Risk & Compliance

Showing Latest Risk & Compliance

New strain of trojan EventBot can clear out bank accounts

22 May 20 @ 09:32

Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... read more

Identity fraud losses increase 15% as consumer out-of-pocket costs more than double

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

Diebold Nixdorf suffers ProLock ransomware attack

14 May 20 @ 12:04

Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by Krebsonsecurity, the ransomware attack struck the company April 25 and... read more

How Finastra survived a ransomware attack without paying ransom

16 Apr 20 @ 10:29

When hackers silently forced their way into the computer network Finastra in mid-March, the company was focused on developing emergency plans for operating amid the emerging COVID-19 coronavirus pandemic. Moving... read more

Fresh Marriott International data breach puts 5.2 million at risk

07 Apr 20 @ 12:06

Marriott International has sadly had to admit that it has suffered a second data breach following the earlier admission in 2018. According to an incident notification published on their website, the company spotted... read more

COVID-19 outbreak is perfect storm for cybercriminals

06 Apr 20 @ 12:27

COVID-19 is forcing millions of employees to work from home. This means countless organisations are faced with a unique challenge: how to keep as many business-critical functions running as possible... read more

MYHSM and OpenWay rethink payment security in the cloud

31 Mar 20 @ 12:50

A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a... read more

Inside payment card fraud

20 Mar 20 @ 13:29

Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... read more

Cybersecurity: Time is up for inaction

19 Mar 20 @ 10:46

Throughout the past two decades corporates have swiftly transitioned from traditional linear business models to platform based as the demand for quality product outlay in record time escalates. With platform-based... read more

European financial infrastructures launch Cyber Information and Intelligence Sharing Initiative (CIISI-EU)

02 Mar 20 @ 17:07

A group of Europe’s largest and most important financial infrastructures, members of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), chaired by the European Central Bank (ECB), launched... read more

RANKED: The countries most at risk of cyber crime

21 Feb 20 @ 12:25

The severity of cyber-breaches and cyber crime has become more and more intense in recent years. As a result, security experts at Specops Software sought to find out which (Western)... read more

Asia Pacific – Time to rethink your fraud management strategy?

19 Feb 20 @ 10:10

According to PwC’s 2018 Global Economic Crime and Fraud Survey, 61% of banks across the globe experienced an increased volume of external fraud in 2018, with 59% stating that the... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more