Banks risk shattering customer trust
According to Gallup’s 2012 report, “Confidence in Banks,” consumer confidence in U.S. banks hit a record low of 21 percent last year. The …
Sweeping mobile phishing attack requests bank customers’ ID scans
A very thorough phishing campaign is targeting customers of JPMorgan Chase Bank who use their mobile phones to do their online banking, warn Trend Micro researchers. The …
Can biometrics revolutionize mobile payment security?
With the explosion in smartphones usage, the number of payments done via mobile devices has significantly increased over recent years. As eCommerce becomes mCommerce, the …
Reveton changes tack, relies on fake AV
When it comes to the infamous Reveton ransomware, cyber crooks are forever coming up with additional ways to bilk money from users: pairing it up with banking Trojans, playing …
Five charged with stealing 160+ million credit card numbers
A federal indictment made public in New Jersey charges five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole …
The future of electronic payment: Smartphone authentication and facial recognition
Withdrawing cash from an ATMs by using a debit or credit card or paying with it at a point-of-sale may soon become a thing of the past, as several manufacturers have presented …
Bank security breaches destroy customer trust
85 percent of U.S. adults with banking accounts are at least somewhat concerned about online banking fraud, according to Entersekt. Such fraud can include phishing, malware, …
Eight charged for hacking global financial institutions
Eight alleged members of an international cybercrime, money laundering and identity theft conspiracy have been federally charged in New Jersey with a scheme to use information …
Hackers attacking US banks are well-funded, expert says
The Cyber fighters of Izz Ad-Din Al Qassam hacker group – also known as Qassam Cyber Fighters – are at it again. For the third time in the last half year or so, …
European ATM Security Team on fraud losses
European ATM Security Team (EAST) has published its first European Fraud Update for 2013. This is based on country crime updates given by representatives of 21 countries in …
Five cuffed for stealing 2M euros via e-banking hacks
Five people were arrested last week when the Slovenian police conducted a series of house searches following an investigation into an gang that was emptying business bank …
Identity fraud is up, but banks are up to the security challenge
In 2012, the total losses resulting from account takeover and new account fraud each rose by approximately 50% over the previous year. These two fraud types impact consumers …