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Cybercrime spike as pandemic creates perfect storm for fraud
With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent...
Rule of the machines: can AI and ML really help fight fraud?
Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the...
Multinational industry alliance launch PayID – universal ID for payments
A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal...
New strain of trojan EventBot can clear out bank accounts
Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the...
Identity fraud losses increase 15% as consumer out-of-pocket costs more than double
The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’...
Diebold Nixdorf suffers ProLock ransomware attack
Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by...
How Finastra survived a ransomware attack without paying ransom
When hackers silently forced their way into the computer network Finastra in mid-March, the company was focused on developing emergency...
Fresh Marriott International data breach puts 5.2 million at risk
Marriott International has sadly had to admit that it has suffered a second data breach following the earlier admission in...