Skip to content
Issuing & Acquiring RSS
Cybercriminals exploit the Human Factor
The use of zero-day exploits and advanced persistent threats to hack into organisations make for great news headlines. However the reality is much more mundane and low-tech. Cybercriminals are continuing to exploit human nature as they rely on familiar attack patterns, such as phishing and malware, Verizon’s 2016 Data Breach Investigations Report found. PLENTY MORE PHISH [...]
The post Cybercriminals exploit the Human Factor appeared first on Payments Cards & Mobile.
Global payment security standards updated
The PCI Security standards council (PCI SSC) has published an update to its global data security standard. Version 3.2 replaces version 3.1 to address growing threats to customer payment information. “We’ve seen an increase in attacks that circumvent a single point of failure, allowing criminals to access systems undetected and to compromise card data,” explained Troy [...]
The post Global payment security standards updated appeared first on Payments Cards & Mobile.
Global FinTech investment growth continues
Investment in the financial technology (FinTech) sector worldwide grew by 75%, or $9.6 billion, in 2015 according to a recent report by Accenture. The growth was driven primarily by a 445% increase in Chinese FinTech investment to nearly $2 billion, as well as investment in India ($1.65 billion), Germany ($770 million) and Ireland ($631 million). Growth [...]
The post Global FinTech investment growth continues appeared first on Payments Cards & Mobile.
EBA response to Commission’s proposal on virtual currency and AML directive
In an Opinion issued yesterday, the EBA welcomed the Commission’s proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the 4th Anti-Money Laundering Directive. The Authority also makes several recommendations aimed at supporting the consistent pan-EU implementation and supervision of the proposals that the Commission had published on 5 [...]
The post EBA response to Commission’s proposal on virtual currency and AML directive appeared first on Payments Cards & Mobile.
3 in 10 consumers willing to use mobile wallets
Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29%) expressed a willingness to adopt this emerging payments alternative in the next six months, according to recently released results from a consumer survey by Computer Services, Inc. Conducted by Harris Poll on behalf of CSI, a provider of financial [...]
The post 3 in 10 consumers willing to use mobile wallets appeared first on Payments Cards & Mobile.
