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Cyberattackers use Hidden Tunnels to spy on and steal financial data
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 [...]
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PayPal continues spending spree on 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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How real-time payments have changed the face of fraud
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 [...]
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Dark Web: $1.1 billion cryptocurrency thefts during past six months
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 [...]
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Data Threat Report – Trends in Encryption and Data Security
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 [...]
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