Fraud
UK Bank Fraud victims can dial 555 to report Cyber Attacks
The United Kingdom will soon launch an emergency hotline number ‘555’ for victims to complain about bank fraud. The idea is to make the new hotline number a central repository to alert banks of illegal money transfers which can help crack down scams. As the idea is being backed by Ministers, Financial Chiefs, and police […]
MasterCard to offer Prophylactic Cybersecurity Defense
World-renowned card payment processor ‘MasterCard’ has announced that it is going to offer a prophylactic cybersecurity defense for banks that saves them from data breaches. The tool is basically designed to early detect cyber attacks carried out on external and internal data sources. Thus, it provides the insight intended to keep banks safe from almost […]
Cyber Attacks result in £8 billion loss to consumers of UK Financial Services
A recent study confirmed that cyber attacks have caused £8 billion loss to consumers of UK Financial Services in 2016. ThreatMetrix, a security watchdog that monitors 20 billion online transactions per year was the one which prepared the report and predicted that the consequences may deteriorate further in this year. ThreatMetrix says that the spike […]
