off

Armor’s Black Market Report shows Cyber Crime-as-a-Service to be “thriving”

Cloud Security-as-a-Service provider Armor has released its annual Black Market Report which shows that Cyber Crime-as-a-Service is thriving, with cyber criminals staying ahead of the game by offering a raft of new goods and services – and even after-sales support. Armor’s Threat...
Posted On 10 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
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

22% of banks in UK “not taking advantage” of FCA-approved background checks

BDO has stated that banks are concerned any failures during their due diligence process may potentially expose them to huge Anti-Money Laundering (AML) fines even if the process is fully compliant. Concerns over money laundering penalties mean that 22% of banks in the UK are...
Posted On 24 Jul 2019
Jeremy Fleming speaking at CYBERUK 2019
off

GCHQ director Jeremy Fleming delivers Keynote Speech at CYBERUK 2019

In his CYBERUK address to an audience of 2,500 people in Glasgow from across the tech community (including Government, academia and industry), GCHQ director Jeremy Fleming talked about the organisation’s cyber security mission in the third decade of the Internet age....
Posted On 24 Apr 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

Financial services sector risks data security breaches with insecure instant messaging

As more people in the financial services sector work from home or remotely, the use of free instant messaging apps (such as WhatsApp) is rising to enable remote employees to communicate with their colleagues around the world. However, data from a recent survey commissioned by...
Posted On 13 Mar 2019
off

Carbon Black and Optiv pinpoint 160% upturn in destructive cyber attacks on financial sector

Carbon Black – the specialist in cloud-delivered next generation endpoint security – and Optiv Security (the security solutions integrator) have issued a threat report on the financial sector. Entitled ‘Modern Bank Heists: The Bank Robbery Shifts to Cyber...
Posted On 07 Mar 2019
off

Fighting Cyber Crime: The Partnership Approach

There’s plenty of evidence to suggest that neither the business community nor the police service have effectively prioritised their response to cyber crime. Indeed, a 2016 Institute of Directors survey of businesses found that only 57% had a cyber or information security strategy...
Posted On 02 Jan 2019
Professor Martin Gill CSyP FSyI
off

Fraud “not prioritised by the police” finds joint Perpetuity Research-Police Foundation study

New research conducted by Perpetuity Research and The Police Foundation has found that the police response to victims of fraud is “inadequate”. Despite fraud comprising up to 31% of all crime, and more than one third of victims reporting that the impact on them from...
Posted On 03 Dec 2018