Remove Cards Remove Cyber Security Remove Security Remove social media
article thumbnail

Two Cyber Security Investments With a Silver Lining

Banking 2020

It’s clear that cyber threats and identity theft tactics are getting smarter, and that banks need to amp up their security practices to combat this evolution. Financial institutions have the opportunity to make security investments that also increase their ROI. But, with these threats comes a silver lining.

article thumbnail

UK To Spend Close To £2 Billion To Fight Cyberattacks

PYMNTS

government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel. universities” that will be tasked with increasing security for smartphones, tablets and laptops.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks battling a barrage of cyber attacks

NCR

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion billion by 2020.

Fraud 45
article thumbnail

Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability.

article thumbnail

Hacking tools, stolen credit cards advertised on Facebook groups

American Banker

(..)

Tools 41
article thumbnail

Sacred Data for Sale, steal it while you can!

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. For many of us, we are fine losing social media photos, Twitter puns, or even our passwords.

Data 40
article thumbnail

Sacred Data for Sale, steal it while you can!

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. For many of us, we are fine losing social media photos, Twitter puns, or even our passwords.

Data 40