Risk & Compliance RSS

Cyber Security, Daily news, Fraud & Security, ransomware attack, Risk & Compliance, Ryuk -

Sopra Steria, a supplier to the UK’s NHS, has admitted a ransomware attack on its systems last month is likely to cost the company between €40 million ($48 million) and... more

The post Cybersecurity costs: Sopra Steria could pay €50 million for Ryuk attack appeared first on Payments Cards & Mobile.

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cyber crime, cyber insurance claims, cyber resilience, Cyber Security, Daily news, Fraud & Security, Risk & Compliance -

External attacks on companies result in the most expensive cyber crime insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by... more

The post Cyber crime costs rising: Internal failures most common cause of claims for companies appeared first on Payments Cards & Mobile.

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Daily news, FinTech, FinTech borrowing, FinTech lending, Mobile Banking, Risk & Compliance -

The FinTech boom of the last 10 years has widely been regarded as a benefit to society and has changed the banking industry as we know it, but some customers... more

The post Why their is a dark side to the expansion of FinTech borrowing appeared first on Payments Cards & Mobile.

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Cyber Crime, Daily news, Fraud & Security, insider threat, insider threat fraud, Risk & Compliance -

Europe’s banks and cybersecurity experts are warning of a growing challenge due to insider threat fraud, warning of the high costs associated for organizations that fall victim to this form... more

The post European banks raise internal concerns over COVID-19 related insider threat fraud appeared first on Payments Cards & Mobile.

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AML, Cyber Crime, Daily news, E-Money, Fraud & Security, Risk & Compliance -

A leak from the US treasury department’s Financial Crimes Enforcement Network (FinCen) in September showed that even the biggest, most globally respected banks appeared to be allowing money laundering to... more

The post AML: Taking compliance from expensive and ineffective to affordable, accessible and reliable appeared first on Payments Cards & Mobile.

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