Payment Fraud Goes Mainstream: Sift's Q1 2025 Digital Trust Index Reveals 89% Surge In Consumer Exposure To Fraud Schemes
- 2 weeks 3 days ago
- Cybersecurity
Sift, the AI-powered fraud platform securing identity trust for leading global businesses, today released its Q1 2025 Digital Trust Index. The report revealed an alarming trend in the democratization of payment fraud: 34% of consumers have seen offers to participate in payment fraud online—an 89% increase over 2024.
Scam Survey: UK Consumers Lack Confidence In Real-Time Payments Security
- 2 weeks 4 days ago
- Cybersecurity
An international survey on the uptake, trust, and future of real-time payments (RTP) from global analytics software leader FICO highlights the need for UK banks to focus on building confidence in the security of the payment method. While three quarters of consumers in the UK say they have sent (79%) and received (73%) RTP, nearly a quarter (23%) say they do not know if RTP processes include enough security checks. Key Findings
MoonPay Earns PCI DSS 4.0 Certification
- 3 weeks 13 hours ago
- Cybersecurity
MoonPay is excited to announce that it is PCI DSS 4.0 certified. Earning a PCI DSS 4.0 certification means that MoonPay maintains its PCI Level 1 (the most stringent of the four PCI levels) at the highest security standards.
NAB Helps Remove Almost 600 Bogus Websites Intent on Scamming Aussies
- 3 weeks 5 days ago
- Cybersecurity
NAB has cracked down against hundreds of fake websites attempting to dupe and scam Aussies. In 2024, NAB identified and assisted with the removal of almost 600 illegitimate websites trying to impersonate the bank or its products, as it ramped up its efforts to counter the prevalence of cyber threats and scams, and better protect customers.
Global Trust in Digital Services Declines, Finds Thales
- 3 weeks 5 days ago
- Cybersecurity
Thales, today announced the findings of its 2025 Digital Trust Index – Consumer Edition, revealing a universal decline in trust for digital services compared to this time last year. Across 13 different sectors, only insurance, banking and Government saw either their trust level remain unchanged or increase very slightly.
Binance Honored By Singapore Police Force For Collaborative Cybercrime Prevention Efforts
- 3 weeks 6 days ago
- Cybersecurity
Cybercriminals are becoming more sophisticated, but the forces working to stop them are also gaining strength by increasingly presenting a united front. In a testament to the power of public-private collaboration in the fight against crime, Binance has recently been honored by the Singapore Police Force (SPF) for its role in tackling cyber threats.
S-RM Cyber Security Report: Incident Response Data Shows Threat Actors Doubled While Ransomware Payments Decreased
- 1 month 2 weeks ago
- Cybersecurity
S-RM, leading global cybersecurity and intelligence consultancy, has released its 2025 Cyber Incidents Insights Report, which reveals that in 2024, the cybersecurity landscape became increasingly fractured as ransomware attacks incre
Fraud Attempts With Deepfakes Have Increased by 2137% Over the Last Three Years
- 1 month 3 weeks ago
- Cybersecurity
Financial institutions are facing a significant increase in deepfake fraud attempts, which have grown by 2137% in the last three years, according to data from Signicat's The Battle Against AI-Driven Identity Fraud report. As deepfakes become more advanced, businesses across all industries must reconsider their security strategies to address one of the most serious forms of identity fraud in today's landscape.
Mastercard and Feedzai Join Forces to Protect More Consumers and Businesses From Scams
- 1 month 3 weeks ago
- Cybersecurity
Mastercard and Feedzai, an AI solution provider in financial crime prevention, today announced they are joining forces to make it easier for more banks to identify and stop scams, protecting consumers and businesses globally.
Backbase and Feedzai Partnership Integrates Financial Crime Prevention Into Backbase Platform
- 2 months 6 days ago
- Cybersecurity
Backbase, a provider of engagement banking solutions, announces a strategic partnership with Feedzai, a company providing AI-native fraud prevention solutions, aiming to support financial institutions in addressing digital fraud while maintaining operational efficiency in customer interactions.
Nationwide Partners With CAPSLOCK to Boost Cyber Skills, Diversity, and Resilience
- 2 months 1 week ago
- Cybersecurity
CAPSLOCK today announces a new partnership with Nationwide to help the UK building society set up a dedicated cyber security training programme to expand its
New Research Reveals 65% of UK Money Mules Are Under 30
- 2 months 2 weeks ago
- Cybersecurity
A new report from BioCatch, the leader in digital fraud detection and financial crime prevention powered by behavioural intelligence, reveals that criminals are targeting young people in the UK with nearly two-thirds (65%) of money mules in the UK being younger than 30.
S-RM Announced as the Newest Member of the Distology Partner Network
- 3 months 1 week ago
- Cybersecurity
Leading global cyber security and corporate intelligence consultancy S-RM has announced a new channel distribution partnership with market leading cyber security solutions provider and distributor, Distology.
Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America
- 4 months 1 week ago
- Cybersecurity
Equifax® and Mastercard have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience.
Visa Blocks 410% More Suspected Fraud This Black Friday, as Fraudsters Target UK Shoppers
- 4 months 1 week ago
- Cybersecurity
Consumers have come out in force again this Black Friday, while fraudsters have continued to target bargain hunters. In the UK, Visa saw an 11% increase in transaction volumes on Black Friday 2024 compared to Black Friday 2023. This is also an increase of 16% compared to an average Friday. Across the whole Black Friday/Cyber Monday weekend, spend was up 12% compared to last year.
