£6.8 Million Lost in the Last 12 Months as Romance Scams Surge Despite 65% of Brits Believing It Will Never Happen to Them
- 1 year 4 months ago
- Cybersecurity
New data from Santander UK reveals a troubling rise in romance scams. Data from the bank shows more than £3.8 million was reported as stolen from customers in the last six months, an increase of 27% on the previous six-month period1, affecting customers aged from 18 to 93 years old.
A Quarter of Gen Z Have Experienced Identity Theft in the Last 6 Months
- 1 year 4 months ago
- Cybersecurity
New data from digital transformation consultancy Daemon reveals that cyber security issues continue to plague Brits, particularly whilst shopping online.
Chubb's Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods
- 1 year 4 months ago
- Cybersecurity
Chubb, a world leader in insurance, today released the results of its new global survey, "The Impact of Cyber Scams on Trust in Digital Payments," revealing the growing impact of cyber fraud on consumers, the misconceptions regarding cyber protection
MAS Establishes International Advisory Panel for Cyber and Technology Resilience
- 1 year 4 months ago
- Cybersecurity
The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel. The Panel replaces MAS’ Cyber Security Advisory Panel, with an expanded mandate to cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of the financial sector.
Aro Unveils Aro Precision to Redefine Lender Offerings with Advanced Fraud Prevention and Affordability Checks
- 1 year 4 months ago
- Cybersecurity
Aro, the UK’s go-to embedded finance partner for brands, has today unveiled Aro Precision – a new service designed to enhance lender capabilities with advanced fraud prevention, optimised affordability checks, and superior marketplace data.
Cybersecurity Is a Key Driver of FinTech Development in the World
- 1 year 4 months ago
- Cybersecurity
The study showed that fintech growth in Europe, America, and globally has the strongest correlation with the size of the cybersecurity market, with correlation coefficients of 0.8714, 0.9762, and 0.8607, respectively. In Asia, however, fintech growth was more closely tied to the size of the consumer electronics market (0.9403), while in Africa, it correlated with consumer spending volumes (0.7427).
Cohesity Research Finds UK Organisations Risk Rise in Ransomware by Rewarding Criminal Gangs
- 1 year 4 months ago
- Cybersecurity
Cyber resilience research commissioned by Cohesity, a leader in AI-powered data security, reveals the true cost of ransomware to finances and business operations and why overconfidence may be the cause. The Cohesity Global Cyber Resilience Report 2024 surveyed over 3100 IT and Security decision-makers in eight countries on the impact of cybercrime and their abilities to withstand attack, showing an increase in th
Mastercard Invests in Continued Defense of Global Digital Economy with Acquisition of Recorded Future
- 1 year 4 months ago
- Cybersecurity
Mastercard today expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. The acquisition bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond. Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including the... more
Binance Teams Up With Macau Judiciary Police to Launch Joint Anti-Scam Campaign
- 1 year 5 months ago
- Cybersecurity
Binance is committed to enhancing the security of the crypto ecosystem by working closely with law enforcement agencies worldwide to combat and deter financial crime. As part of this commitment, Binance has partnered with the Judiciary Police of Macau to launch a joint anti-scam campaign designed to increase user awareness of online fraud and reduce the risk of scams through tailored anti-fraud alerts integrated into its system. An Anti-Fraud... more
Coincover Launches Protected Co-Signing for Ultimate Transaction Protection
- 1 year 9 months ago
- Cybersecurity
Coincover, the blockchain protection company, today announces the launch of its Protected Co-Signing product to reduce the risk in digital asset transactions further.
Barclays Urges Action as Investment Scams Rise by 29 Per Cent – With 6 in 10 Falling Victim on Social Media
- 1 year 9 months ago
- Cybersecurity
Investment scams accounted for a third (33 percent) of all money customers lost to scammers in 2023, up 23 percent year-on-year, according to Barclays data. Of all scam types, investment scams made up the greatest share of total claim values, with the volume of investment scams increasing by almost a third (29 percent).
Cytora and DynaRisk Partner to Help Insurers Understand and Reduce Cyber Risk
- 1 year 9 months ago
- Cybersecurity
Cytora, the leading digital risk processing platform, has partnered with cybersecurity company DynaRisk.
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
- 1 year 9 months ago
- Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between MAS and Mastercard in:
PXP Financial Leverages Mastercard Tech to Fight Fraud
- 1 year 9 months ago
- Cybersecurity
PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, today announced it has received accreditation to become a Token Service Provider by global technology company Mastercard.
