Fraud & Security

Showing Latest Fraud & Security

Mobile money transfer still undergoing growing pains

22 Jan 14 @ 14:34

Since entering the public domain, mobile money transfer using the phone platform, has almost lit up the airwaves. Paperwork is at the minimum and speed is usually counted in minutes.... read more

Russian accused of BlackPOS malware used to hack Target

20 Jan 14 @ 12:10

Security firm IntelCrawler has released information implicating a Russian teen sold the BlackPOS malware responsible for breaching security at the retailers Target and Neiman Marcus and affecting as many as 110 million... read more

Target confirms POS malware used in attack

14 Jan 14 @ 11:18

Target has confirmed reports that hackers infected Target’s point-of-sale terminals with malware (POS malware)  to steal the payment card information from millions of customers, the retailer’s chief executive has confirmed.... read more

A bad week for card data security

14 Jan 14 @ 10:25

In the last few days there has been bad news for retailers and their ability to comply with card data security protocols to protect their customer card data from hackers.... read more

UK Fraud Predictions For 2014

18 Dec 13 @ 12:19

Leading fraud and risk management consultancy UK Fraud (www.ukfraud.co.uk) has drawn up a list of predictions for the coming year. Their fraud predictions for 2014 are: 1. The Cabinet Office... read more

Datacard Group announces agreement to acquire Entrust

17 Dec 13 @ 17:01

Datacard Group has entered into an agreement to acquire Entrust, a leader in securing digital identities and information and a Thoma Bravo LLC portfolio company. The acquisition builds on the... read more

Consumers beware: five ways your identity can be stolen

13 Dec 13 @ 11:23

Jumio has revealed the top five ways that identity thieves and fraudsters target victims, in conjunction with the release of a new report entitled The Fraudsters Playbook. The Playbook includes... read more

Spend on financial crime counter measures remains strong

09 Dec 13 @ 09:32

According to a survey from BAE Systems Detica, spend on financial crime counter measures remains a priority for businesses globally. The “Financial Crime Survey 2013”1 reveals that investment by many... read more

New report highlights fraud prevention as a key consideration for businesses

05 Dec 13 @ 12:51

New research announcing continued growth in European online and mobile payment markets comparing five major EU territories: the UK; Germany; France; Belgium and The Netherlands, explores differing regional and cultural... read more

The fight against online payment fraud in Europe

02 Dec 13 @ 11:50

A recent pan-European survey(1) on e-commerce companies to find out what measures they take to combat online payment fraud and what their expectations are in terms of fraud management has... read more

The likelihood of a data breach within an organisation

27 Nov 13 @ 12:31

Prodec Networks has released a new infographic to highlight how vulnerable business are to internal data breach threats. In addition, it shows the financial impact this can have on a business. After employees,... read more

Danish bitcoin exchange Bips suffers cyber-breach

27 Nov 13 @ 09:38

Bips, the Danish bitcoin exchange, has been forced to shut down its consumer wallet initiative after suffering a major cyber-attack that saw £1 million in bitcoins stolen. Copenhagen-based Bips is... read more

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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

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more