Banks team up with Government to combat cyber criminals and fraudsters

Posted On 27 Aug 2014
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A pioneering financial crime alert system will see 12 Government and law enforcement agencies warn banks of the latest threats in a bid to safeguard the accounts of millions of customers. Working with preferred technology partner BAE Systems Applied Intelligence, the British Bankers Association (BBA) will launch the Financial Crime Alerts Service as part of a new approach towards combating a wide range of financial crime threats. The new alerts service will allow the sector to react more swiftly than ever to major incidents and permit industry financial crime professionals to spot emerging problems and threatening criminal trends. Anthony Browne, CEO of the BBA (pictured), said:” This alerts system is a powerful new weapon against fraudsters, cyber criminals and other crooks intent on stealing our customers’ money. Receiving real-time alerts from both domestic and international bodies, including the National Crime Agency (NCA) and 11 other Government and law enforcement agencies, will provide vital intelligence for the army of staff banks have already hired to combat these threats. This service is a shining example of how banks and Government can work together to benefit all customers.” Real-time intelligence pooled from partner agencies and Government bodies will be shared with expert banking officials in place to tackle fraud, financial crime and other violations. This work builds on the successful arrangement already in place between banks and the National Fraud Intelligence Bureau that has prevented over

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.