It's one thing to defraud a bank and its customers, but it is quite another for cybercriminals to get away with it. Read more
Cybercriminals are nothing if not persistent.
A large financial institution with a global presence has been experiencing a series of sophisticated malware injection attacks – despite the steady failure rate, the cybercriminals behind the attack campaign continue to persist. Read more
In an increasingly digital age, both attacks and security are also increasingly digital. However, what about institutions that cannot digitize their transactions? Read more
There’s been a lot of chatter recently about Millennials and their overall impact on the global economy. Read more
At the ISMG Fraud Summit in London last week, ISMG’s Tom Field, Vice President of Editorial, offer attendees a preview the yearly Faces of Fraud survey, which looks at how the impact of rising retail point-of-sale Read more
One of the most worrying kinds of fraud that financial institutions face today is related to dormant accounts. As background, accounts are classified as dormant when there is no financial activity Read more
Although it is difficult to calculate the exact amount of money lost to cyber fraud each year, it is clear that European cyber fraud is on the rise. European card fraud losses increased over 6% Read more
Over the past six months, there have been a number of changes in the way the big payment and mobile technology players have approached security for payment apps.
It had been widely anticipated that the launch of Apple Pay in October 2014 would have a big impact, in part due to the technical aspects of the service. Expectations that the launch would disrupt Read more
A couple of weeks ago, we posted a piece discussing how the implementation of same-day Automated Clearing House (ACH) transactions would affect the fraud operations of American banks. Essentially, same-day settlement would provide a very small window of opportunity to stop or reverse payments once authorized and completed. Read more