frame_main_header_title
  Home / News / Fraud and Security frame_main_breadcrumb_about frame_main_breadcrumb_contact    
 
27 MARCH 2017
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments and this is our daily news and resource site for subscribers who also receive 11 printed newsletters a year and three glossy magazines.

More than just a technology title. Read more

Banner
  Main story  
     
 
article thumbnail Thursday, 23 March 2017

Banks need their own cyber watchdog
Treasury committee head brands current system ’opaque and headless’  Read more ...

 
     

Latest feature
     
 
Creating a German payment champion

Concardis, which has a one-third share of the German payment acquiring market, was recently sold by its bank owners to private equity companies Bain Capital and Advent International.

CEO Marcus Mosen explains the reasons for the sale and the company’s ambitious plans for expansion, at home and abroad.
Read more ...
 
     
 
Don't miss
     
  IN THE NEW EDITION OF CARD & PAYMENTS WORLD

SELF ACQUIRING: Major retailers by-pass third-party acquirers
PSD2:
Directive promises fundamental payments change (not everyone thinks this is positive)

BREXIT: The UK Treasury view of PSD2
CLEARING BANKS: Market report as new challenger launches

NORWAY: Country profile on a dynamic payments market. Interviews, analysis and data
DOMESTIC PAYMENT SCHEMES: European market report


WHY NOT SUBSCRIBE NOW?
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
     
 
Card & Payments World | News - Fraud and SecurityThursday, 16 March 2017

Concerted effort to pause rise in financial fraud
Take Five Day asks customers to stop and think
Financial Fraud Action UK is running a campaign today to highlight the UK£2m lost each day to fraud. The total lost to financial fraud in 2016 was £768.8 million, an increase on the £755 million lost in 2015.
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 21 February 2017

80% think mobile wallets are secure
US and Indian consumers have most faith in ability of organisations to safely store their data Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 10 February 2017

GoCardless hit by burglary
Low-tech crime puts customer data at risk Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 09 February 2017

Customers trust bank security more than banks
Gulf between consumer perceptions and reality Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 03 February 2017

AI fraud prevention tool for banks
Solution for early detection of cyber hacks Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 10 January 2017

Ten-year Kuwait sentences for card fraud gang
12 members of international group convicted Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 06 January 2017

“Major bank will fail after cyber-attack” claim
2.5 million attacks reported in last year Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 December 2016

Tesco Bank attack may be down to numbering error
FCA contacts other banks to check their systems Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 07 December 2016

Amex buys digital security provider
Acquisition to boost mobile anti-fraud capabilities Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 01 December 2016

Trustech latest: Call for more focus on IoT security
Up to 30 billion connected devices by 2020 Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 22 November 2016

15 arrests after cross-continent card fraud operation
Police in Finland, Spain, UK and Canada take part Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 17 November 2016

Tesco hack may have used cloned cards
Mass-cash-out using cards may have taken place, says security analyst Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 11 November 2016

Malware linked to Tesco bank attack
Many other banks at risk, claim researchers Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 08 November 2016

How much would Tesco pay under GDPR?
Question arises of whether subsidiaries or parent companies will be held responsible for breaches Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 07 November 2016

Tesco hack raises serious bank security questions
Current protect-detect-react model has “inherent flaw” Read more ...

Card & Payments World | News - Fraud and Security
80% think mobile wallets are secure
Tuesday, 21 February 2017

Card & Payments World | News - Fraud and Security
AI fraud prevention tool for banks
Friday, 03 February 2017

Card & Payments World | News - Fraud and Security
GoCardless hit by burglary
Friday, 10 February 2017

Card & Payments World | News - Fraud and SecurityThursday, 16 March 2017

Concerted effort to pause rise in financial fraud
Take Five Day asks customers to stop and think
Financial Fraud Action UK is running a campaign today to highlight the UK£2m lost each day to fraud. The total lost to financial fraud in 2016 was £768.8 million, an increase on the £755 million lost in 2015.
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 21 February 2017

80% think mobile wallets are secure
US and Indian consumers have most faith in ability of organisations to safely store their data Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 10 February 2017

GoCardless hit by burglary
Low-tech crime puts customer data at risk Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 09 February 2017

Customers trust bank security more than banks
Gulf between consumer perceptions and reality Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 03 February 2017

AI fraud prevention tool for banks
Solution for early detection of cyber hacks Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 10 January 2017

Ten-year Kuwait sentences for card fraud gang
12 members of international group convicted Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 06 January 2017

“Major bank will fail after cyber-attack” claim
2.5 million attacks reported in last year Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 December 2016

Tesco Bank attack may be down to numbering error
FCA contacts other banks to check their systems Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 07 December 2016

Amex buys digital security provider
Acquisition to boost mobile anti-fraud capabilities Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 01 December 2016

Trustech latest: Call for more focus on IoT security
Up to 30 billion connected devices by 2020 Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 22 November 2016

