Confidence and trust in the internet as a safe environment is at an all-time low and hardly a day passes without some news appearing on phishing or viruses, identity theft or fraud. What happens, I wonder, if one of the large clearing banks decides...
The UK is among the worst offenders for originating fraudulent transactions, with the growth of phishing scams and the temptation of booming ecommerce revenues blamed for an explosion in online fraud.
Two-factor authentication, or the use of a method in addition to a password to verify identity, could still be defeated by Trojan horses and phishing attacks, Bruce Schneier, a cryptographer and chief technology officer at network protection...
Identity-related crime such as phishing threatens the growth of the internet, Barrett said. Headed by representatives from American Express and Fidelity Investments, the new effort plans to release an identity theft glossary next month and to...
The Association of Payment and Clearing Systems (Apacs) has estimated that card fraud stemming from online phishing attacks cost banks £12m last year. Managed services company Unisys has attacked banks and building societies for failing to tackle...
Earlier this week the CEO of credit card giant Visa announced that his company is investing $200m into 'anti-fraud measures' in a bid to get tough on scammers and card thieves. But the question is: will it stop the scammers?