7th November 2016
Tesco Bank has frozen online transactions after customers were affected by fraudulent activity and pledged to refund those who had money taken from their accounts over the weekend. Read More
7th November 2016
China’s government has approved a broad new cybersecurity law aimed at tightening and centralizing state control over information flows and technology equipment, raising concerns among foreign companies operating in the country. Read More
4th November 2016
The National Crime Agency (NCA) has arrested 14 people across the UK for their suspected involvement in laundering as much as £11m generated by major malware scams. The NCA said that the money was probably gathered via the notorious Dridex and Dyre malware, which is believed to have been developed… Read More
26th October 2016
The U.S. government on Tuesday told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose “a significant threat” to the U.S. financial system. The U.S. government has long required… Read More
25th October 2016
A hurricane making landfall is never welcome but it looked set to strike Stephanie Kent’s home in Florida at the worst possible time. Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s… Read More
24th October 2016
Ireland’s cybersecurity conference, Dublin Info Sec 2016, will be coming to the RDS Dublin on November 15th. At the conference, private and public sector cybersecurity expert panels will address IT security topics including the threat of ransomware, human factors in cybersecurity and Ireland’s cyber resiliency, crucially, highlighting IT security tools… Read More
21st October 2016
India’s quest to become a cashless economy has been dealt a blow by a data breach that compromised as many as 3.2 million debit cards. Prime Minister Narendra Modi urged Indians in a radio address in May to use cashless payments to discourage corruption and keep track of money. Convincing… Read More
20th October 2016
Banking regulators outlined a new set of rules Wednesday aimed at tightening cybersecurity requirements to protect financial markets and customers from online attacks. A proposal from the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation suggests minimum standards and requirements for… Read More
18th October 2016
Annual fraud and cybercrime losses in the UK have grown to the equivalent of £210 per adult, according to research. A total of £10.9bn was lost to the UK economy in the 12 months to April, prevention group Get Safe Online said. Fraudulent emails and messages directing people to… Read More
22nd September 2016
The fraudsters behind a £113 million (€131.68m) international money laundering ring used their ill-gotten gains to fund a lavish lifestyle of fast cars and five-star hotels. Read More