Showing results for 'cybercrime' in Articles
162 Articles | 35 Magazines | 0 Research | 0 Whitepapers

Cyberattacks on European financial services more than doubled in 2023

13 Oct 23 @ 09:37

A new State of the Internet report that explores existing and emerging cyberattacks against the financial services industry, finds that financial services is the third-most attacked vector in the Europe,... read more

UK cybersecurity improving: but still a risk business

27 Sep 23 @ 17:18

While UK consumers’ exposure to cybercrime has reduced over the past year, they experience more at cybercrime losses than any other major market in the world – despite being less... read more

A good week for the payments industry crime fighters

24 Nov 22 @ 16:45

It has been a good week for the guardians of the payments industry. We are very often writing of the upward trends in fraud and the latest channels to be... read more

Ransomware attacks surge by over 150% in 2021

23 Aug 21 @ 14:13

Businesses and people around the world suffer ransomware attacks every day. Exceptionally since the pandemic started, we hear more and more about hackers abusing vulnerabilities. According to the data presented... read more

Account take over explosion – incidents increased 20 percent compared to 2019

03 Feb 21 @ 17:59

It is becoming painfully clear that the pandemic is a boon of epic proportions for fraudsters. Between COVID-19 scams targeting consumers, the wholesale theft of government benefits, and playing on... read more

Hackers steal millions in cryptocurrency – How do they turn it into real cash?

14 Sep 20 @ 14:18

For years criminals have made money through criminal schemes like drug trafficking and counterfeiting cash. In the last decade, criminals have increasingly turned to cybercrime – using hackers to conduct... read more

Inside payment card fraud

20 Mar 20 @ 13:29

Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... read more

Cybersecurity: Time is up for inaction

19 Mar 20 @ 10:46

Throughout the past two decades corporates have swiftly transitioned from traditional linear business models to platform based as the demand for quality product outlay in record time escalates. With platform-based... read more

Fraud attacks increase 30% in Q3 as cybercriminals test stolen credentials in advance of holiday retail season

07 Nov 19 @ 10:44

Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season. The Q4 Fraud... read more

Round-up: Financial crime in focus

10 Apr 19 @ 10:11

Newton’s Cradle (a highly favoured executive toy) was a common sound in offices for many years. If you cast your mind back to your schooldays you’ll no doubt remember that... read more

FIN7 gyber gang: Inside Astra Panel and SQLRat Malware

21 Mar 19 @ 09:57

Despite the arrests of three prominent members of the FIN7 cybercrime gang beginning in January 2018, attacks targeting businesses and customer payment card information did not cease. The latest evidence involves the... read more

2019 – the 12 biggest threats to payments security

11 Jan 19 @ 16:18

In payments, consumers ask a lot in terms of convenience, speed and, above all, security. This puts the pressure on the industry to offer a pain-free consumer experience that is... read more

Contactless card fraud surges in 2018

07 Jan 19 @ 11:47

According to figures from Action Fraud, the UK’s national fraud reporting service, contactless card fraud is surging. A total of £1.8 million was stolen by fraudsters from contactless users in 2018.... read more

21 terrifying cyber crime statistics

26 Nov 18 @ 18:19

Unfortunately, with technology on the rise, there’s more room for cyber crime in 2018. According to the Cyber Security Breaches Survey 2018, 43% of businesses were a victim of a cyber security... read more

IoT and tokenized payments – why they are so important to the growth of the industry

06 Aug 18 @ 13:22

Refrigerators, cars, watches, rings — what do all of these items have in common? They are all IoT products that are capable of connecting to the internet and completing transactions... 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

The hidden history of cyber-crime forums which monetise card data

14 Sep 17 @ 09:48

The notorious dark web marketplaces Alphabay and Hansa, designed for criminals who specialised in monetising lists or “dumps” of credit card data, were shut down in July following “landmark” action by... read more

The future of identity and authentication – a bank perspective

27 Apr 17 @ 09:44

Connectivity is changing the world and the way we interact with one another. Last year, figures showed that the global population owned around 6 billion connected devices, approaching one for... 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

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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Visa strengthens fraud defences with BioCatch acquisition

05 Aug 26 @ 16:37

Visa has agreed to acquire Israeli behavioural biometrics specialist BioCatch in a $2.4 billion all-cash transaction, marking one of the payments giant's larges... more

Fiserv and Mastercard expand strategic alliance

05 Aug 26 @ 16:36

Fiserv and Mastercard have strengthened their long-standing partnership with a new global agreement designed to simplify payment acceptance for enterprise merch... more

RBC and BMO sell Moneris to Francisco Partners for C$2bn

13 Aug 26 @ 15:19

Royal Bank of Canada and Bank of Montreal have agreed to sell their jointly owned payments processor Moneris to private equity group Francisco Partners in a C$2... more