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Stepping up the fight against fraud
The UK financial services industry was responsible for stopping a total of £910 million worth of attempted card, cheque and online and telephone banking fraud in the first half of 2015, new figures have revealed. This is the first time that Financial Fraud Action UK has published the value of prevented fraud. It found that bank [...]
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Cyber security: breach, breach, breach
In the past 24 hours there have been three more cyber security incidents in the industry, highlighting once again the dangers of complacency in the industry. Here is a blow by blow account: FXCM – Online foreign exchange trading firm FXCM announced it has been the victim of a cyber security attack that exposed access to sensitive customer [...]
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New ATM malware GreenDispenser disclosed
Proofpoint say they have discovered a new type of ATM malware dubbed “GreenDispenser”, which allows infected machines to be drained of cash. When installed, GreenDispenser may display an ‘out of service’ message on the ATM, but attackers who enter the correct PIN codes can then empty the ATM’s cash vault and erase GreenDispenser using a deep delete [...]
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Cybersecurity experts say mobile payments data breaches to grow
A survey of more than 900 cybersecurity experts shows that an overwhelming majority (87%) expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015. The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that people who [...]
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UK is number 1 target for global cybercrime
Cybercriminals are attacking the UK more than any other country making it the number 1 target for global cybercrime. One of the most interesting cybercrime trends in Q2 was the UK’s emergence as the preferred destination for attackers across the world; with Nigeria, Germany, US and Mexico leading the way in attacking the UK. The UK also [...]
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