off

SelectaDNA Surge helps secure 45 years behind bars for ATM gas attack gang

Five men have been jailed for over 45 years after a series of cash machine explosion burglaries. The sentences come after Greater Manchester Police (GMP) officers launched Operation Cass, an investigation into a spate of burglaries targeting ATMs across areas of the North West....
Posted On 18 Dec 2019
Sundeep Tengur
off

Identity and Artificial Intelligence: The Recipe for a Strong Fraud Defence

Financial services event Sibos recently ran in London, with the theme for 2019 being “Thriving in a hyper-connected world”. The market has long demanded quicker and more convenient payment methods, and the industry is now answering with ubiquitous payments, but at...
Posted On 17 Dec 2019
Delfina Chain
off

Laying the Groundwork for Combating AI-Powered Cyber Crime

Artificial Intelligence (AI) is already being applied to diverse use cases, from consumer-oriented devices such as voice-controlled personal assistants and self-directed vacuum cleaners, through to groundbreaking business applications that optimise everything from drug discovery...
Posted On 20 Nov 2019
off

BSIA Briefing

The idea that a vending machine could dispense chocolate bars, but not cash intrigued John Shepherd-Barron. That’s precisely why Shepherd-Barron set out to design and launch the first ATM, which appeared on the streets of London in 1967, writes Sarah Staff. Back then, the...
Posted On 30 Aug 2019
off

FCA and PRA jointly fine Raphaels Bank £1.89 million for outsourcing failures

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have jointly fined R. Raphael & Sons plc – the retail bank providing banking and related financial services – for failing to manage its outsourcing arrangements properly between...
Posted On 05 Jun 2019
off

Voice Biometrics: Authentication Technology Speaks for Itself

Traditional login systems have enjoyed a remarkable longevity, writes Piergiorgio Vittori. Today, though, they’re no longer fit for purpose. The problem is not with the concept of the username and password combination. Rather, it’s that the system relies on the...
Posted On 02 Jun 2019
Andrew Henwood
off

“New wave of ATM ‘cash-out’-style cyber attacks hitting banks” warns Foregenix

A leading cyber security firm is advising financial institutions to take extra precautions to protect themselves against the growing threat of ATM ‘cash-out’-type attacks. Foregenix, which serves banks across the globe, warns the rise in these attacks can cause...
Posted On 11 Apr 2019
off

BSIA welcomes lengthy sentences handed down to Cash-in-Transit crime group

The British Security Industry Association (BSIA) has welcomed the lengthy sentencing of a security officer who acted as the ‘inside man’ in a series of Cash-in-Transit heists, and very much hopes such stringent jail terms will play a major role in the reduction of...
Posted On 26 Feb 2019
off

Threat detection platform delivers 36% reduction in staff injuries for Post Office

An integrated security system that includes new IP cameras and two-way audio technology has seen the rate of injuries as a result of attacks on Post Office staff decline by 36% in just three years. This follows the deployment of a sophisticated monitoring and intelligent threat...
Posted On 23 Jan 2019
off

‘The Future of Cash’ Conference set to highlight inherent dangers of “cashless world”

People urgently need to wake up to the implications of the disappearance of cash as society faces the ‘dangers’ of a cashless world. That’s the view of the organisers behind the aptly-titled ‘The Future of Cash’ Conference. The event will see central bankers and...
Posted On 23 Jan 2019
12