Many governments are exploring Central Bank Digital Currencies to reduce costs and expand digital inclusion. Karen Hsu of AppDome discusses the opportunities and challenges for minting digital money.
As mobile banking use surges worldwide in response to COVID-19 and its associated lock-downs, a corresponding rise in mobile banking fraud continues to increase in prevalence and sophistication.
The December 2020 discovery of an “evil emulator farm” demonstrated that mobile fraudsters can now automate their...
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
The mobile channel saw great user adoption in 2020 - and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
When it comes to finance, mobile banking or payments apps, maintaining customer trust is crucial to protecting brand equity and revenue. Cloud technology has eliminated the traditional network perimeter, leaving unsecured mobile endpoints vulnerable to attack. According to recent analyst research, mobile finance apps...
When it comes to finance, mobile banking or payments apps, maintaining customer trust is crucial to protecting brand equity and revenue. Cloud technology has eliminated the traditional network perimeter, leaving unsecured mobile endpoints vulnerable to attack. According to recent analyst research, mobile finance apps...
The latest edition of the ISMG Security Report features an analysis of the cybersecurity challenges the Biden administration must address. Also featured: payments security advice from Verizon; the outlook for the lifting of restrictions tied to the COVID-19 pandemic.
A recently uncovered remote access Trojan, dubbed ElectroRAT, has been stealing cryptocurrency from digital wallets over the past year, according to researchers at Intezer Labs. The malware, written in Golang, can target Windows, Linux and macOS platforms.
Facebook's relaunch and rebrand of its Libra digital payment initiative as Diem is seen by some as a shadow of its former self. Financial services commentator Chris Skinner explains why state governments and AML concerns are to blame.
A recently uncovered payment card skimmer is targeting several large content management systems that support the online checkout pages of dozens of e-commerce sites, according to researchers with Sansec. The malware works by using a keylogger to harvest payment and personal data.
IBM Trusteer reports that a hacking group is using mobile emulators to spoof banking customers' mobile devices and steal millions of dollars from banks in the U.S. and Europe.
This exclusive report explores the hidden value of payments. Partnering with Oxford Economics, Checkout.com talked to 1,500 business leaders and 5,000 consumers to uncover previously unknown insights.
It delves into the true cost of false declines to merchants and the digital economy, what customers are willing to...
As one of the fastest growing markets, MENAP represents a huge opportunity for merchants in the region and on a global scale. But success depends on understanding the changing consumer behaviors, accelerated by COVID-19. Like a positive shift in sentiment towards the security of digital payments.
Plus, explore...
A JavaScript card skimmer group dubbed "FakeSecurity" recently deployed the Raccoon information stealer malware in order to target e-commerce sites to steal payment card details from victims, according to security firm Group-IB.
E-commerce has skyrocketed in 2020, but so have transaction disputes. Ryan Battles of EY explains the cause, the impact, as well as how merchants can reduce incidents of this so-called "friendly" fraud.
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