/security

News and resources on cyber and physical threats to banks and fintechs worldwide.

Discussion
Mastercard supercharges fraud detection with GenAI
Ketharaman Swaminathan

Ketharaman Swaminathan

  Trillion data points? Can we get a sample of just one billion of them??
One-in-three consumers falling victim to APP fraud - Visa
Ketharaman Swaminathan

Ketharaman Swaminathan

  LOL! That'd be a canonical example of self-fulfilling virtuous cycle!
One-in-three consumers falling victim to APP fraud - Visa
Steve Haley

Steve Haley

  Agree with above.  Its important data but I would want to see how the online survey was done.  If an email went out that said "please take this survey about APP fraud", its probably not a representative sample: 1. if I've been scammed, I'm probably more likely to click on the link.   2. If I click on random survey links, I'm probably more likely to be scammed :) 
Biometric card pioneer Zwipe backs out of payment card market
Ketharaman Swaminathan

Ketharaman Swaminathan

  Biometrics is arguably one of the biggest flops in finserv industry of all times. I've lost count of the number of times the tech was supposed to change the future of authentication by next year for the last 20 years. Fingerprint scanner simply doesn't work reliably or fast enough under real world conditions. Except the very high end ones in expensive iPhones, that is, which is way above the paygrade of contactless credit cards. Besides, with countries increasing the limit of PINless transaction values on contactless cards, who needs any form of authentication - let alone biometrics - on a credit card anyway?
Simon West

How to fortify your business against cybersecurity attacks in 2024

Simon West - Director of Customer Engagement, Resilience