Security

08 Jul 14 @ 16:29

ATM manufacturers Diebold and Wincor Nixdorf have decided to put competitive differences aside in order to form an ATM security association. The two have come together as criminals renew their... read more

30 Jun 14 @ 10:42

Android malware, a malicious software that can imitate legitimate online banking applications is hitting customers in South Korea, with thousands of devices infected in the last week, according to a... read more

30 Jun 14 @ 10:35

Since the beginning of 2014, some of the UK’s main high street banks have reported losses of over £21 million from vishing attacks, where consumers are tricked into handing over... read more

25 Jun 14 @ 12:19

A global fraud study of more than 6,100 consumers across 20 countries revealed that one in four consumers is a victim of card fraud in the last five years. The... read more

24 Jun 14 @ 10:49

Fraud events make consumers afraid, and FIs see costly customer attrition as a result. With 1,367 confirmed data breaches in 2013, organized fraud rings innovating constantly, and consumers losing confidence... read more

16 Jun 14 @ 16:24

Spurred by major data breaches at Target and other stores, the US banking and retail sectors are turning to more secure microchip-based EMV payment cards, causing US shipments of these... read more

16 Jun 14 @ 16:16

The French domestic card scheme, Groupement des Cartes Bancaires (CB), is planning to introduce biometric payment based on fingerprints before the end of 2014. CB is working with the National... read more

12 Jun 14 @ 12:29

In the wake of high-profile retailer breaches, how is the payment industry responding? The year 2013 looks likely to be defined as the year of the data breach, as fraudsters... read more

11 Jun 14 @ 09:30

The UK finance industry has launched a cyber security framework for sharing detailed threat intelligence, testing cyber security and benchmarking financial service providers. The CBEST framework was developed by the Council of Registered... read more

05 Jun 14 @ 16:39

Tech giant IBM has patented a fraud prevention technique which analyses how users interact with websites to spot anomalous behaviour. According to IBM, its patented software will help businesses to... read more

04 Jun 14 @ 13:52

In the latest twist concerning the Russia/Ukraine/Crimea situation, it has been reported that the head of a Russian payments company, who was imprisoned in 2013 for organising a cyberattack on... read more

04 Jun 14 @ 13:47

American Express has contacted around 75,000 of its customers in California to warn them that their card data has been posted online by Anonymous Ukraine. In March this year, the... read more