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Financial fraud in H1 2016 increased to £399.5 million

14 Oct 16 @ 16:51

Financial fraud in H1 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published by Financial Fraud Action UK (FFA UK) show. Banks’... read more

Biometric fingerprint and ‘selfie’ payment technology become a reality

05 Oct 16 @ 13:21

The European roll out of Identity Check Mobile, a new biometric payment technology application that uses biometrics like fingerprints or facial recognition to verify a cardholder’s identity, simplifying online shopping.... read more

Biometric ATM authentication: Kaspersky Lab examine threats to ATMs

30 Sep 16 @ 11:52

Kaspersky Lab says that its experts investigated how cybercriminals could exploit new biometric ATM authentication technologies planned by banks. While many financial organizations consider biometric-based solutions to be one of... read more

Europol warns of AndroidPay NFC tap-and-go theft

29 Sep 16 @ 13:22

Europol has warned that they believe criminals are using Android phones to trigger fraudulent NFC tap-and-go payments. The alert comes in Europol’s annual 2016-internet-organized-crime-threat-assessment. Experts had previously said that the... read more

2016 Internet Organized Crime Threat Assessment Report

29 Sep 16 @ 13:06

Europol has issued a warning regarding the cybercrime threat landscape, particularly threats emanating from the so-called “Darknet.” The “2016-internet-organized-crime-threat-assessment” report, outlines the biggest threats online. The annual report concluded that... read more

World of Warcraft or World of Cyber Crime-Craft?

22 Sep 16 @ 11:48

In the coming months, there are stong warnings that cybercrime and money laundering in online games – such as World of Warcraft – will be a growing concern. As regulators... read more

Financial fraud incidents up 53% – one committed every 15 seconds

20 Sep 16 @ 16:03

More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK). Representing a... read more

Banks trusted most to deliver biometric authentication of the future

19 Sep 16 @ 09:49

The UK is placing its trust in banks over government agencies to protect their biometric data such as fingerprints and iris scans, according to new research from Visa. Consumers are... read more

Death of the password?

12 Sep 16 @ 15:51

Industry experts have been sounding the death knell for passwords for some time. Speaking in 2004, Bill Gates claimed the password could not meet the challenge of keeping information secure,... read more

Fourth Anti-Money Laundering Directive and revised Wire Transfer Regulation

09 Sep 16 @ 09:56

On the 25 June 2015, a new package of EU Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation came into effect with the adoption of the Fourth Money Laundering Directive... read more

FI’s unaware of customer account access obligations under PSD2

31 Aug 16 @ 13:47

Only 5% of banks and other financial institutions are aware that the EU Payment Services Directive (PSD2) will require open access to customer accounts, according to a UK law firm... read more

Cybercriminals exploit the Human Factor

16 Aug 16 @ 17:07

The use of zero-day exploits and advanced persistent threats to hack into organisations make for great news headlines. However the reality is much more mundane and low-tech. Cybercriminals are continuing to... 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