Online crime gangs were quick to capitalise on Coronavirus. So much so that almost 3% of global spam is estimated to be Covid-19 related, according to internet security company Sophos, and 36% of people in the UK have been contacted by scammers since the start of the pandemic, according to Citizens Advice.

So, in this dangerous era its important to be aware of the most familiar scams that have been re-booted over the last few months so that you can keep yourself and your business safe.

Push payment fraud

Brits are more concerned about COVID-19’s impact on the NHS and the UK economy (61%) than their own personal health (41%); British consumers are less worried about online threats, with concerns about hacking and using online services falling drastically compared to 2019, while the majority are working from home

Mastercard has formed a coalition with The Joseph Rowntree Foundation, Good Things Foundation, The APLE Collective, Clean Slate Training & Employment CIC to tackle digital and financial exclusion in the UK, with emergency support focussing on those hit hardest by the economic impacts of COVID-19.

CubeLogic, the market leading provider of enterprise risk management solutions for the energy, commodities and financial markets today announces that they have closed a significant minority investment deal with Growth Capital Partners (GCP) fo

Zumo, the Edinburgh-based cryptocurrency wallet and exchange platform, has taken its first step towards the creation of a seamless fiat-to-cryptocurrency payments system with the launch of a sterling (GBP) functionality, powered by Modulr, the digital payments platform.

From mid-July, the partnership will allow Zumo users in the UK to hold GBP funds within the Zumo wallet, as well as buy and sell cryptocurrencies Bitcoin (BTC) and Ether (ETH).

Financial IT interviews Nick Jones, CEO of Zumo

Financial IT: Can you please tell us more about your background? What’s the story behind the founding Zumo?

VTB group has received a patent for a mechanism developed by the bank's specialists for validating complex data structures in a microservice architecture. This solution reduces the cost and complexity of checking the correctness of data that is either filled in by a user or transmitted to the system via the interface.

The algorithm allows checks of varying complexity to be performed ranging from the allowed length or the presence of numbers and letters to monitoring the simultaneous fulfilment of several necessary conditions, checks by reference books, and so on.

Ingenico Enterprise Retail is pleased to announce its latest webinar on how payments can enhance the shopping experience for both the consumer and the retailer. Taking place on Wednesday 1^st July at 2pm BST, the session will delve into the challenges faced by retailers as consumers demand to pay when and where suits them best and using the method they prefer.

Exberry has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale. 

Exberry’s infrastructure has been specifically developed to help boost exchanges by delivering a blend of exchange and secondary market trading technology and expertise. Built over three years by a team of seasoned exchange technology experts with a proven software engineering heritage, Exberry’s infrastructure delivers exchange capabilities applicable to every asset class and capital markets opportunity.