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 …
online banking
Keep your digital banking safe: Tips for consumers and banks
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their …
Consumers demand a digital banking experience with security at its foundation
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption …
Tech support scams becoming the top phishing threat to consumers
NortonLifeLock published a report detailing the top consumer cybersecurity insights and takeaways from July to September 2021. The latest findings show tech support scams, …
Consumers embracing biometrics to protect their information
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …
Total combined fraud losses climbed to $56 billion in 2020
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …
Banks risk losing customers with anti-fraud practices
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 …
How much is your data worth on the dark web?
Credit card details, online banking logins, and social media credentials are available on the dark web at worryingly low prices, according to Privacy Affairs. Online banking …
The FBI expects a surge of mobile banking threats
The increased use of mobile banking apps due to the COVID-19 pandemic is sure to be followed by an increased prevalence of mobile banking threats: fake banking apps and …
Researchers discover massive increase in Emotet activity
Emotet had a 730% increase in activity in September after being in a near dormant state, Nuspire discovered. Emotet, a modular banking Trojan, has added additional features to …
Risky transactions on mobile devices increase 138% since 2017
Risky transactions on mobile devices are showing an increase of 138% since 2017, iovation survey of 802 consumers from the United Kingdom and 802 consumers from the United …
German banks to stop using SMS to deliver second authentication/verification factor
German banks are moving away from SMS-based customer authentication and transaction verification (called mTAN or SMS-TAN), as the method is deemed to be too insecure. …