Two fifths of UAE consumers experience online fraud attempts
Two fifths of consumers in the UAE have experienced an online fraud attempt, of which, half would contact law enforcements if it is successful.
ESMA slaps €408,000 penalty on derivatives firm due to EMIR data breaches
The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).
Report finds suspected Chinese state-backed group targeting Asian telecoms
A cybersecurity report has found an alleged Chinese state-sponsored faction is attempting to hack telecommunications organisations in Taiwan, Nepal and the Philippines.
Organisations spend around $1.7m each minute on combating cyber threats
There are around 648 cyber threats every minute and this crime costs organisations $1.7m each minute, according to a study from RiskIQ.
What are the money laundering and fraud concerns around electronic funds transfers?
As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.
US court gives fraudster 7-year jail sentence following attempted $2m scam
A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.
How investing in a robust policy management system can help organisations with compliance
With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.
NanoLock Security eyes expanded footprint following $11m Series B
Israeli device protection and management firm NanoLock Security has raised $11m from a Series B funding round.
EU plans to introduce AML authority following financial crime uptick
The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.
Quantexa unveils latest version of risk detection tool to aid financial crime fight
Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo.
