Cyber Security RSS

command-and-control, Cyber Security, Cyberattackers, Cybercriminals, Daily News, E-Money, Fraud & Security, Hidden Tunnels, Identity, Issuing & Acquiring -

Vectra has released in-depth analysis that many global financial services organisations are targeted by sophisticated cyberattackers exhibiting the same attacker behaviours that Led to the 2017 Equifax Breach. As part of key findings in the new 2018 Spotlight Report on financial services, Vectra disclosed that cyberattackers build hidden tunnels to break into networks and steal critical data and personal [...]

The post Cyberattackers use Hidden Tunnels to spy on and steal financial data appeared first on Payments Cards & Mobile.

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Contracts, Cyber Security, Daily News, E-Commerce, Fraud, Fraud & Security, Mobile Payments, PayPal, Simility -

Having splashed out $2.2 billion on iZettle, PayPal is continuing its spending spree on new technology with the acquisition of Simility, a fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management [...]

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Cyber Security, Daily News, Fraud & Security, Instant Payments, Issuing & Acquiring, real time payments, real-time payments fraud, real-time payments systems, Risk & Compliance -

Global adoption of real-time payments systems has soared in recent years, enabling consumers to transfer money between accounts instantly, but also irrevocably. In November 2017 the Eurozone launched its cross-border, real-time payments system, while in the same month The Clearing House launched its Faster Payments scheme in the US. February 2018 saw Australia launch a [...]

The post How real-time payments have changed the face of fraud appeared first on Payments Cards & Mobile.

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Bitcoin, Blockchain, Cryptocurrency, Cyber Security, Daily News, dark web, Dash, E-Money, Ethereum, Fraud & Security, Issuing & Acquiring, Monero, Risk & Compliance -

Cryptocurrency. A decade ago, names such as Bitcoin, Dash, Ethereum, and Monero were merely buzzwords. Fast forward to today, and they’ve become as recognisable as the US dollar and the Euro. In many realms, these digital currencies are ushering in a new era of investing – a modern gold rush, albeit in digital form. As [...]

The post Dark Web: $1.1 billion cryptocurrency thefts during past six months appeared first on Payments Cards & Mobile.

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big data, blockchain technologies, cloud, containers, Cyber Security, Daily News, Data Threat Report, digital transformation, Encryption and Data Security, Fraud & Security, GDPR, General Data Protection Regulation, Identity, IoT, Issuing & Acquiring, mobile payments, Regulation, Risk & Compliance -

In Europe, as in the rest of the world, reports of major security breaches continue unabated, despite global efforts to fight back with increased IT security spending – according to a Data Threat Report. This suggests that either the attackers are managing to stay a step ahead of cybersecurity efforts – or worse, that the [...]

The post Data Threat Report – Trends in Encryption and Data Security appeared first on Payments Cards & Mobile.

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