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Cybercrime bigger than drug trade
In an extraordinary presentation at a TechUK event Adrian Leppard, the City of London police commissioner attacked the big banks by saying that cybercrime may now be bigger than the drug trade, and the police do not have enough resources to tackle it. Leppard claimed that 80% of cybercrimes go unreported and of the 20% which do, [...]
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Card Fraud Report 2015 – now available
Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use of stolen card details online. But what is the scale of card fraud losses in selected European countries, Canada and the USA and how does [...]
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European ATM crime incidents fall 26%
In a European ATM Crime Report covering the full year 2014 EAST (European ATM Security Team) has reported that ATM related fraud incidents fell 26% when compared to 2013, although related losses were up 13%. EAST reported a 26% decrease in ATM related fraud attacks, down from 21,346 in 2013 to 15,702 in 2014. This [...]
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Internet spending is one-third of UK card expenditure value
New figures published by the UK Cards Association show that 30% of the value of all spending on cards in January was via the internet, with £15.4 billion of the £46.5 billion total spent in this way. The number of online card transactions comprised 12.3% of total card purchases which equates to 118 million of [...]
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Intel and Ingenico team up for Internet of Things
Ingenico Group and Intel Corporation have announced a collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things. The companies will jointly develop a mobile tablet that supports EMV1 and NFC payment functionalities, a standard required by banks to help prevent credit card fraud. Under the collaboration, Intel Data [...]
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