Access to Innovation
Access to Capital
Access to Talent
Access to Market
Access to Knowledge
Date Trend snippet:
18 May 2021
Relevance date:
2020, 2021
Type of Treath or Oppertunity
Domain of application
Source of threat
Victim
Trends in Security
Trends in Security Information
The HSD Trendmonitor is designed to provide access to relevant content on various subjects in the safety and security domain, to identify relevant developments and to connect knowledge and organisations. The safety and security domain encompasses a vast number of subjects. Four relevant taxonomies (type of threat or opportunity, victim, source of threat and domain of application) have been constructed in order to visualize all of these subjects. The taxonomies and related category descriptions have been carefully composed according to other taxonomies, European and international standards and our own expertise.
In order to identify safety and security related trends, relevant reports and HSD news articles are continuously scanned, analysed and classified by hand according to the four taxonomies. This results in a wide array of observations, which we call ‘Trend Snippets’. Multiple Trend Snippets combined can provide insights into safety and security trends. The size of the circles shows the relative weight of the topic, the filters can be used to further select the most relevant content for you. If you have an addition, question or remark, drop us a line at info@securitydelta.nl.
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The move toward cashless economies creates powerful incentives for payment fraudsters
Non-cash payment fraud and cyber-scams are well established criminal activities that have been targeting the EU for decades now. The ongoing digitalisation of almost all aspects of life creates additional opportunities for cybercriminals. The move toward cashless economies creates powerful incentives for payment fraudsters. Cybercriminals seek to compromise online payments, internet and mobile banking, online payment requests, contactless payments (both card-present and not) and mobile applications.
More source info
Non-cash payment fraud and other cyber-scams Non-cash payment fraud encompasses all kinds of fraudulent activities related to classical payment methods, including both card-present and card-notpresent payments. Cyber-scams are a diverse range of fraud schemes that are exclusively or primarily perpetrated online. These may include, but are not limited to:
• Business email compromise (BEC) fraud, which targets businesses and organisations and continues to increase in the number of attempts and their sophistication;
• New modi operandi such as SIM Swapping and SMishing, which pose a significant risk to the victims’ identities and finances(21) ;
• Online investment fraud, which targets thousands of EU citizens every year and increasingly relies on selling novel investments, such as cryptocurrencies;
• Phishing, which remains a significant threat and is further evolving in sophistication.
Non-cash payment fraud and cyber-scams are well established criminal activities that have been targeting the EU for decades now. The ongoing digitalisation of almost all aspects of life creates additional opportunities for cybercriminals. The move toward cashless economies creates powerful incentives for payment fraudsters. Cybercriminals seek to compromise online payments, internet and mobile banking, online payment requests, contactless payments (both card-present and not) and mobile applications. The increasing use of mobile devices for financial transactions and authentication processes has made them a target for cybercriminals.
Source:
Report
European Union Serious and Organised Crime Threat Assessment
Date published
13 April 2021
