UK card fraud losses climbed by 18% in 2015, the sharpest rise in Europe, driven by online shopping and data breaches.

The price of bitcoin has tumbled as one of the world's largest exchanges suspends trading after losing $65 million worth of the cryptocurrency in a massive security breach.

India is set for a digital payments revolution, with the value of transactions set to hit US$500 billion by 2020, ten times its current level, according to research from Google and the Boston Consulting Group (BCG).

UK organisations that have a well-defined data strategy reported their company's financial performance as substantially ahead of peers in the most recent financial year. The findings emerged from research entitled 'Big data: Forging corporate capabilities for the long-term', a SAS research programme based on a survey conducted by The Economist Intelligence Unit.

Adaptive behavioural analytics software reduces 'genuine transactions declined' by over 70% and incidence of undetected fraud by 25%.

China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.

Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security. Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.