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.
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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.
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.
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.
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.
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.
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.
Experts Say About AI Chatbots Potential as Cybercrime Tool
HP Wolf Security has recorded the first case when criminals used generative artificial intelligence technologies to write malicious code to distribute a remote access Trojan.
Visa to Acquire Featurespace for Real-Time AI Payment Protection
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Top Security Features to Look for in Dedicated Servers for Crypto Trading
Cryptocurrency trading, with its rapid pace and volatile markets, necessitates the highest levels of security for traders and their platforms. The potential for hacking, theft, and data breaches has heightened the demand for robust, secure infrastructure. A dedicated server provides the foundation for safeguarding sensitive information, offering protection against cyber threats that could compromise crypto […]
Mastercard Acquires Threat Intelligence Company
Mastercard’s latest acquisition aims to boost the company’s insights and intelligence capabilities with real-time visibility into potential threats, AI and other best-in-class technologies.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Singapore Considers Bill to Fight Fraud
Singapore is currently considering a bill that provides for the police to be able to order banks to temporarily prevent customers from transferring money to fraudsters.
Mastercard to Pilot Payment Passkey Service in India
India was chosen as the first country to experience the benefits of the new Mastercard Payment Passkey Service to facilitate payment authorisation and make online shopping more secure.
German Companies Face Financial Consequences of Cybercrime and Sabotage
On Wednesday, August 28, the results of a special survey were published, according to which last year in Germany, local companies faced financial losses of 267 billion euros ($298 billion) as a result of crimes committed in virtual space and other acts of sabotage.
Microsoft to Host Cybersecurity Summit in September
Microsoft announced on Friday, August 23, that it will hold a cybersecurity summit next month.
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