One in Every Fifty Children Falls Victim to Identity Theft Each Year
- 4 weeks 1 day ago
- Cybersecurity
LSEG Risk Intelligence today publishes a report drawing attention to the global rise in child identity theft. The report calls out the impact of child identity theft, the risks to financial institutions, and highlights the growing threat of synthetic identity fraud. It outlines practical actions financial institutions may adopt immediately such as identity, age and third-party verification together with transaction monitoring for child-linked... more
Coinbase Selects Irdeto to Disrupt Piracy and Cybercrime
- 1 month 1 week ago
- Cybersecurity
Irdeto, the world leader in digital platform security, today announced a partnership with Coinbase, the leading cryptocurrency platform in the United States.
Apple's App Store Prevents Over $9 Billion in Fraudulent Transactions Over Five Years
- 1 month 1 week ago
- Cybersecurity
Since launching in 2008, the App Store has been a safe and trusted place for users and a vibrant marketplace for developers to grow their businesses around the world. In the last five years, the App Store has protected users by preventing over $9 billion in fraudulent transactions, including over $2 billion in 2024 alone, according to Apple’s annual App Store fraud analysis.
Cyber Fraud Threatens Small Businesses in Europe – One in Four Small Businesses in Europe at Risk of Closure Due to Cyber Fraud
- 1 month 1 week 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 month 1 week 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
- 2 months 1 week 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
- 2 months 1 week 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
- 2 months 1 week 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
- 3 months 1 week 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
- 3 months 1 week 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 months 2 weeks 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 months 3 weeks 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 months 3 weeks 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 months 3 weeks 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
- 4 months 1 week 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
