With a growing array of digital channels available, customers seemingly have infinite possibilities for how they choose to do business as evidenced by the more than 200% growth in mobile transactions in the last three years. Winning in this new era means rising to the challenge of meeting an entirely new set of...
3D Secure 2.0 is expected to have a profound impact on the payments industry by accelerating digital commerce and offering a better user experience with increased fraud protection for card-not-present transactions. Yet, issuers, payment processors, and merchants continue to struggle with many questions on the road to...
An analysis of attacks against cryptocurrency exchanges over nearly two years shows hackers have inflicted $882 million in damages, according to the Russian security firm Group-IB. The tally of losses is likely to grow next year, the company warns.
The U.K.'s National Cyber Security Center incident response teams have investigated more than 1,000 significant incidents in the past two years, the majority of which trace to nation-state attackers, officials say.
A notorious group of payment card-stealing gangs called Magecart has been tied to another series of online attacks, this time against Shopper Approved, an e-commerce service used by thousands of sites to gather reviews from customers.
For banks, combating fraud is an ever-escalating arms race. If
your bank is investigating anti-fraud solutions to stop fraud
losses, lower false positives, or reduce manual workload, join
this webinar. Our fraud experts will explain the top 10
technology requirements to consider - as well as their...
A gang of North Korean government hackers, known as APT38, has stolen more than $100 million from banks in Asia and Africa via fraudulent SWIFT transfers, cybersecurity firm FireEye warns. Separately, the U.S. government says North Korea is also behind serious ATM malware cash-out attacks.
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
The U.K.'s data protection regulator has fined Bupa Insurance Services £175,000 ($228,000) for failing to stop an employee from stealing 547,000 customer records, which were later offered for sale on the dark web. The ICO found that the health insurer's CRM system lacked adequate security controls.
Education plays a critical role in any program designed to combat insider threats, says Christopher Greany, head of group investigations at Barclays. He'll discuss how to start an insider threat program in a presentation at Information Security Media Group's Security Summit: London, to be held Oct. 23.
Scan4You, a notorious cornerstone of the cybercrime-as-a-service economy that allowed malware developers to more easily create code to bypass anti-virus defenses, has been dismantled, and its Latvian technical administrator has been slammed with a 14-year U.S. prison sentence.
In Australia, it can take as few as 15 minutes to steal someone's phone number, a type of attack known as SIM hijacking. Such attacks are rising, but mobile operators have no plans to change the authentication required around number porting, which can be set in motion online with minimal personal information.
With the abundance of PII available on the dark web, there has been an explosion of synthetic identity fraud. Michael Lynch of InAuth discusses how device and user data can be leveraged to combat the fraudulent opening of new accounts.
Those of you who are CISOs and have been conducting awareness programs for years realize that ''the devil is in the details" when building a successful program. Initial attempts to get an awareness program started are usually done by trial and error- but this hit-and-miss approach is often ineffective or frustrating....
Those of you who are CISOs and have been conducting awareness programs for years realise that ''the devil is in the details" when building a successful program. Initial attempts to get an awareness program started are usually done by trial and error- but this hit-and-miss approach is often ineffective or frustrating....