FICO

SEPTEMBER 16, 2020

Whilst data compromises drove up card fraud in the UK in 2018, they were not at the same scale and ferocity as 2019. UK banks continued to strengthen and improve their systems, taking the learnings from the 2018 spikes to better control future compromises, and take the next steps forward to further improve Card Not Present (CNP) protection.

Compromise 52

Compromise Monetary Loss Deposit Account Volume 52

PYMNTS

DECEMBER 9, 2016

Filip Chytrý , threat intelligence researcher at Avast Software , defines Crimeware-as-a-Service as an automation of malicious cyberattacks — rather than hackers compromising vulnerable systems themselves, they can instead pay for already established botnets and other online interfaces to seek out and exploit vulnerabilities.

Monetary Loss 90

Monetary Loss Money Laundering FBI Phishing 90

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. It achieved the third best reduction in fraud loss of the studied countries, reducing fraud levels by €2M (39 percent). Hungary also made significant progress.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52