cybersecurity

Top 10 Cybercrime and Online Fraud Predictions for 2020

Top 10 Cybercrime and Online Fraud Predictions for 2020

As a decade of online fraud fighting is drawing to a close, it’s time to think about the next decade Fraudsters were very busy this decade, coming up with an ever expanding bag of tricks, and we should expect them to give all of us good reasons to continue the fight.

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Wells Glitch Shows All Banks Should Re-examine Card and ATM Processes

Wells Glitch Shows All Banks Should Re-examine Card and ATM Processes

Wells Fargo earlier this year suffered an shutdown that halted card processing, ATMs and other financial services, and provided a continuity wake up call for the entire industry.

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Remember to Consider SaaS in Your Cybersecurity Plan

Remember to Consider SaaS in Your Cybersecurity Plan

Businesses around the world have quickly embraced cloud technology as a critical solution to tackle operational complexities. Worldwide spending on public cloud services is expected to reach over AUD283 billion in 2019. Australian spending on public cloud services alone is expected to reach AUD5.6 billion in 2019, growing 20.

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Cybersecurity in Banks: Controlling What to Expect

Cybersecurity in Banks: Controlling What to Expect

Cybersecurity in banks is absolutely critical. Losses from attacks on payment systems are increasingly costly. As the world becomes more digitally connected there are numerous cybersecurity challenges to take into account. Cybersecurity in payments requires flexible, strong and adaptable technology to combat threats before they even occur.

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Experts Wary of Data Security Feature of Payment Gateways

Experts Wary of Data Security Feature of Payment Gateways

Want RBI to revisit pact between payment corp, service providers With payment service providers raking in the moolah with the rapid growth in digital payments, policymakers have begun to take a close look at the robustness of the data security features of the digital instruments.

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Cyber Security: A Must for the Retailers in the Mobile Era

Cyber Security: A Must for the Retailers in the Mobile Era

According to data published by the consumer financial services company, 60 percent of the U.S. consumers believe that on an average, a lot many shoppers will carry a phone but no physical wallet.

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Professional Cybercriminals Put the Heat on Fintech

Professional Cybercriminals Put the Heat on Fintech

Like the sophisticated and meticulous gang in the engaging 1995 movie Heat, cybercriminals are showing a greater degree of professionalism. In the European Payments Councils (EPC) 2018 Payment Threats and Fraud Trends Report, it provides a bleak and very lengthy overview of the most important threats in the payments landscape.

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Financial Firms to Further Increase Cybersecurity Spending

Financial Firms to Further Increase Cybersecurity Spending

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks.

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As Phishing Evolves, Payment Authentication Has to Do the Same

As Phishing Evolves, Payment Authentication Has to Do the Same

With more personal information accessible online and its accuracy questionable, relying solely on the data provided as part of the payment messaging can be risky. Continued incidents of spear phishing and catfishing only serve to highlight the complex work required to tell the genuine apart from the fraudulent.

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PODCAST: Consumers Lack Awareness of How Much Personally Identifiable Information Is Exposed

PODCAST: Consumers Lack Awareness of How Much Personally Identifiable Information Is Exposed

Recently, First Data produced a cybersecurity study that took a look at personally identifiable information. Can you give us a brief overview of this study or survey and what was its main focus? EJ Jackson – Head of Security and Fraud Solutions at First Data

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Biggest Phish in the Sea? These Banks Are Growing Targets

Biggest Phish in the Sea? These Banks Are Growing Targets

Phishing is the one cybersecurity issue that never seems to go away. Despite the repeated warnings and efforts at raising customer awareness, cyberthieves continue to trick users with fake emails resembling legitimate ones, intended to direct them to a link where thieves can steal their credentials.

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The Digital Payment Crime Threat Portends a Fintech/Regtech Alliance

The Digital Payment Crime Threat Portends a Fintech/Regtech Alliance

Digital payments remain vulnerable to abuse by financial criminals seeking to make fast payments and undetected payments through the financial system. There are multiple ways in which digital payments can be used by those laundering money, committing fraud, or financing terrorism.

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