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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
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Retailers acting quickly to fix flaws in software as code quality issues “remain rampant”

Veracode’s latest State of Software Security Report reveals that the retail space is faster than most industry sectors when it comes to addressing common vulnerabilities found in software, ranking second only to healthcare in its speed of shutting down flaws to reduce risk...
Posted On 21 Nov 2018
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UK financial institutions “unaware” of third party risks posed by open banking

Identity and access management solutions specialist Bomgar has launched its 2018 Privileged Access Threat Report. The global survey explores the visibility, control and management that IT organisations in the US and Europe have over employees, contractors and third party vendors...
Posted On 06 Jun 2018
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UK’s Emergency Services “at risk of major cyber attack” warns Anomali in landscape analysis

The UK’s Emergency Services are at risk of a major cyber attack. That’s the key finding of a new landscape analysis issued by threat intelligence provider Anomali. The detailed UK Threat Landscape Report, which explores the UK’s Critical National Infrastructure against...
Posted On 27 Feb 2018
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BDO LLP study shows reported value of fraud now at highest level in 15 years

The total value of fraud has risen by 538% to £2.11 billion in the last 15 years and is up 6.5% from £1.99 billion in 2016. According to the latest study conducted by BDO LLP, the volume of reported fraud increased by 172% to 577, which is up from 212 cases in 2003. Fraud in the...
Posted On 16 Jan 2018
According to BDO's FraudTrack study, the total value of reported fraud in the UK for the first half of the year was £798 million
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BDO calls for enhanced due diligence as reported fraud in UK races towards £800 million mark

BDO LLP’s 2015 interim FraudTrack report states that the total value of reported fraud in the UK during the first half of the year was a staggering £798 million. That figure represents a near £80 million rise on the amount calculated for the same period last year. The...
Posted On 10 Sep 2015
Brian Sims BA (Hons) Hon FSyI: Editor of Risk Xtra
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In Total Control?

Robust financial benchmarks play a significant role in the global economy and impact a multitude of monetary instruments and contracts used by companies, Governments and consumers. It’s somewhat worrying, then, that the Financial Conduct Authority’s (FCA) thematic review of...
Posted On 17 Aug 2015
Firms still have to do further work to identify the full range of their benchmark activities and improve their management of the associated risks
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FCA review finds companies still failing to fully manage benchmark risks

According to the Financial Conduct Authority’s (FCA) thematic review of oversight and controls of financial benchmarks, companies still have further work to address in order to identify the full range of their benchmark activities and improve management of the associated risks....
Posted On 30 Jul 2015
BDO's latest FraudTrack survey shows that the volume of fraud in the UK is now at its highest level for 12 years
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BDO UK FraudTrack report reveals highest volume of fraud for over a decade

The latest BDO FraudTrack report shows that the total value of fraud in 2014 was £720 million, representing a decrease of 31% from the previous year and the lowest value since FraudTrack started in 2003. However, the latest FraudTrack report – which examines all reported...
Posted On 18 Feb 2015