522 Results from /crime
Uri Rivner CEO and Co-Founder at Refine Intelligence
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
Niall Twomey Chief Technical Officer at Fenergo
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
Shirish Netke President at Amberoon
Last week, the US Department of Treasury published its 2020 Strategy document that "employs a whole-of-government approach to guide the public and private sectors in addressing 21st century illicit finance challenges." The report highlights the risk-based approach as central to the 2020 Strategy. The report classifies vulnerabilities a...
10 February 2020 /ai /crime Banking Regulations
Chris Principe CEO at APB, Inc.
CRYPTO or GOLD It’s the start of a new year and a new decade! I am feeling great because I am back in my twenties again! As I recall my twenties and early banking career, I realize how my thinking has changed. During those young and fun filled days I overlooked some important questions. How do I increase, preserve and protect the wealth that I am c...
09 February 2020 /retail /crime The Payments Business
Konstantin Rabin Head of Marketing at Kontomatik
Cryptocurrencies had a great year in many respects. For the first time, large banks started collaborating with cryptocurrencies and considered the idea that this form of payment might actually be here to stay for a long time. We also saw a lot of resistance from the governing bodies and regulators that don’t want to see that change happen and woul...
03 February 2020 /crypto /crime Law and Finance
The global financial services sector continues to be rocked by a series of regulatory fines and money-laundering scandals, totaling more than US$36 billion in fines over the past decade. In the first of a new series, I explore the key KYC challenges facing financial institutions across the world and the increasing adoption of digital KYC and e-KYC ...
31 January 2020 /regulation /crime Banking Strategy, Digital and Transformation
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
From 30th June 2016 the ‘People with Significant Control’ Companies House register went live. This means that certain United Kingdom (UK) companies, Limited Liability Partnerships (LLPs), Societas Europaea (SE), and Eligible Scottish Partnerships (ESPs) are required to record certain details of their beneficial ownership. The idea is simple, by ma...
20 January 2020 /crime Law and Finance
Bhavesh Vaghela SVP B2B Product and Innovation at Collinson
There we have it folks, 2019 is behind us and 2020 has started. It seems like yesterday I was drafting my 2019 predictions! So how did I do? I got 3 out of 5, clearly don’t come to me for lottery numbers! In 2019 we saw big movements on the evolution of the ecosystem, the human touch and digital identity, The other 2 predictions SME gold rush and...
01 January 2020 /crime Digital Banking Trends
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