Cybercrime – the second most reported economic crime affecting organisations

PwC have released their Global Economic Crime Survey. They estimate that cybercrime in the UK is up 20% in two years. They estimate that cybercrime is accounting for 44% of crime affecting organisations, compared with the global corresponding estimate of 32%. We have seen in the later years the increasing cybercrime activity targeting banks and [...]

Could security issues stop the mobile payments trend?

The Federal Reserve Bank of Atlanta (The Retail Payment Risk Forum staff) has published their predictions for payments in 2016. Their main predictions for the US include; Cyber attacks will remain the top threat to payments security This will be the year of mobile POS payments – NOT! EMV (chip card) POS migration will pick [...]

Security to stop the mobile payments trend

The Federal Reserve Bank of Atlanta (The Retail Payment Risk Forum staff) has published their predictions for payments in 2016. Their main predictions for the US include; Cyber attacks will remain the top threat to payments security This will be the year of mobile POS payments – NOT! EMV (chip card) POS migration will pick [...]

MazarBOT – advanced and nasty malware

"MazarBOT is pretty advanced and nasty Android malware. Several factors indicate that it was designed as malware primarily targeting online banking customers. In fact, it will most likely succeed in circumventing most online banking protection solutions”, ref: https://www.csis.dk/en/csis/news/4819/ No losses are disclosed.  This is the short version of the attack: It is able to scale [...]

The on-going Japanese bank robbery

The Rovnix Trojan is currently utilized attacking 14 of Japans largest banks and their clients. Rovnix is known to be among the more advanced banking Trojans and proves also to be hard to detect in this attack. The attack was originally only detected by 4 out of 54 Anti – Virus vendors, and has also [...]