Month: February 2015

Make fraud detection part of your company’s DNA

Fraud can hit your bottom line, hammer your reputation, and scare off customers. But it is possible to minimise the risks. More control and more automation is the best place to start. This is because the complicated transactional nature of travel leaves it open to fraud. There are deposits, payments, cancellations, refunds, taxes, discounts and […]

Stamp out ticket crime

The Government was on Thursday night under mounting pressure to end its opposition to a new law that would help prevent fans buying tickets for this year’s Rugby World Cup and Ashes from being ripped off. The Rugby Football Union and England and Wales Cricket Board joined MPs and peers in urging ministers to back […]

Hackers steal £650m

More than £650m has gone missing from banks around the world in what is thought to be the biggest ever ‘cybercrime’. Hackers are thought to have stolen £650m from bank accounts across the world in an extraordinary heist that may have cost British banks tens of millions of pounds. A gang of Russian-based hackers used […]

Travel Scams

Travelling is a lot of fun. It’s full of adventure and wonder. However, travellers always have to be on their toes when travelling, especially when travelling to different countries. Since tourists are usually targeted by scammers as easy targets, there are a few scams for which travellers should be on the lookout. Cheap Airline Tickets […]

Hill Dickinson and Europcar disrupt staged accident

Hill Dickinson’s Counter Fraud Group and Europcar, the car hire services company, have successfully disrupted the activities of a staged accident fraudster. Following a court case centred on a staged collision between a family’s vehicle and a car hired from Europcar, Hill Dickinson’s fraud arm was able to identify suspicious activity carried out by Mark […]

Hacker reveals how easy it is to steal credit cards

A new breed of digital pickpocket has been discovered lurking in stations and shopping centres. They come armed with technology that can effortlessly steal credit and debit card details without so much as touching your wallet. Standing just six inches (15cm) away, these criminals use radio-frequency identification (RFID) readers to harvest bank details in a […]

Visa says new app will cut credit-card travel troubles

Fraud detection systems can lock accounts when people travel, but location-sensing smartphone software now can help approve a legitimate transaction. It’s a common problem for people who travel: you’re try to buy something far from home, but the credit card company won’t approve the transaction because it fears your card was stolen. New software running […]

Airlines to accept Bitcoins

UATP, the low cost payment network privately owned by the world’s airlines, has teamed up with Bitnet as a payment processing partner. This will allow UATP to offer its network of over 260 airlines the ability to accept bitcoin payments in a simplified manner. Ralph Kaiser, president and chief executive of UATP, said: “We are […]

Hackers cash in on data harvested

Small firms operating online need to be prepared for ‘unprecedented levels of attempted fraud’ this month, say payments experts. Payments business Worldpay claims instances of fraud could rocket by as much as 80 per cent in February as hackers capitalise on customer data harvested during the Christmas shopping period. Tim Lansdale, head of payment security […]

US to Create New Federal Cybersecurity Agency

The United States is creating a new cybersecurity agency to sniff out cyber-threats and centralize threat intelligence for use by existing federal agencies. The White House counter-terrorism coordinator, Lisa Monaco, will officially announce the new center. While the National Security Agency, Department of Homeland Security, the FBI and the CIA all have cyber practices and […]

M-commerce Fraud

Mobile e-commerce is still a nascent space, but growing fast: More than 200 million devices worldwide are now making regular purchases through mobile browsers and mobile applications. That offers a vast new playground for fraudsters, who will look to take advantage of immature security approaches in the space. According to a mobile commerce study by […]