Fraudsters target BMO and CIBC’s Simplii Financial
Alleged to be in possession of customers’ personal and financial information.
Financial Crime & Fraud
Criminals capture $1.2bn in cryptocurrency since 2017
Anti-Phishing Working Group reveals the danger… and damage.
Fighting a (losing) battle against fraud
It appears financial institutions and businesses in the US are fighting a losing battle.
Infographic: card fraud – is biometrics the missing piece of the puzzle?
Thumbs up as Fingerprints is on hand to help with some pointers.
identitii teams with RPA firm Blue Prism
Will design tech to digitise and automate corporate payment and trade transaction processes.
Mexican banks hit by cyberattacks
Between $15-20m taken from at least five Mexican financial groups.
Capital One buys digital identity start-up Confyrm
“Scrappy little start-up” has made a difference.
Infographic: How to spot cryptocurrency scams
I pity the fool that doesn’t look at this anti-scam infographic.
Credit Karma teams with SpyCloud for dark web data monitoring
Credit Karma expands its identity theft monitoring offering to include data from the dark web.
Centra Tech founders arrested and charged with fraud
Three out of the four charges carry a maximum sentence of 20 years.
SpyCloud lands $5m in funding
All is revealed by security breach detection and account takeover prevention service.
SEC charges Mozido founder with investment fraud
Michael Liberty and “friends” took some real liberties with the cash.
Pindrop is tongue-licking good for biometrics
Jaws drop as it launches Tongueprinting.
Carbanak and Cobalt crime crew caught
Mastermind behind €1 billion cyber bank robbery arrested in Spain.
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
Trusted Knight nobly unveils Protector Air to fight fraud
Cloud-based solution deploys in-stream between consumers and businesses.
Pindrop and Aeriandi team up to combat phone fraud
Voice authentication specialist Pindrop has partnered with voice solutions provider Aeriandi.
Coinbase taken to court, twice
Cryptocurrency exchange Coinbase has landed in more hot water with two federal class action lawsuits.
AI and ML curbing financial fraud
A never-ending cycle in the good guy vs bad, but good folk are now gaining ground.
Signifyd to provide guaranteed fraud protection to Corra’s e-commerce clients
Guaranteed fraud prevention technology for Corra’s high-end enterprise retail customers.
Zonafide blockchain brings bona fide touch to Atos
UK firm will help Atos combat identity theft and cybercrime.
Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
NetGuardians signs first customer in North America
Canada’s FirstOntario Credit Union looks for help in fight against fraud and cybercrime.
US DoJ shuts down payment card fraud ring
Transnational criminal gang responsible for more than $530 million in losses from cybercrimes.
Infographic: 77 facts about cybercrimes one should know in 2018
Did you know that 75% of mobile apps would fail a basic security test?
Radius Bank mixes it with Alloy for digital revamp
Massachusetts-based bank plans to become a digital-first entity.
Could data masking prevent credit card fraud?
Examining the latest weapon cybercriminals have acquired – data masking.
Infographic: the most shocking personal data hacks of all time
Including data hacks of Equifax and JP Morgan Chase as well as online security tips.
Cryptocurrency mining scam catches 15m people out
Running undetected for over four months.
Top fintech stories this week – 26 January 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Blockchain and bitcoin round-up: 20 December 2017
More bite-size Bitcoin and blockchain news.
Using artificial intelligence to keep criminal funds out of the financial system
Are you suspicious? This is a key question at the heart of efforts to tackle money laundering: if you work for a bank or other financial institution and have suspicions money laundering is happening, you have a legal duty to speak up.
Cybersecurity needs to be a global and coordinated effort
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
Blockchain and Bitcoin round-up: 1 December 2017
Quickly following on from yesterday’s (30 November) blockchain and Bitcoin round-up, here’s more action. Features money laundering in Japan; Coinsource ATMs in Georgia; Cardano Foundation, IOHK and Emurgo teaming up; and PwC in Hong Kong. Over in Japan, Kyodo and Jiji news sites have reported 170 cases of suspected money laundering linked to cryptocurrencies were […]
Using the web to access online banking? Who is protecting the browser side?
To date, there hasn’t been a way to understand if online users are being compromised or to be sure precisely what they are seeing whilst visiting and interacting with a web page. We know that endpoint security and anti-viruses fail and online users can be infected even with all the precautions that they may take. Server-side security is now very mature and excellent progress has been made in that particular field.
Blockchain and Bitcoin round-up: 24 November 2017
That Friday feeling isn’t complete without another round of the latest blockchain and Bitcoin news! Following on from yesterday (23 November) our latest covers Globitex, Billion and Bitcoin Gold.
Blockchain and Bitcoin round-up: 21 November 2017
From major crimes to KYC times. Our latest blockchain and Bitcoin round-up features Tether, Metal, Deutsche Bank and IBM. Digital currency firm Tether is feeling under the weather as it has reported that “funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker”. The amount is a rather large […]
Crime moves upmarket as fraud becomes UK’s number 1 offence
New research from Experian claims fraud is now the UK’s most common criminal offence, much to the dismay of thugs and hoodlums everywhere, reports Telecoms.com (Banking Technology‘s sister publication). The company’s Annual Fraud Indicator 2017 estimates the annual cost of fraud in the UK is £190 billion, exceeding the total gross domestic product of 148 […]
Crime thriller: Trading Down, by Stephen Norman – part 3
Over the past few weeks, we’ve been sharing some extracts from a new crime thriller, Trading Down, by Stephen Norman, long serving CIO/CTO of RBS Global Markets. Here, in the third and final extract, we return to the action at the Hamilton Datacentre crisis.
