Second Menu

NEWS

Android cyberattacks on 34 European banks

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

The ways your online banking accounts are protected might be full of holes. Banks have been trying to prevent crooks from accessing your online accounts for ages. Passwords, PINs, coordinate cards, TANs, session tokens – all of these were created to help prevent banking fraud and cyberattacks. We recently come across a criminal operation that aims to defeat one of… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Hackers attack on European Central Bank

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

It seems that no organisation, large or small is safe. The European Central Bank (ECB) has been hacked, with attackers stealing email addresses and contact data from the organisation’s public website. In a statement, the bank said that no internal systems or market sensitive data were compromised. “The database serves parts of the ECB website that gather registrations for events… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Visa Europe to use biometrics for payment authentication

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

In a recent blog post, Jonathan Vaux, director of new payment propositions at Visa Europe  attributes the increase in the popularity of card-on-file payment to the growing use of biometrics for payment authentication. Vaux writes in response to what he views as a recent spike in the number of announcements from major players in the technology sector relating to plans to open up access,… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

ACI Worldwide acquires anti-fraud specialist ReD

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Global payment solution vendor ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash. ReD’s suite of products includes solutions for merchants and payment service providers, issuers and acquirers, processors and switch networks. According to ACI Worldwide, the ReD acquisition is another step forward in capitalising on the growth in online and… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

TSYS teams up with Threatmetrix to tackle fraud prevention

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

TSYS’s ProPay is partnering with ThreatMetrix to provide an advanced fraud prevention system that accurately differentiates real customers from cyber-criminals. The companies are collaborating on TSYS Guardian CyberShield, a cloud-based, real- time identity verification tool that recognizes returning customers while at the same time protects log-in authentication and payment authorization. “We’re pleased to begin offering our customers more sophisticated fraud prevention… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

UK authorities hit Shylock malware

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

A cybersecurity threat known as Shylock has been disrupted thanks to an international operation, the UK’s National Crime Agency (NCA) is reporting. Shylock was said to have been installed on more than 30,000 machines worldwide, but mostly targeted bank accounts of people living in the UK. As ever, the NCA urged the public to make sure their security software was… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Barclays to roll out of voice biometrics to 12m customers

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Barclays plans to expand its use of voice biometrics to streamline authentication when clients call the bank, but the technology is still not widely trusted or understood. Barclays has been using voice authentication technology for high-end clients since late 2012 and plans to roll out to 12 million retail customers this year – writes Steve Cook, Director of Business Development at… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Visa Europe sees end of payment cards

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Visa Europe is predicting an end to plastic payment cards as changing consumer preferences and new technologies take hold. The network is looking at how to overhaul security standards and protect transactions in the omni-channel digital age. Peter Bailey, an executive director at Visa Europe, says in a blog post on the network’s website that with EMV now being rolled… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Diebold and Wincor Nixdorf create ATM security association

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

ATM manufacturers Diebold and Wincor Nixdorf have decided to put competitive differences aside in order to form an ATM security association. The two have come together as criminals renew their focus on the ATM channel through activities such as skimming and hacking. Diebold and Wincor Nixdorf are urging banks, other manufacturers and IT vendors to join with them to improve… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Android malware hits South Korean mobile banking customers

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter

Android malware, a malicious software that can imitate legitimate online banking applications is hitting customers in South Korea, with thousands of devices infected in the last week, according to a Chinese mobile security company. Cheetah Mobile, formerly known as Kingsoft Internet Security Software, wrote that the banking malware masquerades as a popular game or tool on third-party Android application markets. Google checks… Continue reading >>

EmailFacebookDiggGoogle+LinkedInStumbleUponTwitter