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Focus on card fraud – The UK market
Card fraud losses on UK-issued cards totalled £620.6 million in 2019, an 8% decrease from £671.4 million in 2018. At...
EBA launches EU-wide transparency exercise
The European Banking Authority (EBA) has launched its 7th annual EU-wide transparency exercise. The objective is to provide market participants...
UK banks outperform rest of Europe in reducing card fraud
UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the...
The FinCEN files: $2 trillion of dirty money washed through global banks
Over the weekend the FinCEN files story broke, one of the most reputationally damaging stories related to major global banks....
New web card skimmer steals credit card data and sends via Telegram
The digital card skimmer landscape keeps evolving, often borrowing techniques used by other malware authors in order to avoid detection....
AusPayNet report shows sharp decline in card fraud in 2019
Data released by the payments industry self-regulatory body Australian Payments Network (AusPayNet) revealed a 19.5% decline in card fraud in...
2020 AML fine values already surpass 2019
Duff & Phelps has launched its seventh annual Global Enforcement Review. The report found that H1 2020 has seen an...
Modern bank heist: How cyber criminals have evolved
The financial sector is historically one of the most secure industries in the world. It needs to earn trust and convince customers that their hard-earned money...