Banking Sector

In terms of recent history, cheque fraud losses peaked in 2008 and, during the following decade, they reduced by more than 85%, which is far in excess of the decline in cheque volumes over the same period, writes Martin Ruda. However, the latest statistics reveal…

CYBG plc, the UK’s sixth largest bank, has appointed Dave Pickering to its Group Risk function as its new head of integration and transformation risk oversight. Pickering will now be responsible for the risk oversight of the programme designed to successfully integrate and transform Virgin…

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…

The European Banking Federation together with its member bank associations has joined the ‘No More Ransom’ campaign, a public-private project launched in 2016 offering free decryption tools for ransomware victims and awareness material. Ransomware is a type of malware that blocks a user’s device until…

Corps Security has won a three-plus-two-year contract to provide security services for French international bank BNP Paribas in London. The integrated security partnership involves security guarding and event guarding services together with close protection services and systems monitoring from Corps Security’s Monitoring Centre in Glasgow.…

At Europol’s headquarters in The Hague, Europol and the Institute of International Finance (IIF) have launched a high-level forum involving the law enforcement and banking sectors to improve the interconnection between these two worlds in mitigating the threats posed by financial crime, money laundering, terrorist…

The Centre for Secure Information Technologies (CSIT) at Queen’s University in Belfast is entering a new partnership with leading financial technology firm Intelligent Environments in what’s being described as a “world first” cyber security endeavour. The collaboration is part of the Knowledge Transfer Partnership programme,…

Any biometrics naysayers may be interested to hear that banking giant HSBC is about to roll out voice and fingerprint biometric authentication for use by some 15 million customers. This follows a similar move last year by RBS and NatWest for their own online banking operations. When…

Fraud data from other sectors can help insurers identify and tackle policy application and claims fraud, reducing the financial impact of insurance fraud on the industry and genuine customers. That’s the considered view encompassed within a new report from Cifas and Hill Dickinson. The report explains…