4 April 2018 | Banking techs | Blockchain techs | Financial fraud and hacking | News

MonetaGo, a New York-based startup founded in 2014, plans to create the first blockchain network in India designed for combating fraud in the trade finance industry. The project will be jointly implemented with three Indian factoring platforms, such as RXIL, A.TReDS and M1xhange, as reported in the official statement published this week.

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28 March 2018 | Analytics | Articles | Blockchain techs | Financial fraud and hacking

Cyber security is an urgent issue for all modern people living in the era of information, which is transferred over the Internet. Security companies continuously make efforts to develop and upgrade their products aimed at protecting consumer and corporate machines and mobile devices against data breach and other types of cyber-attacks. However, as the practice shows those efforts prove insufficient as attackers are becoming wiser and their actions are getting more sophisticated and ‘ingenious’. Could blockchain become the last word in cyber security, ensuring better data and systems protection?

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12 March 2018 | Financial fraud and hacking | News | Payment gateways | Payments

Capital One announced the introduction of a new feature into its chatbot Eno enabling customers to order the issue of virtual numbers for their existing credit cards to protect their online shopping experience against identity theft and other cases of fraud resulting in data breach.

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14 February 2018 | Analytics | Financial fraud and hacking | News | Payments

In the report titled “Cost of Cyber Crime Study,” Accenture and Ponemon Institute cites the figures related to the losses and costs borne by financial companies as a result of continuous cyberattacks and, hence, in connection with the need to protect their systems against breaches.

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13 February 2018 | Analytics | Banking techs | Financial fraud and hacking | News

Recent report published by Reuters unveil that Russian financial institutions were victims to heavy cyberattacks with over 1 billion roubles ($17 million) stolen from the banks in the country during the previous year. Hackers allegedly used Cobalt Strike tool designed to test security of the networks, according to the statement made by the Russian central bank this week.

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