cyber crime RSS
The financial sector is historically one of the most secure industries in the world. It needs to earn trust and convince customers that their hard-earned money is safe. Nevertheless, the fact that banks are guardians of the one... more
The post Modern bank heist: How cyber criminals have evolved appeared first on Payments Cards & Mobile.
With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent industry discussion was held to discuss ‘the rise of financial... more
The post Cybercrime spike as pandemic creates perfect storm for fraud appeared first on Payments Cards & Mobile.
Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... more
The post Rule of the machines: can AI and ML really help fight fraud? appeared first on Payments Cards & Mobile.
CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions. In the... more
The post Research finds criminals hit $1.4 billion jackpot from cryptocurrency crimes appeared first on Payments Cards & Mobile.
Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... more
The post New strain of trojan EventBot can clear out bank accounts appeared first on Payments Cards & Mobile.