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Tesco Bank hack is the wakeup call needed to make mobile security a priority
The recent Tesco Bank hack has left the retail banking world reeling, searching for answers and more effective ways to secure networks against future attacks. It has been revealed weaknesses in the bank’s mobile applications left the door open for cybercriminals to brute force their way in and take more than £2.5 million of customers’ [...]
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The growing cyber insurance market and how to mitigate cyber risk
Cyber attacks are increasing in number and sophistication. ‘Transfer’ is one of the four ‘Ts’ of risk management, alongside terminate, tolerate and treat. We examine the growing market for cyber insurance, and the extent to which companies can effectively transfer their cyber risks. It seems like a scene straight out of a Hollywood blockbuster: criminals [...]
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Future of biometric payment – advances mean the end of physical cards
Advances in biometric payment technology could soon mean the end of physical credit cards. Pressure from both payment providers and consumers for quicker, more convenient, more secure means to make financial payments has boosted research into biometric technology – using elements of people’s physical make-up to authenticate payments. While some kinds of biometric verification (such [...]
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28 January was Data Privacy & Protection Day – so what does that mean?
Did you know that 28 January was Data Privacy & Protection Day? It marks the anniversary of the first European Data Privacy Directive signed in 1981. Now more than 45 European countries, as well as Canada, India and the US, use the day to promote data privacy and protection best practices. With such a lot [...]
The post 28 January was Data Privacy & Protection Day – so what does that mean? appeared first on Payments Cards & Mobile.
Solving the Card Not Present false decline puzzle
In recent years, the payments industry has started to view the growing Card Not Present fraud problem through an entirely different lens. Today, the overwhelming consensus is that the Card Not Present fraud problem, while increasingly costly, ultimately drives a much larger card acceptance problem. To combat the rise in Card Not Present fraud, both [...]
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