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Online fraud fears grow following ‘cost-of-living crisis’
Nearly half (49%) of UK consumers are more concerned about becoming a victim of fraud now than they were in 2021. That’s according to research released by Paysafe, which indicates... read more
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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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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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Using honey traps to attract an attacker
Attackers are entering networks in a bid to find the organization’s sweet spot. What can organizations do to turn the tables? While preventive techniques are necessary, they are not always enough. Additionally, with cyber attacks, time is of essence. Honey traps are nothing new, but their use in IT security to date has been limited. [...]
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