Identity

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New figures reveal identity fraud falls for the first time since 2014

14 Aug 18 @ 13:34

Cifas, the UK fraud prevention service, has released new figures showing that identity fraud has fallen for the first time since 2014. Figures show a 5% drop in the first six... read more

Retail fraud volume and cost increase sharply according to 2018 True Cost of Fraud report

13 Aug 18 @ 13:56

In the new and comprehensive 2018 True Cost of Fraud report, for the retail sector, LexisNexis Risk Solutions findings show fraud is escalating at an unprecedented pace in an industry already operating... read more

Fraud losses rising across Europe – UK see 8% drop in card fraud

06 Aug 18 @ 13:08

Markets across Europe have made significant gains in the fight against card fraud, specifically in France and the UK, which achieved 6% and 8% reductions. Despite this, losses across the... read more

Dark web: The criminal cyber services market

02 Aug 18 @ 14:04

The news today is full of stories about financial damage caused by the dark web, cyber crime and hacker attacks against organisations, or about hundreds of thousands of user accounts... read more

Security fears threaten biometric payments growth

01 Aug 18 @ 08:36

As reported earlier by PCM, Biometric payments are poised for significant growth, but substantial consumer security concerns could put its future at risk according to a new report from Transaction... read more

Biometrics: The nirvana of personal security?

27 Jul 18 @ 10:41

By 2020, nearly all smart devices including mobile phones, tablets and wearables will have some form of biometrics security enablement. By the same time, personal banking through mobile apps will... read more

Mobile biometrics to authenticate $2 trillion of sales by 2023

26 Jul 18 @ 08:36

A new study has found that mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023. This is 17 times the $124 billion... read more

UK court ruling allows Police to seize and use money laundered cryptocurrency

25 Jul 18 @ 15:03

The UK Police force in Surrey has become the first UK force to seize and convert bitcoin as part of a criminal probe, netting £1.25m worth of the cryptocurrency, some... read more

Biometric technology use set to rocket for payment authentication

13 Jul 18 @ 10:27

With new EU regulations coming into place next September, Mastercard is predicting a significant increase in the use of biometric technology to authenticate who is paying. With regards to card... read more

Biometrics – Giving the finger to fraud

04 Jul 18 @ 17:25

Clearing up the mess left behind by fraudsters is a serious challenge and sees financial institutions having to absorb the monetary and logistical damage of card payment fraud daily. Meanwhile,... read more

EBA clarifies Strong Customer Authentication requirements for PSPs

28 Jun 18 @ 15:48

The European Banking Authority has published an Opinion on the implementation of the Regulatory Technical Standards on Strong Customer Authentication and common and secure communication. It has also published a... read more

Cyberattackers use Hidden Tunnels to spy on and steal financial data

22 Jun 18 @ 11:05

Vectra has released in-depth analysis that many global financial services organisations are targeted by sophisticated cyberattackers exhibiting the same attacker behaviours that Led to the 2017 Equifax Breach. As part of key findings in... read more

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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