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Ransomware attacks have doubled since last year and become a key cybersecurity threat for organisations globally, warns Verizon’s 2018 Data Breach Investigations Report. Ransomware locks computers or encrypts files and demands money from victims to regain access to their devices or data. Ransomware grabbed headlines last year and became the favourite attack methodology used against [...]

The post THE SCOURGE OF RANSOMWARE CONTINUES appeared first on Payments Cards & Mobile.

Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries, a new World Bank report finds. 69 percent of adults worldwide (3.8 billion people) have an account at a bank or mobile money provider. This is up from 62 percent in 2014 and just [...]

The post 1.7 BILLION ADULTS REMAIN UNBANKED WORLDWIDE appeared first on Payments Cards & Mobile.

It was a long gestation and difficult birth but Europe finally has new requirements for strong customer authentication. They will apply across the region from 14 September 2019, bringing much-needed clarity. Yet some uncertainties remain. The regulatory technical standard (RTS) on strong customer authentication and secure standards of communication was published in the Official Journal [...]

The post STRONG CUSTOMER AUTHENTICATION RULES AGREED FOR EUROPE appeared first on Payments Cards & Mobile.

The world is entering a critical period of intensified risks in 2018. This was the main message of The Global Risks Report 2018 published by the World Economic Forum in advance of its annual meeting in Davos. The annual global risks perception survey (GRPS) suggests that experts are preparing for another year of heightened risk. [...]

The post GLOBAL INTERCONNECTED RISKS RISE IN 2018 appeared first on Payments Cards & Mobile.

The UK ATM network operator, LINK, is planning a phased 20 percent reduction in interchange fees over the next four years. This will start with a five percent cut to the cash withdrawal interchange fee from 1 July 2018. At the same time, LINK announced the tripling of the financial inclusion subsidy from 10p to [...]

The post NO SMALL CHANGE AS UK ATM OPERATOR CUTS FEES appeared first on Payments Cards & Mobile.