76 held in international eCommerce fraud crackdown
Arrests linked to 20,000 fraudulent transactions Read more ...

Infineon launches ‘post quantum cryptography’ security
Defence against quantum computing potential to defeat current encryption methods Read more ...

Target to pay US$18.5m damages to US states
- Retailer pays despite breach due to a theft of credentials from third party vendor
- US$10m consumer class action settled last week
Read more ...

Swift issues customer security guidance
New controls policy Read more ...

PCI compliance cheap compared to EU GDPR say experts
If you thought PCI was expensive, then just wait for  the upcoming General Data Protection Regulation (GDPR). Read more ...

Russian banks fend off cyberattack
Banks in Russia have been targeted by a massive cyberattack, according to the country’s central bank. Read more ...

Financial data breaches skyrocket
Compromised records up by 937% in 2016 Read more ...

Cybersecurity spend not keeping pace with breach costs
Fines and business costs dwarf expenditure levels Read more ...

SWIFT launches real-time payment controls
New fraud and cyber-crime prevention service to flag suspicious transactions Read more ...

Major Nordic banks combine to tackle cybercrime
Norwegian initiative expands across region Read more ...

Cybersecurity hampers bank fintech collaborations
Institutions struggling to innovate quickly enough Read more ...

Europe and US banks fall short on email cyber-risk
More banks should deploy protocol to protect ecosystem Read more ...

US fraud increases both online and offline
Skimming and CNP attacks on the rise Read more ...

CNP drives 2% financial fraud increase
Mobile and biometrics provide long term solutions to ongoing problem Read more ...

Global data breaches up by 86%
Number of FS breaches down, but total amount of records stolen rockets Read more ...

76 held in international eCommerce fraud crackdown
Arrests linked to 20,000 fraudulent transactions Read more ...

Infineon launches ‘post quantum cryptography’ security
Defence against quantum computing potential to defeat current encryption methods Read more ...

Target to pay US$18.5m damages to US states
- Retailer pays despite breach due to a theft of credentials from third party vendor
- US$10m consumer class action settled last week
Read more ...

Swift issues customer security guidance
New controls policy Read more ...

PCI compliance cheap compared to EU GDPR say experts
If you thought PCI was expensive, then just wait for  the upcoming General Data Protection Regulation (GDPR). Read more ...

Russian banks fend off cyberattack
Banks in Russia have been targeted by a massive cyberattack, according to the country’s central bank. Read more ...

Financial data breaches skyrocket
Compromised records up by 937% in 2016 Read more ...

Cybersecurity spend not keeping pace with breach costs
Fines and business costs dwarf expenditure levels Read more ...

SWIFT launches real-time payment controls
New fraud and cyber-crime prevention service to flag suspicious transactions Read more ...

Major Nordic banks combine to tackle cybercrime
Norwegian initiative expands across region Read more ...

Cybersecurity hampers bank fintech collaborations
Institutions struggling to innovate quickly enough Read more ...

Europe and US banks fall short on email cyber-risk
More banks should deploy protocol to protect ecosystem Read more ...

US fraud increases both online and offline
Skimming and CNP attacks on the rise Read more ...

CNP drives 2% financial fraud increase
Mobile and biometrics provide long term solutions to ongoing problem Read more ...

Global data breaches up by 86%
Number of FS breaches down, but total amount of records stolen rockets Read more ...

Banks need their own cyber watchdog
Treasury committee head brands current system ’opaque and headless’  Read more ...

Concerted effort to pause rise in financial fraud
Take Five Day asks customers to stop and think
Financial Fraud Action UK is running a campaign today to highlight the UK£2m lost each day to fraud. The total lost to financial fraud in 2016 was £768.8 million, an increase on the £755 million lost in 2015.
Read more ...

80% think mobile wallets are secure
US and Indian consumers have most faith in ability of organisations to safely store their data Read more ...

GoCardless hit by burglary
Low-tech crime puts customer data at risk Read more ...

Customers trust bank security more than banks
Gulf between consumer perceptions and reality Read more ...

AI fraud prevention tool for banks
Solution for early detection of cyber hacks Read more ...

Ten-year Kuwait sentences for card fraud gang
12 members of international group convicted Read more ...

“Major bank will fail after cyber-attack” claim
2.5 million attacks reported in last year Read more ...

Tesco Bank attack may be down to numbering error
FCA contacts other banks to check their systems Read more ...

Amex buys digital security provider
Acquisition to boost mobile anti-fraud capabilities Read more ...

Trustech latest: Call for more focus on IoT security
Up to 30 billion connected devices by 2020 Read more ...

15 arrests after cross-continent card fraud operation
Police in Finland, Spain, UK and Canada take part Read more ...

Tesco hack may have used cloned cards
Mass-cash-out using cards may have taken place, says security analyst Read more ...

Malware linked to Tesco bank attack
Many other banks at risk, claim researchers Read more ...

How much would Tesco pay under GDPR?
Question arises of whether subsidiaries or parent companies will be held responsible for breaches Read more ...

Tesco hack raises serious bank security questions
Current protect-detect-react model has “inherent flaw” Read more ...

Nets cards hacked
Processor says foreign eCommerce company was compromised Read more ...

Global card fraud losses up by 20%
US accounts for nearly 40% of total Read more ...

Indian card breach highlights lack of data sharing
Full details are still to emerge about the massive breach of Indian debit cards, but the revelations have thrown a spotlight on the lack of data sharing between banks. Read more ...

Behavioural analytics as mobile app security tool?
Observing user behaviour in detail is ‘best chance’ to beat fraud Read more ...

SWIFT to start daily anti-fraud reports
Latest measure to improve security after bank attacks Read more ...

Surge in reported cyber-attacks on UK financial firms
FCA broadens focus to smaller companies’ defence capabilities  Read more ...

Financial fraud soars by 53%
One incident every 15 seconds in the UK Read more ...

Huge rise in US online fraud attacks
International transactions are hardest hit Read more ...

Romanian-Italian card fraud gang broken up
Fraudsters used phishing and ATM skimming attacks Read more ...

Sophisticated malware attack on Thai ATMs
Government bank forced to shut down manufacturer's machines Read more ...

Samsung Pay admits system can be hacked
'White hat' hacker demonstrates how attack can succeed Read more ...

Bitfinex hack causes security and secrecy protests
Virtual currency traders have to share costs of attack Read more ...

UBI breach highlights inter-bank payments security issues
US foreign currency account is targeted Read more ...

Security
MasterCard changes specifications to guard against relay attacks
Researchers explain the principle of the chess grandmaster ruse

It is nine years since 'relay attacks' were first demonstrated by a team of computer scientists led by Saar Drimer and Steven Murdoch. Read more ...

Card fraud rose in 10 of 19 European countries last year
18% UK increase largest in region Read more ...

Mexico and Brazil tops for card fraud
Underground now hard to distinguish from legitimate economy Read more ...

105 card fraud syndicate suspects arrested
Counterfeiting group operated in in Asia and Europe Read more ...

ID theft: Banks must look for device risk
Danger of reputational loss after 57% increase in victims Read more ...

Swift threatens to cut off non-compliant banks
Network sets out new cybersecurity strategy Read more ...