Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, Allianz Commercial warns in its annual cyber risk outlook. The frequency of large cyber claims (>€1mn) in the first six months of 2024 was up 14% while severity increased by 17%, […]
IMRG, the UK’s eCommerce association, reported growth in total market online revenue for the first time in 41 months in September, at +3.2% Year-on-Year (YoY). That is according to their Online Retail Index which tracks the online sales performance of 220 retailers. The last time the total market experienced positive revenue growth was in April […]
A new study from Juniper Research, the foremost experts in fintech and payment markets, has revealed the value of eCommerce fraud will rise from $44bn in 2024 to $107bn in 2029; a growth of 141%. The study found that AI is fuelling the sophistication of attacks across the eCommerce ecosystem, with the use of deepfakes […]
Paynetics, one of Europe’s leading providers of embedded finance and comprehensive payment solutions, partners with MyMonty, a pioneering financial technology company to launch a digital wallet. MyMonty’s app, with Paynetics’ digital infrastructure, enables customers across the EU and the UK, to easily access payments accounts and cards. By transforming the payment services experience into an […]
New data from digital transformation consultancy Daemon reveals that cyber security issues continue to plague Brits, particularly whilst shopping online. In the last 6 months alone, 36% have fallen victim to phishing scams, with other common issues including non-delivery of items once purchased (33%), credit card fraud (30%), counterfeit goods (28%) and identity theft (17%). These […]
Bluestone and Novuna Business Finance have announced a strategic digital collaboration with the aim of providing an improved service for UK businesses seeking commercial finance. The collaboration went live on Wednesday 25 September 2024 when the integration of Novuna’s API to Bluestone’s innovative end-to-end finance platform, the Bluestone Portal, was completed. The integration means that […]
THE number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a QBE report (Connected Business: digital dependency fuelling risk) launched today. The trend shows these strategically significant, disruptive and destructive global cyber-attacks will more than double this year to 211, compared to […]
New research commissioned by innovation incentives specialist, ForrestBrown, highlights that UK businesses are eager to invest in innovation, but a range of barriers are holding them back. 19% of businesses surveyed point to a shortage of skilled personnel—a concern reinforced by the Learning and Work Institute’s prediction of a 2.5 million shortfall in highly skilled […]
A new survey of senior decision-makers within UK-based financial services companies has found: 78% feel their use of technology for internal processes and operations is good. Even more (86%) have confidence in their customer facing technology. However, almost two thirds (59%) described their firm’s attitude to adoption and application of new technology as risk averse. […]
Businesses across the UK, Ireland and Europe are rapidly changing their attitudes towards risk in response to the swift evolution of technological threats that are transforming the risk landscape like never before. The Chartered IIA’s annual Risk in Focus 2025 report, released today, tracks the risks facing organisations year-on-year as ranked by 985 chief internal […]
