Consumer credit company, Experian, has announced a new service which will help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds. Money mules are individuals who have agreed to let their bank accounts be used by criminals in exchange for cash. According to new insights from Experian, […]
Arctic Wolf has announced the expansion of its Arctic Wolf Security Operations Warranty, the industry’s most comprehensive cybersecurity solution warranty, to eligible customers in Europe and Australia / New Zealand (ANZ). This revolutionary benefit provides qualifying Arctic Wolf customers with fully underwritten financial assistance of up to US$1 million in the event they experience a […]
Zellis, a leading provider of payroll services for the UK and Ireland, has confirmed that it has suffered a software supply chain attack affecting well-known companies BA, the BBC and Boots. The company released a statement confirming the incident. ‘We can confirm that a small number of our customers have been impacted by this global […]
The Information Commissioner’s Office (ICO) has revealed that around 90 organisations suffered personal data breaches following the recent Capita cyberattack that happened in March 2023. The outsourcing giant is said to have left a pool of data unsecured online and hundreds of thousands of customers have been warned that they could be victims of the […]
Gulf Business Machines (GBM) has signed a three-year agreement with Al Ahli Bank of Kuwait (ABK) to implement the industry-leading GBM Shield cybersecurity platform within ABK’s operations. In a major move towards enhancing cyber-resilience, ABK is leading the charge as one of the first customers in Kuwait to adopt GBM Shield, GBM’s most comprehensive cybersecurity […]
Group-IB, one of the global leaders in cybersecurity, headquartered in Singapore, uncovered a novel and extensive scam campaign targeting both Instagram and banking users in Indonesia, which aims to gain access to their bank accounts. As part of the ongoing brand-protection efforts, the company’s Digital Risk Protection unit identified more than 600 hijacked Instagram accounts used to spread phishing […]
Credit card application fraud rose by 18% in the last quarter of 2022, with fraudsters looking to take advantage of Personally Identifiable Information (PII) and take out credit and borrowing in an account holder’s name. The rise means the overall fraud rate for 2022 was the highest yearly rate recorded by Experian in the last […]
Over nine in 10 (94%) financial services companies are confident in their cybersecurity posture. However, high confidence is being tempered by an increase in successful cyberattacks against the sector, suggesting that further cybersecurity improvements must be made. Research from Bridewell has revealed that finance organisations are outperforming their peers across the UK’s Critical National Infrastructure […]
Experian has launched CreditLock – a new feature that will enable customers to lock their Experian Credit Report at the touch of a button. The launch comes following data that shows one in four UK adults have fallen victim to fraud, with 75% of UK adults having been targeted, highlighting the scale of the problem in […]
Swiss FinTech company, NetGuardians, has announced that BANK OF AFRICA, a pan-African bank present in 31 countries worldwide, 20 of them being in Africa, will use NetGuardians’ fraud prevention software to further safeguard its assets and branches in Morocco against internal and payment fraud. More than 25 client banks across Africa and the Middle East […]
