payments security Archives - SEPA for Corporates

7 Sizzling SWIFT Cyber Threats YOU Need To Know

Jun

5

2019

A few weeks back SWIFT released a report – ‘Three years on from Bangladesh: tackling the adversaries‘ – detailing SWIFT cyber threats that have emerged in the last few years since the Bangladesh Bank hack. That bank heist was described by the SWIFT CEO Gottfried Leibbrandt “as a watershed moment for the banking industry..”, since ...

12 Types of Fraud You Need To Know About by UK Finance 2

Apr

19

2018

Last month UK Finance together with Financial Fraud Action UK published 2017 annual fraud update, highlighting different types of fraud along with some pretty incredible statistics (total number of incidents and value) indicating the extent of the losses. The good news is that in 2017 unauthorised fraud losses from payment cards, remote banking and cheques ...

How Ready are Banks for the PSD2 Regulation by PwC 1

Dec

4

2017

With just over a month to go till PSD2 (Payments Services Directive) comes into effect, there is a lot of buzz about the upcoming regulation. In this post i summarise what i learnt from the PwC report on bank PSD2 readiness: Waiting until the Eleventh Hour. Even though the PwC study is a couple of months ...

6 Simple Black Friday Tips Before you Hit Buy

Nov

24

2017

After roaming around looking for some pre-Black Friday deals, i was pretty overwhelmed by the hype and sheer volume of ads and deals bombarding me. Clearly Black Friday is now increasingly a big deal outside of the US. Check out the infographic at the end of this post that highlights the trend and growth of ...

9 Cool Fintech, Security and Tech Graphics from Sibos 2017

Nov

10

2017

Okay, last post reflecting information from Sibos 2017. Here i share some of the graphics that i spotted over the 4 day Toronto conference which capture key cybersecurity, fintech and tech themes. Take a close look at the graphics, there are some pretty interesting messages and let me know what you think in the comments ...

Overview of The Shadow Brokers, SWIFT And The NSA Leaks 1

Apr

19

2017

I should have spent the Easter weekend decorating, but ended up reading up about the Shadow Brokers, SWIFT, EastNets and the NSA leak. In this post i thought i would explain what it all means for corporates that use SWIFT, and in particular for those that connect to SWIFT using a SWIFT Service Bureau. Shadow ...

7 Cyber Security Points That’ll Impress Your Boss 4

Apr

6

2017

Last week inadvertently ended up being a cyber security focused week. It started off with the post 8 Cybersecurity Payment Threats Highlighted by the EPC and on Thursday i went to the SWIFT Institute Cyber Security 3.0 – Better Together conference in London. I found it to be a fascinating day with cyber security insights from ...

8 Cybersecurity Payment Threats Highlighted by the EPC 3

Mar

27

2017

Last week the European Payments Council released a report – 2016 Payment Threats Trends Report – which highlights some current cybersecurity threats resulting in fraudulent payments. In this post, i summarise those key payment threats: 1. Denial of Service (DoS) Attack A Denial of Service (DoS) attack involves resetting or overwhelming the targets resources to ...

Digital Forensics EXPLAINED In a Kick-Ass Infographic

Feb

17

2017

In the post How YOU Can Be Hacked in 7 Cybersecurity Infographics the infographics nicely capture cyber threats that are clear and present dangers. Following on from that the team at Maryville University have put together an informative infographic all about digital forensics. The infographic explains digital forensics, the role digital forensic investigators play in resolving ...

What the Heck is Cyber Security Hygiene? 3

Dec

19

2016

This year i have attended quite a few sessions about cyber security, and noticed a recurring medical analogy about practicing good “cyber security hygiene”. I get the gist of the cyber security hygiene point but was intrigued by the origins and history behind it. Here is what i found: Washing Your Hands Saves Lives: To ...