off

Bank of England, PRA and FCA look to bolster operational resilience in finance sector

The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have published a shared policy summary and co-ordinated consultation papers on new requirements designed to strengthen operational resilience in the financial services sector....
Posted On 06 Dec 2019
off

Manufacturers “grind to a standstill” in face of economic and political storm

Britain’s manufacturers have ended the year “at a standstill” as the toll of ongoing political uncertainty coupled with the downturn in major global markets shows little sign of ending anytime soon. That’s according to a major survey conducted by business...
Posted On 04 Dec 2019
off

“Black Friday could realise perfect storm of online refund fraud” warns NBCS

Far from setting the festive scene for a perfect winter wonderland, Black Friday (29 November), Cyber Monday (2 December) and the annual retail rush to bring in Christmas sales revenue could store up a perfect storm of online refund fraud for the New Year. That’s according...
Posted On 28 Nov 2019
off

Malwarebytes reports 60% jump in healthcare endpoint threat detections

Advanced endpoint protection and remediation solution specialist Malwarebytes has announced the results of its latest Cyber Crime Tactics and Techniques (CTNT) report entitled ‘CTNT Q3 2019: The State of Healthcare Cyber Security’. The company observed a 60% increase...
Posted On 13 Nov 2019
off

Tech Nation to support ‘LawTech’ growth in UK with £2 million of central Government funding

A leading British technology firm has been awarded £2 million of Government funding to help support the digital transformation of the UK’s legal sector. Tech Nation will embrace the opportunities of ‘lawtech’, drive innovation and help the sector grow. An ambitious...
Posted On 04 Nov 2019
off

Jailed managers ordered to pay back £560,000 to NHS in wake of procurement fraud

Three managers (one NHS employee and two contractors) who were imprisoned last year for fraud and are still behind bars have been ordered by the courts to pay back over £560,000 to the NHS. This follows a financial investigation by the NHS Counter Fraud Service (NHS CFS) Wales...
Posted On 02 Oct 2019
off

Banking industry halts £4.5 million of fraud per day in first half of 2019

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, which is up 14% on the previous year. That’s according to the latest figures from UK Finance. This is equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, o...
Posted On 26 Sep 2019
off

HSBC GTRF introduces “industry-leading” financial crime detection systems

HSBC’s Global Trade and Receivables Finance (GTRF) business has deployed an industry-leading anti-money laundering (AML) system and an automated sanctions checking system as part of its ongoing efforts to improve financial crime detection. In what’s an industry first,...
Posted On 26 Sep 2019
off

First threat assessment for universities produced by National Cyber Security Centre

The threats facing the UK’s world-leading universities and the steps they can take to protect themselves are outlined in a new report from the National Cyber Security Centre (NCSC). The NCSC’s threat assessment aims to raise awareness of state-sponsored espionage targeting...
Posted On 24 Sep 2019
off

‘KYC’ compliance costing banks €50 million per annum as financial sanctions soar

A typical European bank serving ten million customers could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes. That’s according to new research from Mitek and Consult...
Posted On 03 Sep 2019