August 10, 2015 - American technology firm Ubiquiti Networks has revealed that it fell victim to a social engineering trick that saw crooks make off with $46.7 million.
August 6, 2015 - A majority of small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted July 6-10.
August 5, 2015 - JPMorgan Chase is to double its cybersecurity budget over the next two years in the wake of a massive security breach last summer which saw the contact information of more than 80 million customers stolen.
August 4, 2015 - Innovate Finance, the membership association for the UK's global FinTech sector, and The Open University, a world leader in part-time learning, have launched the world's first introductory course to financial technology.
August 5, 2015 - The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
August 3, 2015 - The number of mobile banking users globally is forecast to double to 1.8bn over the next four years, encompassing over 25% of the world's population, according to research by KPMG and UBS.
August 3, 2015 - HSBC chairman Douglas Flint has called for a public policy debate on the ownership and use of consumer transactional data, as rapid technological change enables banks to assimilate and store vast amounts of personal financial information.
August 3, 2015 - Financial services firms will need to adopt more widespread use of emerging technologies to neutralise the threat of damaging security attacks. This is the advice from leading managed service provider, Advanced 365 (Advanced).
