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Two-thirds of retailers feel they lack tools to tackle omni-channel fraud
More than 50% (54%) of retailers in Europe and the US still have to consolidate their fraud management solutions across all channels, according to new research conducted by Forrester Consulting commissioned by ACI Worldwide. The research reveals that omni-channel data aggregation, the increasing number of payment options, the demand for faster fulfilment and the rapidly changing [...]
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Top 8 future cyber security threats to the financial services sector
Financial services providers must better prepare for the threat that new technologies pose to their cyber security strategies or risk damaging customer and investor confidence. Cyber-crime within the financial services industry has reached unprecedented *levels and currently costs the global economy £266 billion each year. As companies increasingly adapt to emerging technologies, such as digital [...]
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Criminals receive 1,425% ROI from Cybercrime
Trustwave has released the 2015 Trustwave Global Security Report which reveals the top cybercrime, data breach and security threat trends from 2014. The report discloses how much criminals can profit from malware attacks, which data they target, how they get inside, how long it takes for businesses to detect and contain data breaches, what types of businesses criminals [...]
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Credit card fraud rising in Germany
New analysis shows that credit card fraud increased last year in Germany. In a sample of 7.5 million active cards issued in Germany, FICO found that losses due to fraud increased by 17% in the year from October 2013 to September 2014, compared to the previous year. This growth outstripped the growth in total card purchases, [...]
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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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