Cyber Fraud Threatens Small Businesses in Europe – One in Four Small Businesses in Europe at Risk of Closure Due to Cyber Fraud
- 1 day 3 hours ago
- Cybersecurity
Mastercard’s European Cyber Resilience Centre (ECRC) in Waterloo Belgium celebrates its 1st year anniversary and enhances its role in protecting the European digital ecosystem. New research from Mastercard of more than 1,800 small business owners in Europe uncovers a worrying trend: 1 in 4 (25%) entrepreneurs have been targeted by fraudsters, with the highest rates reported in Ireland (38%), Denmark (35%), and France (29%).
Mastercard Launches Cyber Resilience Center in Saudi Arabia
- 1 day 4 hours ago
- Cybersecurity
Mastercard has launched its Cyber Resilience Center, an initiative that brings together key players from the financial sector to foster collaboration and support shared goals in building a secure commerce and payment ecosystem in the Kingdom. This is Mastercard’s first initiative in Middle East, extending the company’s global network of cyber resilience centers which includes locations in Europe and the United States.
World Passkey Day 2025: Leaving Passwords in the Past – Yubico Comments
- 3 weeks 6 days ago
- Cybersecurity
1st May has traditionally been known as World Password Day. However, this year Yubico is calling for stricter regulations on protecting accounts and an end to relying on passwords to protect valuable information. That’s why on 1st May 2025 the company is celebrating World Passkey Day with the FIDO Alliance in an effort to put an end to password use globally, and encourage widespread adoption of more secure, modern authentication methods.
Mobile Fraud Jumps 11% in UK as Scammers Shift Tactics
- 4 weeks 47 min ago
- Cybersecurity
A new report from BioCatch, which prevents financial crime by recognizing patterns in human behavior, highlights an 11% increase in fraud and scams originating from mobile channels in the UK, as fraudsters pivot away from social engineering voice scams, which declined by 34%. The research pulls data from a dozen different UK banks servicing more than 110 million retail banking customers in the country.
Fraud Loss Reaches £2.3 Billion as Fraudsters Become Increasingly Sophisticated
- 4 weeks 1 day ago
- Cybersecurity
New figures show the total reported amount lost to fraud reached £2.3bn in 2024, according to a freedom of information request by RSM UK to Action Fraud.
Payment Fraud Goes Mainstream: Sift's Q1 2025 Digital Trust Index Reveals 89% Surge In Consumer Exposure To Fraud Schemes
- 2 months 1 day 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 months 2 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
- 2 months 4 days 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
- 2 months 1 week 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
- 2 months 1 week 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
- 2 months 1 week 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
- 3 months 2 days 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
- 3 months 1 week 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
- 3 months 1 week 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
- 3 months 2 weeks 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.
