Skip to content
Cyber Security RSS
Banks to face fines totalling €4.7bn in first three years under GDPR
A new report from Consult Hyperion, forecasts that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR). This forecast is conservative and excludes compensation claims, costs associated with lost customers, damaged reputations and senior executive resignations. The report, commissioned by AllClear ID titled, GDPR: [...]
The post Banks to face fines totalling €4.7bn in first three years under GDPR appeared first on Payments Cards & Mobile.
PSD2 and Risk Based Authentication: The Issuer Story
Issuers have been using Risk Based Authentication (RBA) to great success for some time now. With new legislation coming in, there is confusion in the market about what RBA means for issuers and how it can be implemented under the new rules. In this webinar, we hear unique insights from Visa and Cardinal around the [...]
The post PSD2 and Risk Based Authentication: The Issuer Story appeared first on Payments Cards & Mobile.
E-commerce fraud has decreased nearly 35% since 2016
E-commerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still account for billions of dollars, and perhaps even more due to transactions declined incorrectly due to fear of fraud. Signifyd have tracked, analysed and reported on this [...]
The post E-commerce fraud has decreased nearly 35% since 2016 appeared first on Payments Cards & Mobile.
Cybercrime will cost businesses over $2 trillion by 2019
New research suggests that the rapid digitisation of consumers’ lives and enterprise records will increase the cost of cybercrime via data breaches to $2.1 trillion globally by 2019, increasing to almost four times the estimated cost of breaches in 2015. The research, entitled ‘The Future of Cybercrime & Security: Financial and Corporate Threats & Mitigation’, [...]
The post Cybercrime will cost businesses over $2 trillion by 2019 appeared first on Payments Cards & Mobile.
Visa upgrades Verified by Visa technology simplifying e-commerce
Visa announced enhancements to its Verified by Visa service, designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. The upgrade will deliver rich data to financial institutions and merchants to better authenticate consumers and reduce fraud on transactions made via a mobile or [...]
The post Visa upgrades Verified by Visa technology simplifying e-commerce appeared first on Payments Cards & Mobile.
