Fraud
UK banks to roll out Name Check Safeguard feature to curb fraudulent transactions
To all those online banking users in the UK, here’s some news to rejoice. At last the banking association in the UK has given a nod to implement ‘Name Check Safeguard’ feature from next year to help fight fraud and alert bank customers to suspicious transactions. Now, to those who aren’t aware of this feature- […]
Tips to stay Cyber Safe for Thanksgiving, Black Friday and Cyber Monday
Americans are expected to spend a total of $929 billion on this year’s deals related to Thanksgiving, Black Friday and Cyber Monday and this prediction were provided by eMarketer- a New York-based market research company which provides insights and trends related to digital marketing, media, and commerce. So, its obvious that all the millions of […]
UK Bank Fraud victims can dial 555 to report Cyber Attacks
The United Kingdom will soon launch an emergency hotline number ‘555’ for victims to complain about bank fraud. The idea is to make the new hotline number a central repository to alert banks of illegal money transfers which can help crack down scams. As the idea is being backed by Ministers, Financial Chiefs, and police […]
MasterCard to offer Prophylactic Cybersecurity Defense
World-renowned card payment processor ‘MasterCard’ has announced that it is going to offer a prophylactic cybersecurity defense for banks that saves them from data breaches. The tool is basically designed to early detect cyber attacks carried out on external and internal data sources. Thus, it provides the insight intended to keep banks safe from almost […]
Cyber Attacks result in £8 billion loss to consumers of UK Financial Services
A recent study confirmed that cyber attacks have caused £8 billion loss to consumers of UK Financial Services in 2016. ThreatMetrix, a security watchdog that monitors 20 billion online transactions per year was the one which prepared the report and predicted that the consequences may deteriorate further in this year. ThreatMetrix says that the spike […]
