Card-Not-Present and cross-border card fraud in Europe is rising
by Kylene Casanova
Card fraud is still a lucrative source for criminals in Europe
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
Read moreSupply chains are the weakest link in cyber crime
by Kylene Casanova
What are the questions that can protect your supply chain from cyber crime?
ICC publishes corporate guide to cyber security
by Kylene Casanova
The ICC's 'Cyber security guide for business' presents a number of principles, strategies and actions that can help companies put a cyber security framework into practice.
Usage of Managed Know Your Customer Services grows
by Kylene Casanova
Even major investment firms - Stifel Nicolaus and BlackRock - are signing up for Thomson Reuters Org ID Know Your Customer Managed Service
Corporates need alternative approach to cybersecurity
by Kylene Casanova
Cyber crime could quadruple in the next four years. That's why corporates need to change their game in protecting their online data.
SWIFT’s KYC Registry has users in more than 100 countries
by Kylene Casanova
Banks are exchanging KYC data via service world-wide
AFP Payments Security Guide: insights for fighting payment fraud
by Kylene Casanova
Identify any weak payment channels or routines; develop practical and preventive measures to improve payment security; and what to do if fraud occurs
CIFAS report that UK recorded credit fraud up by a quarter & increasingly organised
by Kylene Casanova
Impassioned plea from CIFAS to government and industry for new programme of research and other iniatives to prevent identity fraud and other credit fraud because new solution needed
Fraud growing globally, biggest source gets little attention as it’s embarrassing
by Kylene Casanova
Overall fraud is huge world-wide and it’s getting worse. There is some good news, but not a lot. Occupational fraud continues to dominate. UK payment fraud figures show that continued vigilance needed
Are Bitcoin transactions hideable? Well, no and yes… theoretically
by Kylene Casanova
A new fraud control arms race has started
Islamic state allegedly uses Bitcoin for secret transactions
by Kylene Casanova
Even if this is not true, it shows the dangers of uncontrolled, untraceable digital cash. Pressure on the authorities increases
Thomson Reuters successfully completes ISAE 3000 audit type 1 for its KYC service
by Kylene Casanova
First and only KYC service to successfully complete ISAE 3000 type 1 audit on the design suitability of its internal controls tied to transparency and the quality of its KYC managed services
Would technique used in $1bn cyber attacks on banks work in corporate treasury?
by Kylene Casanova
Carbanak gang penetrated bank systems using spear phishing that secretly releases malware into company’s system once opened. BUT Occupational Fraud ALREADY costs 1,000 TIMES forecast Cyber Fraud
SWIFT extends Sanctions Screening to support all financial transaction formats
by Kylene Casanova
Service to support all messages used in financial transactions, regardless of format or financial network
Fraud keeps on growing, although new products could reduce some types
by Kylene Casanova
But ‘The worst is yet to come’. Are you ready?
Essential digital e-commerce combines comprehensive KYC with fast checkout
by Kylene Casanova
This is now possible, e.g. JUMIO’s NETVERIFY and BAMCHECKOUT. Also use the new ID identification services for employee onboarding
SWIFT’s KYC Registry goes live for correspondent banks worldwide
by Kylene Casanova
New industry-owned utility provides secure exchange of KYC information, supporting transparency and compliance
SWIFT new feature for their Know Your Customer’s Customer compliance service
by Kylene Casanova
Profiles of correspondent banks global activities to boost their KYC Registry
Key problem in Cyberspace: Staff downloading firm data to personal devices
by Kylene Casanova
Washington Post Cybersecurity Summit revealed many key questions including, ‘How should government deploy their power to protect society in cyber space?’ ‘How can companies protect themselves?’
SWIFT offers free access to The KYC Registry for participating banks
by Kylene Casanova
SWIFT’s KYC Registry will be generally available at end of 2014
Fundtech migrates 40 banks onto its global AML compliance solution
by Kylene Casanova
Anti-money laundering protection and compliance improved as banks add new solutions to make themselves compliant with current regulations
Play it safe, don’t trust anyone, don’t trust any system, check, and cyberinsure
by Kylene Casanova
AFP: Cybersecurity tops list of treasurers’ priorities as “It’s now a matter of ‘when,’ not ‘if’.” Here’s what to do
New fraud prevention systems & services from Barclays and Apple raise questions
by Kylene Casanova
But which do you trust? The problem is that fraud prevention requires a multi-faceted approach
10 steps to Cyber security from UK’s GCHQ
by Kylene Casanova
Learn from the British intelligence agency responsible for spying on you and your government