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Cyber security is the EU’s digital frontier
Cyber security is a precondition to promoting innovation also in the area of payments. The European Union Agency for Network and Information Security (ENISA) is a centre of expertise for cyber security in Europe. ENISA supports the European Union (EU) and the Member States in enhancing and strengthening their capability and preparedness to prevent, detect [...]
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Consumers want part in protecting their payment cards from fraud
A survey conducted in the US, Canada and the UK by FICO shows that fraud is top-of-mind for consumers in the wake of high-profile data breaches. Respondents’ primary concern about payment fraud wasn’t financial loss, it was the time required to fix the problems created by fraud. This was the top concern for 68% of respondents [...]
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Cybercrime bigger than drug trade
In an extraordinary presentation at a TechUK event Adrian Leppard, the City of London police commissioner attacked the big banks by saying that cybercrime may now be bigger than the drug trade, and the police do not have enough resources to tackle it. Leppard claimed that 80% of cybercrimes go unreported and of the 20% which do, [...]
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Card Fraud Report 2015 – now available
Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use of stolen card details online. But what is the scale of card fraud losses in selected European countries, Canada and the USA and how does [...]
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Apple Pay simplicity raises fraud concerns
A recent rise in fraudulent Apple Pay transactions raises concerns among security analysts that the service’s simplicity may be a major weakness. Users only have to open the app on smartphones and enter a credit card number, the expiration date, and the verification code, and then Apple scores those users as safe or risky according [...]
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