Wirecard group announces investigation into accounting fraud
Share price reacts to uncertainty
Wirecard has informed investors that an external law firm has been investigating alleged accounting manipulations by “a member of Wirecard’s finance team” in its Singapore operations since May 2018, The probe still ongoing. Read more ...

Click & collect fraud rises
Card-not-present fraud remains a payments danger area
New benchmark data has revealed a 13 percent increase in fraud attempts via the click and collect channel during the 2018 peak holiday season. Read more ...

Crypto currencies used to launder US$88.6m, says report
Criminals becoming "early adopters" of new technology
Various stages of cybercrime explained
A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift. Read more ...

Tesco Bank suffers first FCA cyber-crime fine
Reputation damage to group inevitable

Tesco bank has been fined £16.4 million penalty for cyber hacking that occurred two years ago. This is the first cyber fine issued by the FCA in the UK. For Tesco, it is a massive hit for its reputation as a trusted retailer and will have implications for the whole organisation and even its loyalty programme membership. Read more ...

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors? Read more ...

Digital India project causes payment card spike
EMV migration plans accelerated
Credit and debit card fraud has jumped 42% in 2017, with much of the blame being attributed to the government’s desire to make the country cash free. Read more ...

PayPal buys fraud prevention platform
Latest acquisition adds to spending spree
Read more ...

16 crypto-exchanges meet with Europol
Over 300 attend conference to discuss legitimate uses of currencies Read more ...

95 arrested in CNP fraud crackdown
Police operation across 28 countries Read more ...

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

Bank chats with customers to stop fraud
Challenger enables ‘fraud conversation’ feature on app

Read more ...

Wirecard group announces investigation into accounting fraud
Share price reacts to uncertainty
Wirecard has informed investors that an external law firm has been investigating alleged accounting manipulations by “a member of Wirecard’s finance team” in its Singapore operations since May 2018, The probe still ongoing. Read more ...

Click & collect fraud rises
Card-not-present fraud remains a payments danger area
New benchmark data has revealed a 13 percent increase in fraud attempts via the click and collect channel during the 2018 peak holiday season. Read more ...

Crypto currencies used to launder US$88.6m, says report
Criminals becoming "early adopters" of new technology
Various stages of cybercrime explained
A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift. Read more ...

Tesco Bank suffers first FCA cyber-crime fine
Reputation damage to group inevitable

Tesco bank has been fined £16.4 million penalty for cyber hacking that occurred two years ago. This is the first cyber fine issued by the FCA in the UK. For Tesco, it is a massive hit for its reputation as a trusted retailer and will have implications for the whole organisation and even its loyalty programme membership. Read more ...

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors? Read more ...

Digital India project causes payment card spike
EMV migration plans accelerated
Credit and debit card fraud has jumped 42% in 2017, with much of the blame being attributed to the government’s desire to make the country cash free. Read more ...

PayPal buys fraud prevention platform
Latest acquisition adds to spending spree
Read more ...

16 crypto-exchanges meet with Europol
Over 300 attend conference to discuss legitimate uses of currencies Read more ...

95 arrested in CNP fraud crackdown
Police operation across 28 countries Read more ...

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

Bank chats with customers to stop fraud
Challenger enables ‘fraud conversation’ feature on app

Read more ...

The top 5 cyberattack threats to banks in 2018
Report identifies main ‘high tech wrecking balls’ Read more ...

Bank fears over APP fraud reimbursement plans
New code for push payment scams due in September Read more ...

Processors reveal top payment concerns of merchant clients
Value added services used to attract more merchants Read more ...

Regulator warns of widespread cryptocurrency frauds
Investment promoters failing to disclose sufficient details

Read more ...

Gang used Bitcoin used to help launder over Eur8m
Cryptocurrencies increasingly utilised by crime groups, warns Europol Read more ...

New malware targets crypto and digital currencies
Copied payment details are modified to divert transactions Read more ...

Privacy Statement

Context and overview details
•    Privacy Policy for McIntosh Media Ltd and C&M Publications Ltd from May 23, 2018
•    Next review date: May 23, 2019

This privacy policy has been developed to give you peace of mind that your privacy, specifically your 'Personally Identifiable Information' (PII) is being protected by C&M Publications Ltd and McIntosh Media Ltd, two companies that work closely together on the following: The Loyalty Magazine Awards, The Loyalty Surgery, Loyalty Magazine, Card & Payments World, Fraud Watch newsletter and other reports, information services and events that might be produced or held from time to time. This document also relates to the use of individual websites. As described in UK privacy law, this information is defined as that which can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information.

