The attacks on payment services increases, but the losses are relatively small, the Financial Supervisory Authority’s risk and vulnerability analysis for 2015 which was presented Thursday.
– The digital crime is increasing and changing threats to the financial industry. Increased digitization also makes consumers more vulnerable to failure in enterprise online services. We nevertheless believe that payment methods are mostly solid and stable, says section chief Olav Johannessen.
There is still room for some improvement, he stressed.
Ecommerce
especially stolen card data and fraud at Internet shopping increases. So-called card not present fraud – where the card being misused, not physically being exhibited, which trade on the internet – make a significant jump upward. In 2013 amounted to fraud NOK 51 million, in 2014 72 million and last year all 98 million. In all, 44,900 cards registered misused, doubling from 2013.
It is usually bank customers themselves who discover that they have been victims of fraud. Johannessen said the banks also have systems to monitor transactions, and that some attempt is detected, but adds that it is almost impossible to eliminate completely the fraudulent activity.
– The best thing one can do is not having short, but it is well utopian. Banks discovers a part of this and are doing a good job of reducing the incidence, says head of section.
Loose Money
Analysis of Financial Supervisory Authority also shows the extent of fraud and attempted fraud over banking. Losses after fraudsters have managed to plant malicious software in the customer’s computer, six times in one year to over 3 million. Likewise fraud by so called phishing and fake BankID places increased from 500,000 million in 2014 to nearly 6 million last year.
Many companies and individuals found that encryption virus shut the user out of data or equipment, and that it was directed ransom to restore access.
– But no one should have paid ransom, says Johannessen. (© NTB)
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