Online crime gangs have used the coronavirus pandemic to scam consumers and businesses across the globe. So, this blog examines 4 key types of Covid19-related fraud to help keep you and your business safe.
Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.
The Payments Association and its members strongly urge the FCA to unfreeze Wirecard Card Services accounts, or facilitate a solution to enable safe access to e-money by e-money holders affected, as soon as it can, for the sake of cardholders, companies and their employees, and the UK fintech industry. Without this freezing being removed rapidly, we believe there will be significant and lasting damage to individuals, companies and the UK’s current and future prospects as leaders in fintech.
During RSA Conference 2020, Yubico interview Guido Ronchetti, XTN’s CTO, about the challenges related to PSD2 and open banking.
Banks are shutting down tens of thousands of accounts every year due to suspected fraud; on average, Santander closes down 24,000 accounts each year, and just under half of all those are suspected mule accounts – a huge proportion.
When we’re on the subject of malware and cyber attacks, we usually focus our attention on cybercrime as a totally unknown, uniform entity. Nevertheless, cybersecurity specialists, such as buguroo’s team, are always mindful not only of the codes used to develop computer viruses, but also of the processes adopted to implement campaigns and the targets they were aimed at. It is these three elements that provide a lot of clues as to who may be behind them.
New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.
Xwebinar is an on-demand webinar series focused on cyber threats and fraud topics. This episode talks about one of the most common threats: Account Takeover also knows as ATO.
