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‘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
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Companies House reforms “will do more” to safeguard personal data and combat fraud

Companies will be better protected from fraud under new Companies House reforms that “will do more” to safeguard the personal data of business owners and ensure the accuracy of the register. Business Minister Kelly Tolhurst has unveiled a substantial package of...
Posted On 07 May 2019
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Latest Cifas statistics chart drop in identity fraud for first time since 2014

Cifas, the UK’s leading fraud prevention service, has released new figures showing that identity fraud has fallen for the first time since 2014. Cifas members recorded 84,463 cases in the first six months of the year, representing a 5% drop compared to the same period in 2017...
Posted On 16 Aug 2018
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BSI launches Code of Practice to protect vulnerable customers from fraud and financial abuse

Business standards company the British Standards Institution (BSI) has launched a new Code of Practice that gives recommendations to organisations for protecting vulnerable customers from financial harm that might occur as a result of fraud or financial abuse. Sponsored by...
Posted On 20 Nov 2017
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Pindrop Report: “Fraudsters remaining one step ahead of consumers on ID theft”

According to a new report issued by fraud protection and authentication company Pindrop, 87% of consumers are aware of the threat of phone fraud, but nevertheless are failing to take the most basic steps needed to protect both their identity and their finances from increasingly...
Posted On 07 Sep 2016
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Changing the culture of ‘cyber’

There are magnificent examples of organisations succeeding at cyber security in an environment where most others are failing – and they have done so without any extra investment. The $64,000 question is: How? As Martin Smith states, it’s all about culture change from within...
Posted On 10 Oct 2014