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Whats the state of play? Cybercrime Report Q1 2017
In the ever-evolving world of cybercrime, authentication continues to be a mainstay of global digital businesses; accurately recognizing trusted returning users and promoting a frictionless online environment builds a loyal customer base and reduces attrition. However, cybercrime is becoming an increasingly global phenomenon, operating across borders in well organized criminal gangs, with knowledge sharing and [...]
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Could PSD2 implementation accidentally ruin the European FinTech market?
A group of influential European FinTech companies have come together as 56 companies and associations operating across all EU Member States and at a global level in the financial services space in a bid to reform the PSD2 implementation. The companies, in a Manifesto of objection, say they welcome the adoption of the amended Payment Services Directive [...]
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25% drop in global correspondent banking relationships linked to de-risking
Recent correspondent banking research has revealed that between 2009 and 2016, correspondent banking relationships, where one financial institution provides services on behalf of another in a different location to facilitate cross-border payments, have reduced globally by 25%. This comes despite the fact that global GDP per capita grew during the same period, following the 2008 [...]
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The domain tools report – the distribution of malicious domains
A new report, which profles malicious domains by describing patterns in their registration details: top level domain (TLD), free email provider, Whois privacy provider, and hosting location has some startling insights. In this latest edition, it compares the distributions of malicious domains vs neutral domains across a measure of age (both of the domain and of the name [...]
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Hackers exploit SS7 security flaws to access German bank accounts
Despite security experts warnings for years about security flaws around the SS7 (Signalling System 7), a protocol used by mobile networks to communicate with each other- hackers have finally accessed a back door and stolen money from German bank accounts. O2-Telefonica in Germany has confirmed to Süddeutsche Zeitung that some of its customers have had their bank accounts drained [...]
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