15 arrests after cross-continent card fraud operation
Police in Finland, Spain, UK and Canada take part Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 17 November 2016

Tesco hack may have used cloned cards
Mass-cash-out using cards may have taken place, says security analyst Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 11 November 2016

Malware linked to Tesco bank attack
Many other banks at risk, claim researchers Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 08 November 2016

How much would Tesco pay under GDPR?
Question arises of whether subsidiaries or parent companies will be held responsible for breaches Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 07 November 2016

Tesco hack raises serious bank security questions
Current protect-detect-react model has “inherent flaw” Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 27 October 2016

Nets cards hacked
Processor says foreign eCommerce company was compromised Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 25 October 2016

Global card fraud losses up by 20%
US accounts for nearly 40% of total Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 21 October 2016

Indian card breach highlights lack of data sharing
Full details are still to emerge about the massive breach of Indian debit cards, but the revelations have thrown a spotlight on the lack of data sharing between banks. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 17 October 2016

Behavioural analytics as mobile app security tool?
Observing user behaviour in detail is ‘best chance’ to beat fraud Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 23 September 2016

SWIFT to start daily anti-fraud reports
Latest measure to improve security after bank attacks Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 22 September 2016

Surge in reported cyber-attacks on UK financial firms
FCA broadens focus to smaller companies’ defence capabilities  Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 20 September 2016

Financial fraud soars by 53%
One incident every 15 seconds in the UK Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 September 2016

Huge rise in US online fraud attacks
International transactions are hardest hit Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 07 September 2016

Romanian-Italian card fraud gang broken up
Fraudsters used phishing and ATM skimming attacks Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 30 August 2016

Sophisticated malware attack on Thai ATMs
Government bank forced to shut down manufacturer's machines Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 23 August 2016

Samsung Pay admits system can be hacked
'White hat' hacker demonstrates how attack can succeed Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 10 August 2016

Bitfinex hack causes security and secrecy protests
Virtual currency traders have to share costs of attack Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 09 August 2016

UBI breach highlights inter-bank payments security issues
US foreign currency account is targeted Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 08 August 2016

Security
MasterCard changes specifications to guard against relay attacks
Researchers explain the principle of the chess grandmaster ruse

It is nine years since 'relay attacks' were first demonstrated by a team of computer scientists led by Saar Drimer and Steven Murdoch. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 05 August 2016

Card fraud rose in 10 of 19 European countries last year
18% UK increase largest in region Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 12 July 2016

Mexico and Brazil tops for card fraud
Underground now hard to distinguish from legitimate economy Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 08 July 2016

105 card fraud syndicate suspects arrested
Counterfeiting group operated in in Asia and Europe Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 08 July 2016

ID theft: Banks must look for device risk
Danger of reputational loss after 57% increase in victims Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 23 June 2016

Swift threatens to cut off non-compliant banks
Network sets out new cybersecurity strategy Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 01 June 2016

SWIFT security doubts as more attacks emerge
Network promises changes as 14 banks report attacks via messaging system Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 27 May 2016

New PCI data security standard
Revised version for payment app vendors Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 16 May 2016

Bangladesh accuses SWIFT over bank cyberattack
Latest attack on Vietnam bank linked to Bangladesh case Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 13 April 2016

Cybercriminals increasingly go professional
Organisational shift as number of zero-day vulnerabilities doubles Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 30 March 2016

Jumio files for bankruptcy protection
Facebook co-founder puts in initial bid for authentication company Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 22 March 2016

Card fraud outpaces rise in expenditure
- Deception drives increase in financial fraud

- 2015 UK figures show fraudsters are going for the customers Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 18 March 2016

Ex-hacker joins blockchain payments firm
Sony attacker to work on online payments project Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 29 February 2016

Data security “must be a priority”
Don’t leave compliance to the new rules to the IT department warns PCI Security Council's Jeremy King Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 23 February 2016

Data breaches get more personal
- Cybercriminals moved focus to the theft of identities in 2015
- Financial data accounts for less than 1% of compromised records globally Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 19 February 2016

MasterCard targets rising number of false declines
Value of declines is 13 times more than total card fraud Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 10 February 2016

Visa launches transaction controls service
Consumers can monitor how cards are used Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 09 February 2016

Malware used to empty ATMs via same debit card
US$1bn lost by banks in 2015 Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 03 February 2016

Faster transactions creating new fraud risks
Criminals able to 'cash out' quicker
Banks face dilemma of customer experience vs. security checks Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 28 January 2016

Companies suffer four payment data breaches every two years
IT professionals lack confidence in securing m-payments Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 13 January 2016

Monet achieves achieves PCI DSS 3.1
Certification for Pakistani financial services hub Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 14 December 2015

Telco tests eKYC concept in India
Anti-fraud project in Uttar Pradesh Read more ...

 
     
_
We get the inside stories on payments that you won't find anywhere else. To read them: