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Mobile Identity: the fusion of financial services, mobility and identity
A new report looks into generational change – particularly as it affects Gen X and Y, who together make up half of the global population . Their adoption of mobile digital technology will both expose institutions to risk and create opportunity. The central argument in the mobile identity whitepaper is that mobile digital technologies have [...]
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Dyre malware reboots for holiday phishing attacks
Shortly after online banking customers in the UK were warned of a major phishing campaign using the notorious Dyre malware designed to steal financial data, the malware has resurfaced in a new iteration for the holiday season. Customers of Barclays, Santander and Lloyds TSB were being targeted by the trojan malware. Nearly 20,000 malicious emails were sent containing infectious .exe files [...]
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Current accounts top target for fraudsters
The humble current account has become the most targeted financial product by fraudsters, due to a loophole in the UK’s seven-day switching service. At least 89 in every 10,000 applications for a current account are made by an imposter, according to Q1 figures released by Experian. Within the first three months of last year, 32% of [...]
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Top 8 future cyber security threats to the financial services sector
Financial services providers must better prepare for the threat that new technologies pose to their cyber security strategies or risk damaging customer and investor confidence. Cyber-crime within the financial services industry has reached unprecedented *levels and currently costs the global economy £266 billion each year. As companies increasingly adapt to emerging technologies, such as digital [...]
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Criminals receive 1,425% ROI from Cybercrime
Trustwave has released the 2015 Trustwave Global Security Report which reveals the top cybercrime, data breach and security threat trends from 2014. The report discloses how much criminals can profit from malware attacks, which data they target, how they get inside, how long it takes for businesses to detect and contain data breaches, what types of businesses criminals [...]
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