Risk & Compliance RSS
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.
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.
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.
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.
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.