35,000 CFOs targeted: this is how London Blue works
by Bija Knowles
A cyber criminal group has a list of about 35,000 CFOs, used to target financial professionals with costly BEC scams worth $12 billion
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…
Read moreBank tech outages up 138% but cyberattack not main threat
by Bija Knowles
Over-confidence in change management is main cause of financial services IT outages according to the Financial Conduct Authority
Fraud: Scary crime stats; Global economies; Don’t care; McKinsey way
by Jack Large
Terrifying cyber crime statistics; Destabilizing economies; Employees don’t care; Holistic approach needed at all levels
E-payment fraud to double by 2023, driven by data theft
by Bija Knowles
Online payment fraud losses could more than double in the next five years, reaching $48 billion by 2023
Fraud to peak this month, devices a weak spot
by Bija Knowles
Fraud is a challenge for merchants as Thanksgiving gives criminals much to celebrate but legacy systems mean even biometrics is a risk
Ransomeware: DON’T pay cybercriminals, it will only encourage them
by Jack Large
One and a half years after its epidemic, WannaCry ransomware still tops list of most widespread cryptor families and ransomware
Fraud best practice: multi-faceted 24/7 vigilance is only answer
by Jack Large
Latest solutions: Adopt strategic approach; Imposter fraud prevention; Treasurer’s role in cybercrime prevention; Cutting out ’sleeping
Cyber risks rise dramatically as companies embrace new tech
by Kylene Casanova
Digital transformation brings risk, exposing companies to higher and more costly cyber risks, according to a report by ESI ThoughtLab
Internal accounting controls needed to fight cybercrime
by Bija Knowles
A report highlights the risk of 'fake executive emails' and how companies that fall victim could be breaking an 80-year old law
Payments industry learns from coordinated cyber ‘war games’
by Bija Knowles
Some of the biggest names in payments have participated in a simulated cyberattack to uncover the weaknesses in their response plans
Finance #1 target for cybercrime, software is key weakness
by Bija Knowles
The financial industry is a prime target for cyber criminals, while legacy systems and the software supply chain are key weakness
Tackling the cybersecurity threat in treasury
by Bija Knowles
It's Cybersecurity Awareness Month in the US: an opportunity to refresh ideas on cybersecurity in the corporate treasury department
A third of companies not insured for data breaches
by Bija Knowles
One in three companies would prefer to pay a hacker's ransom fee rather than invest in IT security and insurance
5 areas influencing the cyber threat landscape
by Bija Knowles
Cyberattacks on organisations and infrastructure are likely to increase in number and scale, with five key areas driving the growth
Legitimate procurement + accounting letters? Or cyberattack?
by Bija Knowles
Hundreds of corporates have been receiving what appear to be real procurement and accounting letters – actually sent by cyber criminals
Deutsche and Oracle accelerate move away from paper work
by Bija Knowles
Deutsche Bank and Oracle Financial Services both introduce digital signature and finance solutions to ease paper burden for corporates
6 security considerations for using work devices on holiday
by Bija Knowles
For those who have to connect to work devices while away, certain online security precautions shouldn't be overlooked
Key questions to protect treasury from cyber threats
by Bija Knowles
The EACT has published a guide to ensuring your company is protected from cyber threats
Is your pensioner still alive?
by Jack Large
New technologies can be the solution but………..
How to detect and prevent fraud ….. Sometimes
by Jack Large
Latest reports from - Ravelin, TIS, and Kount - and their good ideas plus vital fraud prevention checklists
What will it take to stop the breaches?
by Jack Large
Protecting data and ID is THE problem in business today
Financial crime: vital to screen all suppliers regularly
by Jack Large
Thomson Reuters 2018 Survey Report - Reveals the true cost of financial crime: 3.1% of annual turnover and much more in many other ways
Fraud prevention rates rise as cybercrime tactics evolve in Europe
by Bija Knowles
High use of mobile devices and evolving fraudster tactics in Europe may be behind a rise in cybercrime attacks but rates of prevention and detection have increased 30 per cent year-on-year
Treasury is prime target for cyber-criminals
by Bija Knowles
While most corporate treasurers say their companies are implementing basic security measures, serious gaps in corporate cyber defence remain, according to a report by the EIU