cybersecurity - page 4

Blockchain & Crypto

Losses From Crypto Hacks Jump to $2.2 Billion in 2024

In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.

Fintech & Ecommerce

Fintech Market Breakthroughs 2024: A Year in Review

2024 was a challenging year for many fintech companies but it also brought a lot of encouraging results for the industry. Today, we’ll talk about the most notable fintech innovations of this year that are ushering in new opportunities for customers and businesses alike.

Fintech & Ecommerce

Banks Improve Their AML and KYC Practices

The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]

News

MCB Bank & BPC to Enhance Security With AI-Driven SmartVista Solution

SmartVista Fraud Risk Management solution will safeguard MCB Bank financial transactions with advanced AI fraud detection capabilities, real-time transaction monitoring, behavioural profiling, and machine learning-based risk assessment.

Society & Lifestyle

Ugandan Central Bank Reportedly Faces Hacker Attack

The media reported that hackers broke into the systems of the central bank of Uganda and stole 62 billion shillings ($17 million) from its accounts.

News

Broker Says About UK Business Damage From Cyberattacks

Insurance broker Howden on Monday, November 25, released information according to which over the past five years in the United Kingdom, businesses have lost approximately 44 billion pounds ($55.08 billion) due to cyberattacks.

Science & Technology

BioCatch Launches Financial Crime Intelligence Network

BioCatch, which specializes in developing fraud prevention solutions, announced the launch of what it described as the world’s first interbank network for the sharing of information on financial crimes.

Science & Technology

QR Codes Take 20% of All Online Scams

QR codes have recently become one of the most common tools for committing crimes among scammers who operate in the virtual space.

Blockchain & Crypto

Typical Crypto Security Mistakes and How to Stop Them

In the rapidly growing world of cryptocurrency, securing your property is critical. As we dive deeper into digital finance, one of the most good sized errors an investor can make is underestimating the importance of protection in dealing with and buying and selling/exchanging cryptos and crypto wallets. While diverse wallets just like the Starknet Wallet […]

News

Mastercard to Phase Out Manual Card and Password Entry by 2030

Mastercard envisions the future of e-commerce without manual entries of physical card numbers, passwords or one-time codes needed for secure purchases.

Blockchain & Crypto

South Korea to Monitor Cross-Border Crypto Transactions

New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.

Science & Technology

Identity Startup Socure to Acquire Effectiv

Socure Inc., an identity verification service provider whose functional solutions are used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire Effectiv, a fraud prevention platform.

News

Mastercard and ASEAN Foundation to Launch Cyber Resilience Program

ASEAN Foundation, an intergovernmental organisation within the Association of Southeast Asian Nations (ASEAN), partnered with Mastercard to improve the cyber resilience of public sector entities and SMEs.

Fintech & Ecommerce

Mastercard Expands Tech Hub Ecosystem With New Campus in India

Mastercard Pune tech hub in India will focus on areas like cybersecurity, data analytics, and AI-driven solutions and play a key role in supporting Mastercard’s global operations and enhancing its digital infrastructure.

Finance & Economics

Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud

Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.

Articles

How to Find the Right Balance Between Protecting Consumers and Pushing Them Away With Over-Zealous Fraud Prevention

The safety of payment transactions is one of the main prerogatives industry players focus on. However, sometimes, the efforts to eliminate fraud lead to adverse effects. Overzealous fraud prevention techniques tend to drive customers away, creating too much checkout friction. Today, we’ll learn to distinguish a thin borderline between proper vigilance and overprotection in finance.