Digital fraudsters increase attacks against multiple industries during pandemic
by Jack Large
TransUnion quarterly global fraud analysis also examines the types of fraud targeting businesses and where it originates
ID Systems & Services in Fraud Prevention
Background
Regulatory compliance, combined with the globalization and the online nature of business today has made identity management a major issue. One of the biggest problems in preventing fraud is being sure…
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Industry roundup: 4 May 2020
by Ben Poole
News in brief covering a spike in corporate ransomware payments, the new EU-Mexico trade agreement, and more.
COVID-19 cyber and ESG implications for corporates
by Ben Poole
The employee factor looms large for companies in the fallout from the pandemic crisis.
Tackling cyber threats through technology and education
by Ben Poole
IBM and Fernergo partnering on software solutions to financial crime, as Mastercard and Oxford University offer cyber skills programme.
Industry roundup: 15 April 2020
by Ben Poole
News in brief for Pega, IOSCO, EPA, Kyckr and Citi.
Calls for cross-sector cooperation to tackle authorised push payment fraud
by Ben Poole
UK Finance data shows APP fraud losses rose to £456m in 2019, partly driven by criminals abusing online platforms to scam victims.
HSBC UK’s voice biometrics prevented £400m of attempted fraud
by Ben Poole
The bank says VoiceID registered twice as many attempted fraud hits in 2019.
DBS partners with Exiger to tackle evolving risks of financial crime
by Ben Poole
The bank plans to use an automated AI-powered solution to enhance customer screening processes.
NatWest lays claim to first UK bank-issued biometric credit card
by Ben Poole
The biometric fingerprint credit cards enter circulation with 150 customers taking part in the pilot.
Mastercard launches Threat Scan to assess bank fraud exposure
by Ben Poole
The solution is designed to identify authorisation system vulnerabilities for issuers before exploitation and fraud loss can occur.
Elavon selects Featurespace to launch fraud prevention capabilities and support PSD2 adoption
by Ben Poole
The fraud network is designed to help merchants to detect fraud and simplify the online checkout experience.
Is no fraud possible?
by Jack Large
Probably not, but understanding the realities, and using simple best practices and effective technology will minimise your fraud
Fraud is rampant but still UK’s FCA agrees to postpone SCA rules
by Jack Large
Threat to 25% of e-commerce transactions drives postponement when will EBA relent and accept reality?
Survey finds UK companies failing at IT security basics
by Ben Poole
Companies investing in the latest cyber security products and services are risking this being undermined by sloppy practices.
Who is responsible for detering payment fraud & cyber risk?
by Jack Large
PwC’s advice on how to go about it
220 regulatory alerts every day, yet only 28% outsourcing compliance
by Jack Large
Thomson Reuters “Cost of Compliance 2019: 10 years of regulatory change” report shows scale and dynamics of regulatory compliance
How to ensure your company is protected against payments fraud
by Jack Large
Key Steps Towards Complying with SEC Accounting Controls
Artesian Solutions brings new enterprise-level client onboarding to front line
by Jack Large
New Artesian Risk and Compliance Hub brings risk decisioning & KYC compliance together in a regtech game-changer
AML focus moving to non-financial sector
by Jack Large
encompass analysis shows that in 2019 AML expected to exceed record, will shift to monitoring non-financial sector as well as banks
How to stop corporate payment fraud
by Jack Large
nsKnox new paradigm: Cooperative Cyber Security technology platform could eliminate corporate payment cyberfraud
Digital identities are under threat
by Jack Large
Cybercrime is going to get worse: Latest H2 Cybercrime Report - Global Insights from the ThreatMetrix® Digital Identity Network
‘Blockchain bandit’ exploits weak private keys
by Graham Buck
A security test of the cryptocurrency Ethereum has exposed technology flaws that enabled a thief to access accounts.
Fighting fraud: latest advice
by Jack Large
Email vulnerabilities; protecting against payment fraud; beware 3DSecure; fraud underground shop; stopping chargebacks; fraud myths....
Big investment and job losses ahead as banks sector embraces AI
by Graham Buck
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.