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Modern bank heist: How cyber criminals have evolved
The financial sector is historically one of the most secure industries in the world. It needs to earn trust and convince customers that their hard-earned money is safe. Nevertheless, the fact that banks are guardians of the one... more
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Cybercrime spike as pandemic creates perfect storm for fraud
With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent industry discussion was held to discuss ‘the rise of financial... more
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Rule of the machines: can AI and ML really help fight fraud?
Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... more
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Research finds criminals hit $1.4 billion jackpot from cryptocurrency crimes
CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions. In the... more
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New strain of trojan EventBot can clear out bank accounts
Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... more
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