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Thieves target contactless payment cards
Consumer group Which? has warned that data from contactless debit and credit cards is at risk of being intercepted by thieves. All 10 credit and debit cards tested revealed some data, with some giving up enough information to allow the team to place orders for expensive items. The equipment used to carry out the interceptions [...]
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European cross-border and card-not-present fraud on the rise
Card fraud losses across 19 countries in Europe rose an average of 6% in 2014, according to a new report based on data from Euromonitor International. But the low overall rise masks large shifts in so-called “cross-border” fraud, where criminals use data on cards from one country to commit fraudulent transactions in another country. UK card [...]
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Darkode hacking forum smashed – 12 charged
US authorities working with law enforcement officials abroad say they have shut down the Darkode online forum used by cybercriminals around the world and charged 12 people linked to the site. US Attorney David Hickton announced the charges in Pittsburgh and called Darkode “a cyber hornet’s nest of criminal hackers.” “Of the roughly 800 criminal [...]
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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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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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