Website content

Although all reasonable care is taken to ensure that all materials are accurate, no responsibility is accepted by or on behalf of C&M Publications Ltd and McIntosh Media Ltd for any inaccuracies, omissions or misleading statements on pages of our websites. In addition, it excludes liability for any loss or damage howsoever caused from the use of or reliance upon information contained in any of our websites. We welcome your feedback regarding any of the information contained on our websites via publisher@cm-media.net

This website may provide hyperlinks to other websites not covered by the McIntosh Media and the C&M Publications privacy statement. These are provided for convenience only. These websites should have their own privacy policies which you should check. McIntosh Media and the C&M Publications accepts no responsibility for the content of such external websites. Should you have any concerns about any of the sites linked to by our website, we would welcome your feedback at publisher@cm-media.net

What personal information do we collect from the people that use our website and online registration services?

When using our online registration/membership services, as appropriate, you may be asked to enter your name, business email address, business mailing address, business phone number(s) or other details to help with the delivery of our services. No information is... Read more ...

Equifax admits breach was wider than reported
Senator demands company produces full details Read more ...

Italian cryptocurrency exchange loses US$170m
Founder denies claims of ‘exit scam’
Read more ...

Financial services cyberattacks triple in five years
Breaches cost more to contain than in any other industry Read more ...

Global card fraud network broken up
36 people charged from crime empire that planned to steal US$2.2bn Read more ...

Mastercard names chief data officer
New role makes consumer privacy ‘central’ to company’s data strategy Read more ...

Cryptocurrency marketplaces hit by range of attacks
Up to 20% of all Bitcoin estimated to be in fraudsters' hands  Read more ...

Cybersecurity is top priority in EU action plan for fintechs
Strategy to improve co-operation between participants and regulators
Read more ...

Cryptocurrency mining rises up list of malware threats
Over half of global organisations now impacted Read more ...

More than 10% of money raised in ICOs is stolen
Research uncovers big risk in blockchain fundraising Read more ...

Businesses urged to stop capturing payment card data
Cybercriminals increasingly targeting retail card data Read more ...

Cryptocurrency exchange files for bankruptcy
Administrators called in after second cyber-attack this year Read more ...

Banks forced to reveal more details on security incidents
New rules for customers also cover debit cards and accounts comparison data
Read more ...

Major banks adopt ‘isolation’ web browsing
JP Morgan leads US$40m investment round in malware blocker Read more ...

AI tech combats card not present fraud
Capability used to target growing threat Read more ...

Details of Uber cover-up emerge
42,000 email addresses posted on Dark Web Read more ...

Banks form company to manage third party risk
Major institutions pool expertise to address escalating challenges Read more ...

Banks to be more liable for push payments fraud
New proposals would require customers to be compensated Read more ...

Hackers use new Trojan to attack banks
FIs in Russia, Malaysia and Armenia affected Read more ...

Equifax faces deluge of class action suits
Former CEO blames one employee for breach Read more ...

Hackers switch focus from banks to cryptocurrencies
Sate-sponsored attacks on infrastructure n increasing threat to FIs
Read more ...

Equifax breach worse than suspected
US numbers increased, Canadians downgraded Read more ...

Equifax CEO steps down
Company initiates search for new boss after massive data breach Read more ...

Equifax latest: Criminal investigation into breach
Senators propose new data law following revelations
Read more ...

Equifax security chiefs depart after breach
– Patch failure helped enable intrusion
– UK customer data compromised due to ‘process failure’ Read more ...

‘200,000 card details’ stolen in Equifax breach
Networks send alerts to banks Read more ...

Is bitcoin “a fraud”?
Bank CEO says he would dismiss any trader dealing in it Read more ...

Analysing the Equifax breach
143 million Americans and 44 million Brits have details stolen
A data security breach is bad news for any company, but when it happened to Equifax, which makes its living by telling customers to use their services to prevent fraud, the fall out was predictable. Read more ...

PCI security failures stick at 50%
“No compliant company has ever suffered a data breach”
Despite stringent Payment Card Industry (PCI) rules, nearly half of companies recently assessed are failing to secure their payments systems from hackers. Read more ...