Contactless is reigning: Consumers can’t even remember their PIN
Marqeta has released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. …
digital wallet
Popularity of online payment goes hand-in-hand with fraud
NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting …
Mars Stealer malware pushed via Google Ads and phishing emails
Cybercriminals trying to foist the Mars Stealer malware onto users seemingly have a penchant for one particulat tactic: disguising it as legitimate, benign software to trick …
Payment fraud attack rate across fintech ballooned 70% in 2021
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network …
Digital IDs don’t have to impinge on civil liberties and privacy
The shift towards an increasingly digital world has become overwhelmingly apparent. The coronavirus era has forced a technological leap on all fronts, and incumbent …
Leveraging social media background checks to balance friction and risk
With ecommerce revenues higher than ever and estimated to reach $4.89 million in 2021 (per eMarketer), cart abandonment continues to be a major pain point for the industry and …
Bitcoin cyber attacks surge following rising demand and increasing price of bitcoin
Phishing impersonations and business email compromise (BEC) attacks designed to steal victims’ bitcoin surged by 192% between October 2020 and May 2021, closely following the …
Bitcoin Security Rectifier app aims to make Bitcoin more secure
A computer science engineer at Michigan State University has a word of advice for the millions of bitcoin owners who use smartphone apps to manage their cryptocurrency: …
Fraudulent purchase attempts value increased 69% in 2020
The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …
Thefts from cryptocurrency exchanges continue despite increased security
Although exchanges, wallets and other cryptocurrency custody services are strengthening their defenses, attackers continue to innovate and outpace even the current state of …
Exfiltrating private keys from air-gapped cold wallets
Air-gapped cold wallets might be one of the safest options for keeping your cryptocurrency stash, but even they can be compromised. And, as demonstrated by security …
XPCTRA financial malware leaves no stone unturned
A Trojan that has previously been only stealing users’ banking credentials has been modified to do much more than that. This new variant, dubbed XPCTRA, can also steal …