Just weeks after the WannaCry malware infected more than 230,000 computers in more than 150 countries worldwide, yet another form of ransomware targeted some of the UK’s largest organisations. This malware, given various names including Petya, NotPetya or Golden Eye, blocked computers, preventing users from
According to mobile security experts, 84% of mobile banking users are confident that their banks are completely on top of security and fraud prevention. But should they be, if more than a quarter of UK consumers that experienced banking fraud noticed the behaviour before their
After the first contactless cards were issued throughout the UK in 2007, over the last decade the payment method has surged, and evolved. Contactless card payments with a ‘tap and go’ limit are now useable throughout most of the world, while systems such as Apple
Action Fraud, the UK’s national fraud and cyber-crime centre, estimates that in 2016 approximately £1,200 was lost per person as a result of holiday fraud. The number of reported cases continues to rise by 20 per cent year-on-year, increasing from 4,910 in 2015 to 5,826
On Friday 12th May, the largest ransomware attack in internet history rippled across the globe. The WannaCry malware struck more than 200,000 machines in 150 countries in a matter of days. The malware locks users’ files and demands $300 (£230) to regain access. By Monday
The latest report released by Cifas— the UK’s dedicated fraud prevention service—shows that identity fraud has reached the highest level ever recorded. According to the research, 172,919 counts of identity fraud occurred in 2016, an increase of 68 per cent since 2010. As a result,
Financial Fraud Action UK (FFA UK) has announced the launch of its new Take Five campaign which aims to raise awareness of fraud and provide practical advice for consumers. The scale of fraud in the UK is growing. Official figures released by FFA UK reveal
Mobile network operators have long been targets for fraud and revenue risk. The nature of these companies’ businesses mean they generate significant revenues. If revenues are significant, as is the risk of fraud. What frauds should network operators be aware of? And, more importantly, how
In recent years, over-the-top (OTT) providers such as Viber, WhatsApp and Skype have steadily increased their presence in the market and their popularity with consumers. Until now, OTT applications have been able to offer users free calling and messaging services via the internet with very
In October 2015, TalkTalk suffered a “significant and sustained cyber-attack” that resulted in up to four million customers having their personal data stolen—including bank account numbers, sort codes and credit card details. It remains one of the worst cyber-attacks suffered by a British telecommunications company
With Mobile World Congress starting today in Barcelona, what key mobile fraud issues will this event address? A simple search of the Mobile World Congress agenda for 2017 denotes no references to fraud at all. This is a missed opportunity bearing in mind the serious
Barclays has pledged to introduce a new tracking service for UK customers that aims to stop stolen accounts being accessed abroad. The opt-in service will track a customer’s location using their mobile phone’s GPS signal and allow bank staff to check if someone is in