Risk & Compliance

Showing Latest Risk & Compliance

Major life-threatening cyber attacks on UK ‘in little doubt’

18 Oct 18 @ 16:32

The National Cyber Security Centre (NCSC) has published its second annual review, revealing it has prevented Britain falling victim to nearly 1,200 cyber attacks in the past two years. It... read more

Australia’s proposed anti-encryption law compels software “back doors”

17 Oct 18 @ 16:17

Apple, in a rare public protest, has exposed the Australian government’s proposed anti-encryption bill, calling it “dangerously ambiguous” and “alarming to every Australian”. The Access and Assistance Bill would see... read more

Mastercard, AmEx and Worldpay join inaugural Cyber War Game

11 Oct 18 @ 13:54

Mastercard, WorldPay and AmEx were among the payment processors who took part in a ‘cyber war game’, in a bid to test their systems amid rising IT security threats. The... read more

The cashless society – Maintaining trust in the payment system

11 Oct 18 @ 08:54

There is no doubt that lack of trust in the payment system remains a fundamental obstacle to a cashless society. Research shows that consumers are now more concerned than ever... read more

Have Apple, Amazon and other US heavyweights been hacked?

10 Oct 18 @ 10:24

It has recently been reported that a number of US technology heavyweights including Amazon and Apple have been hacked. According to Bloomberg, in 2015, Amazon.com began quietly evaluating a startup called Elemental Technologies,... read more

$88.6 million of funds laundered through cryptocurrency exchanges

04 Oct 18 @ 12:46

A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift.... read more

FCA bares teeth – Tesco Bank fined £16.4m over “avoidable” cyber attack

01 Oct 18 @ 10:11

The UK’s financial regulator (FCA) has issued Tesco bank with a £16.4 million penalty over an online cyber incident that occurred two years ago, the first fine the FCA has... read more

2018 Data Breach Investigations Report

01 Oct 18 @ 09:24

Ransomware attacks are a key cybersecurity threat for global organisations, warns Verizon’s 2018 Data Breach Investigations Report (DBIR). Ransomware is the most common type of malware, found in 39% of malware-related data... read more

First Data launches new fraud detection service – FirstSense

27 Sep 18 @ 09:36

First Data has launched a new anti-fraud detection service, FirstSense. It enables financial institutions to identify at-risk accounts across all card brands and prevent fraud. The newly launched platform combines... read more

The problem with self-sovereign identity: We can’t trust people

10 Sep 18 @ 17:00

Two buzzwords often heard in identity today are self-sovereign identity and distributed identity. The reason for considering new models for identity is, among other things, to avoid a single point... read more

Use of artificial intelligence set to face public backlash

07 Sep 18 @ 16:15

Artificial intelligence will face a backlash from the public unless researchers and companies make a much greater effort to engage society in its development, one of Britain’s leading scientists has... read more

botnet activity in H1 2018: Multifunctional bots becoming more widespread

05 Sep 18 @ 14:26

Kaspersky Lab researchers have published a report on botnet activity in the first half of 2018, analysing more than 150 malware families and their modifications circulating through 600,000 botnets around... read more

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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