498 Results from /crime
Retired Member
Covid 19 has highlighted a need for firms in the business world to be adaptable to rapidly changing conditions. In Financial Services, changing regulations and requirements from regulators mean that day to day users need to have solid processes and case management tools which allow them to maintain a strong structure of checks and balances. At th...
15 May 2020 /wholesale /crime Financial Services Regulation
Jim Steven Head of Crisis & Breach Response at Experian Consumer Services
Covid-19 is at the forefront of business minds right now, with many tasking themselves with understanding, reacting to and learning lessons from this ever-changing situation. However, although business survival will be the top priority throughout this pandemic, it’s also essential to have the correct processes in place to effectively respond to a ...
07 May 2020 /crime /covid-19 Information Security
Uri Rivner CEO and Co-Founder at Refine Intelligence
If I had to pick one community that is definitely going to thrive during a global virus outbreak, it's online fraudsters. Check out these seven predictions about incoming cyber crime... An unprecedented global virus outbreak is just what the cyberfraudster ordered. Confusion, chaos, and abrupt changes in digital user behavior can help the sharp-min...
29 April 2020 /payments /crime Online Banking
Zelle Fraud: You Ain’t Seen Nothing Yet… If you live in the US, you probably already use Zelle. Zelle is super awesome. It's sleek, real-time, and allows you to pay instantly to anyone with an email or phone number directly from your bank account - with zero commission. And it also attracts criminals like bees to honey. Banks that have launched Zel...
24 April 2020 /payments /crime Online Banking
Yaroslav Kuflinski AI/ML Observer at Iflexion
Fraud is an ever-lasting problem for banks and other financial institutions, which only continues to persist. As we are moving toward ubiquitous digitalization, criminals are discovering new weak spots in financial digital applications. Paradoxically, the technology works both ways: it helps firms to provide better customer experience and optimize ...
17 April 2020 /security /crime
Niall Twomey Chief Technical Officer at Fenergo
In this nascent market, organizations are exploring the speed and accuracy of DLT and the enhanced security of Blockchain. In this blog, I take a look at the DLT and blockchain technologies that can make decentralization and sharing of quality data a reality for e-KYC utilities. When we explore the bank-driven approach to KYC customer record shari...
01 April 2020 /regulation /crime Blockchain in Banking and Financial Services
As the Coronavirus outbreak spreads globally, users are beginning to change their digital behaviors. One emerging trend, not surprisingly, is an increase in the use of Remote Access. Criminals consider RATs - Remote Access Tools - as the perfect cloaking device: it allows them to operate from within the user’s trusted device, gain access from the u...
26 March 2020 /payments /crime Online Banking
Over the last three blogs in this series, we’ve analyzed the need for e-KYC utilities to solve the current KYC challenge. We’ve examined the need to learn from previous KYC utility attempts and explored the role of distributed ledger and blockchain technologies to achieve a coveted decentralized approach to KYC utilities. In this final blog, we lo...
19 March 2020 /regulation /crime
Paul Hampton Security Expert at Thales
On New Year’s Eve 2019, hackers struck foreign exchange giant Travelex and held them to ransom. The London headquartered firm with a presence in more than 70 countries, were forced to take down all its global websites. $6 million was demanded (£4.6 million) to return access or else customer information would be released. Sensitive personal informa...
10 March 2020 /security /crime Information Security
Vikas Seth Chief Product Officer at IDnow Gmbh
Even though UBER being banned from London is old news (from 3 months ago), this is still quite relevant nowadays https://www.bbc.com/news/business-50544283 The reason as stated in new articles was that UBER had some fake drivers (either holding invalid licenses or not insured) going through verification process successfully. The fact that fraud i...
12 February 2020 /ai /crime Biometrics
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